The transition to electric vehicles (EVs) has begun, and it will continue to accelerate for many years to come. Initially popularized by disruptive tech upstart Tesla and its innovative EVs, the move to wider sales of electric vehicles of all types is now being spearheaded by the mainstream auto manufacturers. General Motors, Ford, Volkswagen, Hyundai/Kia, Mercedes-Benz, BMW, and many others have announced their intentions to fully embrace this “new” technology, which actually made its first appearance in vehicles over 100 years ago. Some carmakers have even promised to replace all of their internal combustion engine (ICE) vehicles with EVs at some point during the next decade.
Today’s EVs boast all of the creature comforts and performance of the ICE vehicles we now own and have become used to. The latest battery technology now allows EVs to travel hundreds of miles on a charge, comparable to the range people expect from their ICE vehicles.
Charging Is Easy – if You’re a Homeowner
For the vast majority of EV owners who own their own homes, charging the batteries in their electric vehicles will normally be done at home, using a charger installed on their property. This way, EV-owning homeowners can charge overnight and leave their homes the next day with a full charge. So far, so good.
But What if That’s Not Enough?
What happens when those EV drivers need to make a trip that exceeds the range of their vehicle? And what about all of those apartment and condo dwellers who don’t have a place to charge where they live? The vehicle manufacturers can make as many EVs as they want to, but without a commercial EV charging system that is as ubiquitous and accessible as our nationwide network of gas stations, the success of the transition to EVs will be severely limited.
Where Do We Stand Now?
A recent count by the US Dept. of Energy listed a total of 41,400 commercial EV charging stations in the United States, of which less than 5,000 are fast chargers. Compare this to the over 136,000 gas stations available nationwide for ICE drivers. Much work needs to be done!
How Do We Get There?
Building out the EV charging infrastructure across the US will take a serious commitment on the part of the Federal government. Fortunately, the Biden administration is fully behind the EV transition, as are many state and local governments. Increasing the number of EV chargers has become a national “green” priority, with numerous grants, tax credits, and rebates available – and more likely to be added. This opens up vast opportunities for the installation of EV charging stations at locations like these:
- Shopping Malls
- Parking Lots & Garages
- Office Buildings
- Stadiums and Arenas
- Distribution Warehouses
- Movie Theaters
- Hotels and Resorts
- Apartment Buildings
- Condo Complexes
- Hospitals and Health Clinics
Nothing Happens Without Electricians!
Installing EV chargers requires skilled electricians with the knowledge and expertise required to handle this complex task. The ability to work with high voltages will be essential, as fast chargers of up to 800 Volts and more become increasingly common (generally speaking, the higher the charger’s voltage, the more expensive the installation will be). Regulatory requirements can include overcurrent protection and safety switches. Depending on the job, electricians may have to install new circuits, breakers, conduit, as well as the wiring and connecting hardware required. Stub outs for future expansion may also be part of the project. Permitting will usually be necessary.
You’ll Need Specialized Insurance Coverage for Installing EV Charging Stations
If you’ve got the desire and the know-how to take on the lucrative challenge of installing EV charging stations, there’s one more thing you’ll need – PowerPro® by NIP Group!
PowerPro provides general liability insurance all-lines coverage (including Workers’ Comp and Umbrella) for electrical contractors, plus many coverage enhancements tailored specifically to the specific insurance needs of commercial electricians and contractors dealing in the installation, service and repair of electrical apparatuses.
Our coverage is admitted and written in all states, with a wide variety of coverage limits available to match your business’ needs. NIP Group is rated A+ (Superior) by A.M. Best, with highly competitive rates and superior customer service.