Electric vehicles have completely changed the automobile industry, and along with EVs come public and private EV chargers. As the number of EVs has continued to increase each year, with growth constantly challenging previous records, charger trends have adapted to keep up. Learn more about EV charger trends shaking up the market in 2024.
More Faster Chargers Available Across the Globe
A growing number of vehicle owners are meeting their vehicles’ charging needs with at-home EV chargers, with both Level 1 and Level 2 options available. Level 1 options allow for a slower—but more affordable—charge. Level 2 charging stations are more expensive but can charge much more quickly. Across the globe, public charging stations are split between slow and fast charging stations. Fast chargers are becoming increasingly accessible, a big step toward addressing range anxiety.
Greater Charger Availability as Tesla Superchargers Become Accessible to Other Vehicles
Tesla has long dominated the world of public EV chargers, posing a barrier to those who own other brands of electric vehicles. In 2024, they have started to make their Superchargers available to other types of vehicles that are NACS-equipped or work with NACS DC adapters. This is expected to level out the playing field between Tesla owners and those who own other types of electric vehicles.
Private Chargers Becoming a Profit Source
In some areas, the EV charging economy is evolving in response to more EV vehicles hitting the roads. Some owners of EV charging stations are starting to make money off of their investments by renting private charging space out to the public. This is similar to the increased focus on vehicle-to-grid technology, which allows vehicle owners to distribute their excess energy back to the grid. In both cases, vehicle owners can turn their choice of vehicle into an income stream. Both of these trends also benefit the community as a whole.
Greater Rural Availability of Chargers
In the early days of electric vehicles, their adoption was largely seen in urban areas, with less use in suburban areas and even fewer EVs in rural areas. In 2023 and 2024, we’ve seen this trend start to bounce back. Now that electric vehicles have essentially proven themselves, more communities are investing in public EV chargers. In rural areas, this ensures that those who don’t have private chargers don’t have to run to the nearest city to get a full charge.
More EV Owners Across All Demographics
The popularity of electric vehicles is still growing, a trend that is likely to influence the availability of public chargers and the demand for private chargers. More people across all age groups indicate an openness to buying an electric vehicle, although those in younger demographics are still more interested than those in older markets. About 40% of respondents to a recent survey indicate that they would consider an electric vehicle for their next car purchase.
Vehicles Enjoying More Miles Per Charge
Each new model year of electric vehicles seems to push the envelope in terms of how many miles they can get per charge, a trend that is clearly continuing well into 2024. More vehicles can get 400 miles or more per charge than ever before, with some vehicles yielding as many as 450 miles per charge. This is huge for the industry—when people aren’t constantly worried about how much time they have until they need to charge their vehicle, they’re more likely to recommend electric vehicles to other people.
While public EV chargers are an incredibly important part of accessibility for EV users, nothing compares to the convenience and affordability of home EV chargers. With both Level 1 and Level 2 options available, people with different usage patterns and charger needs can find solutions for their budgets.
If you’re considering a home EV charger, working with the right electrician is crucial. At Cape Cod Heat Pumps, we strive to make life easier for EV drivers in our community. We provide free estimates so you can make an informed decision without having to commit upfront. We only hire licensed and insured electricians, so you can count on safe and efficient installation. Finally, our financing options allow you to choose a payment plan that fits your budget and puts a home charger within reach.
Considering a Home EV Charger? Learn More About Your Options With Cape Cod Heat Pumps
Having a home EV charger can give you more freedom as an electric vehicle owner. You don’t have to plan your trips based around the availability of public chargers, and you can rest easy at night knowing your car is charging for the busy day ahead. Learn more about the options we provide by meeting with one of our licensed, insured electricians. Call us at 508-833-4822 or reach out online to request a free estimate.
