The city of Vancouver will require gas stations and parking lots to install EV chargers or pay an annual fee of $10,000.
The Vancouver city council has approved a new $10,000 annual fee for gas stations and commercial parking lots that don’t installby January 2025. In order to comply with the new rule, gas stations will have to install at least one DC fast charger with a minimum charging speed of 50kW. Parking lots will need to install four Level 2 chargers in order to meet the guidelines. Lots with fewer than 60 parking spaces will be exempt from the new fees.
According to a city staff report supporting the initiative, it will cost about $135,000 for a gas station to install a DC fast charger. The report also estimates it will cost an average of $100,000 to install four Level 2 EV chargers. Once they are in compliance, the normal yearly business license fee will remain at $163 for parking lots and $263 for gas stations., there are currently 66 gas stations and 366 commercial parking lots across Vancouver that will be subject to the new rule.
In a report to the city council, the city staff said, “There would be an incentive to invest in EV charging to avoid the higher annual license fees.” That report estimated it would take gas station and parking lot owners about 8 years to recoup their investment in EV charging equipment. Business owners cited lack of space, lack of available electricity supply, and limited demand for EV chargers as concerns.
Dr. Werner Antweiler, a professor at the UBC Sauder School of Business who studies electric vehicles, told thethe price of charging stations isn’t likely to come down any time soon. He said that unlike batteries, where new technology is expected to bring the cost down over time, with chargers there is “no potential to make them cheaper other than maybe introducing greater scale.” Most of the costs, he said, are “installation and labor.
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