Last updated 20 September, 2023.
By investing in DC fast charging stations, your business can have a completely new way to attract customers, generate revenue from charging sessions, or create unique cross-selling opportunities.
But before investing, it’s good to get a better understanding of what this charging technology does, how it works, and not completely irrelevant: What it costs.
In a nutshell, DC (direct current) fast charging is a technology that allows electric vehicles (EVs) to charge their batteries at a much higher rate compared to AC (alternating current) charging, allowing for much shorter charging times which has been the Achilles heel of the industry and one of the main blockers of EV adoption.
While the upfront cost of DC charging infrastructure is considerably higher and installation can get a lot more complicated, the need for fast charging infrastructure has never been higher and current projections indicate that the demand for DC fast charging infrastructure will surge even further in the coming decade.
Today, EV drivers in the UK are already willing to pay extra for public EV charging, especially when it is fast. DC fast charging could be just the business opportunity you’ve been waiting for.
As part of our DC charging basics for business blog series, this article will cover all the basics for you to get acquainted with DC charging.
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