How Much will it Cost to Install an Electric Car Charger?

Does your hotel already have an electric car charger?

  1. Download the EVHotels app to add your hotel

  2. Update the existing charger details in the app

- or -

Convert your hotel to an EVHotel if there are no charger details in the app for your hotel yet

Don't yet have an electric car charger?

  1. Convince yourself it's good for business

  2. Find out about the cost below

  3. Read more about how to install a charger

  4. Reference the case study for even more details

 Installing an electric vehicle (EV) Charger at your hotel is generally simple and doesn’t cost much. EV Chargers also cost very little to run, but provide for a tremendous incentive for EV drivers to stay at your hotel. Hotels all over the world are adding low cost chargers to successfully attract more hotel guests. The cost model for EV Chargers is often considered to be very comparable to other services offered such as WiFi. Would a guest with a tablet or smartphone stay at your hotel if you din’t have WiFi? Currently, the best selling luxury car in the United States is a fully electric vehicle and luxury cars are a strong indicator of tomorrow’s mid-range cars. The trends clearly show the number of electric vehicles is increasing rapidly.

Cost componentS

Purely for informational purposes. Costs will vary by region, property, energy costs, labor costs, and contractual obligations among others.

  • Building permits may be required by your local county office for electrical work

Approximately $100

Local Permits

  • Charger unit: can typically be purchased for around $500

  • Stand or panel/bracket mounting hardware

  • Connections to hotel power supply panel

  • Electrician design and labor costs

  • Reductions may be obtained through local or federal renewable energy incentives

Approximately $1,000

Installation

  • Power supplied to charger plug (10A, 15A, 20A)

  • Average time cars draw power (battery capacity and battery level of cars coming in to charge)

  • Lower rates may be offered by local power company for time of use or renewable energy incentives

  • Charging the guests a nominal fee is optional 

Approximately $3.00 per charge

Running Cost

Return on Investment

Fictional Example

A typical example situation of a 100 room hotel may be as follows:

A charger is installed for a total installation cost of $1,000. The charger attracts an additional 8 cars a month equating to $960 extra dollars of revenue per month @ $120/night. The delivered electricity cost is $17.60 a month @ $2.20 per car (see below for electricity cost comparisons). 

 

Assuming a gross margin of 40%, the electric vehicle business adds $384 per month to the gross margin and therefore the breakeven point to cover the $1,000 installation cost is 21 electric cars or just under 3 months.

 

This example uses fictional assumptions and the actual ROI will depend upon many variables including costs, prices, and electric cars served.

Comparison of common appliances used by hotels. Providing an electric car charger for guests costs approximately the same as running a single mini-fridge 24/7 and less than using the air conditioning unit for 12 hours out of a day.