It is estimated spend on electric vehicle (EV) charging at home will exceed R241bn globally in 2026, up from R51.2bn in 2021, and by 2026 more than 21-million households will recharge using a home wall box charger. This is according to Juniper Research’s EV Charging: Key Opportunities, Challenges & Market Forecasts 2021-2026 report.
The report recommends home charging vendors and automotive manufacturers form partnerships to make home charging central to future EV transitions, given the fragmented availability and high costs of public charging networks.
Public chargers are for quick charging when you’re not home or for traveling long distance. DC fast chargers are strategically located off highways for minimal interruption to travel times.
Industry experts agree that to get the full EV experience, you need to be able to charge your vehicle at home. Grid Cars recommends installing a home wall box charger instead of a basic one with limited facilities.
As mentioned in our EV charging article last month, the benefits of installing a home charger are faster charging times, lower prices compared to public chargers, the convenience of “plug and go” sans bulky cables and waking up to a fully charged vehicle.
The cost to charge at home is significantly cheaper at R2.20 per kWh vs an AC public charger at R4.70 per kWh and R5.88 per kWh on DC.
Welcome to Wired to the Web. My name is Nafisa Akabor and I’m a technology journalist covering business and consumer tech for the last 15 years. I’m passionate about start-ups, smartphones, mobile payments, travel tech and electric cars. ✉️ email@example.com