$16,000 in Chargers Net Iowa a $13 Return on Investment in 18 Months
In Iowa, nearly $16,000 was spent to cover the install of 3 ChargePoint stations. Those stations were put into use back in Spring of 2012.
Each charge session on any of the three units cost only $1.
To date, only 13 charge sessions have been documented on all 3 units combined.
Running the math, the Des Moines Register suggests that Iowa may have made a big financial mistake in installing those 3 chargers.
As the Des Moines Register reports, there are only 104 pure electric vehicles in the state of Iowa (this figure doesn’t include plug-in hybrids).
Iowa is home to approximately 40 charging stations.
It’s obvious to us that Iowa made the right choice by installing additional charging stations. It’s future-proofed itself for some time, but the general sentiment in Iowa is that the $16,000 spent was wasted.
That’s clearly not the case, as these chargers will be utilized more and more in the years that lie ahead, but the belief in Iowa was that “If you build it, they will come,” according to the Des Moines Register. Come from where?
Electric vehicles are coming, but it’s doesn’t work in the “if you build it, they will come” sort of way. It’s more like “build it now so that you’re ready when they come.”