Electric vehicle (EV) demand is rising worldwide, causing spiraling demands for electricity. It is estimated that the electricity demand could rise to 53 billion kilowatt-hours by 2030 in the largest economies. This growth necessitates the expansion of electric vehicle charging infrastructure. Since gas stations are strategically located and spread across the city and major highways, the EV infrastructure should strive to expand and become readily available.
Level 2 and 3 Charging Infrastructure
Sego Builders are supporting the surge in the adoption of electric cars by constructing level 2 charging infrastructure in residential homes. The level 2 charging system delivers 240V, charging three to seven times more than the level 1 charger. It is a convenient charging system for your EV because you can charge it overnight. Moreover, another convenient charging station for your EV is in commercial places. We provide level 2 and level 3 chargers in commercial places. The level 3 charging infrastructure is called a DC Fast Charger, with an input rating of 480 volts. This means you can charge for 20 minutes and achieve a range of 60 to 80 miles. It is ideal for areas where EVs park for short periods, such as retail centers.
Effects of COVID-19 and the Recession On the EV Market
The onset of COVID-19 shifted the world order. The measures taken by governments to stop the spread of the virus adversely impacted the economy. Nevertheless, the EV market improved significantly during the pandemic because of the increasing environmental issues and green consciousness. Sustainability is growing in popularity as more people become aware of the environmental consequences of GHG emissions. In addition, during a recession, people need to save more. EVs have a lower cost of running, making them more attractive than gasoline vehicles. Contact us for a free EV installation quote at (801) 309-5481.