Dealers Have Spent Over $5B on EV Infrastructure
NADA says estimate doesn’t include service equipment, power company costs.
NADA says the total cost of the infrastructure can vary from $100,000 to more than $1 million for each store.
IMAGE: Pexels/Antoni Shkraba
Auto dealerships have installed an estimated $5.5 billion worth of electric-vehicle infrastructure, the National Automobile Dealers Association says.
The figure is based on data from a limited number of brands and doesn’t include EV service equipment or additional infrastructure from power companies, such as line extensions and transformers, which can require logistical challenges including permitting and construction projects.
NADA points out that each automaker requires different EV provisions by its dealers and that the total cost of the infrastructure can vary from $100,000 to more than $1 million for each store.
In addition to the store enhancements to accommodate EV sales and customer car charging, dealerships are investing in staff training so that teams can educate buyers on the differences between EVs and gas-powered models. NADA says some dealerships are even introducing dedicated EV education programs for customers.
“Dealers are essential to EV sales, service and the overall ownership experience,” said NADA President and CEO Mike Stanton. “Dealers across the country are excited about electrification. The proof is in their actions. Beyond their investments, auto dealers and their staff are educating consumers, talking to people one-on-one about the new technology and how it will fit their lifestyle.”
LEARN MORE: EV Sales Surged in Past Two Years
Originally posted on Auto Dealer Today
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