DC fast charging stations can fill EV batteries up to 80% of capacity in 30 minutes. These stations are generally located at parking lots and other commercial spaces and utilize a variety of voltages, including 208-600 volts, though 480 volts is the most common. They’re the quickest and most popular way to charge an electric vehicle, but they’re not cheap. They typically cost around $7,500 per station to install.

In addition to the equipment cost, the power costs for running a DC fast charging station are significant. Station owners must negotiate favorable rates with the power companies and build and maintain transformers and switchgear equipment. These factors can push the overall project cost well above $200k per station.

The EV DC fast charging station works by sending direct current (DC) power straight into the EV battery, bypassing the AC-to-DC conversion that happens in Level 1 and Level 2 chargers. The EV driver’s vehicle management system communicates with the EV charging station to control how much power is drawn from the charger.

While DC fast charging is the quickest and most convenient way to charge an EV, it’s important to not rely on it exclusively. Using DC fast charging for long periods of time can harm battery life, so it’s best to save it for emergencies or when you know your trip will be lengthy.

Besides providing a valuable service for EV drivers, a DC fast charging station can also bring in additional revenue for businesses. Most EV drivers need to recharge at least once a day, so if your business is the closest charging station to their home or office, they’re likely to frequent it. This can boost your customer base and increase sales, especially if your charging station offers in-person or online car shopping.

The initial investment for an EV DC fast charging station is high, but it can be worth the money in the long run. The key is to place your charging station in locations where EV drivers are most likely to use it, such as shopping centers and grocery stores. You can also offer extra amenities, such as wireless charging or vending machines, to attract EV drivers and encourage them to visit your establishment. These features can help your business to stand out from other local competitors and increase your chances of a return on your investment.