According to EY analysts, the United States will require a nine-fold increase in today’s volume of charging stations to meet coming demand as well as much greater access for all communities. At present, most EV charging takes place in homes, where vehicles tend to park for long durations and are charged slowly. Across the United States, 88% of EV owners have access to residential charging, but this varies significantly by region and property type.4 According to the National Renewable Energy Laboratory (NREL), 70% of detached single-unit households have access to home charging but access plummets to 10% to 20% for rented apartments.5 By 2035, when 18% of the vehicle stock is expected to be electric,6 the majority of EV charging is still likely to be done at home, but demand will soon outpace access and utilities will need to expand access.
As the EV market races past early adopters – typically high-income, single-family homes with access to off-street parking – we will see demand for more diverse charging access everywhere. Rentals, apartment buildings, condos and increasingly destinations like malls, community centers, movie theaters and restaurants will all expect to be able to offer charging access – and consumers will expect, if not demand it. It’s up to utilities to plan for increased access and a true integration of charging stations into all communities, regardless of socioeconomic factors or even population density.