The new documents suggest that Tesla has a significant cost advantage when deploying fast charging stations with Superchargers costing a fifth of what the average competing charging networks pay to deploy new stations.
Last year, we reported on the Texas Volkswagen Environmental Mitigation Program (TxVEMP), a program that uses the settlement from the DieselJet scandal to fund projects to help air quality in Texas, including financing electric vehicle charging stations.
It was interesting because Tesla applied for grants through the program to help fund the construction of what could become the first supercharger to accept fully electric cars in the United States, not just Tesla cars.
The program has now announced the grant distribution, and unfortunately for Tesla, the cuts haven’t been made and it’s not clear why. Having just moved its headquarters and new factory to the state, this should have at least leveled the playing field.
But regardless, there was still some good news coming from the software for the automaker, as it revealed that Tesla appears to have a massive advantage in the cost of deploying new fast charging stations.
Companies couldn’t apply for more than 70% of the chargers’ cost of up to $150,000 per charger, and Forbes reports that Tesla was only asking $30,000 per charger for the full $150,000 for most applicants:
“The Texas program that gives grants to install fast electric chargers, as long as they support non-Tesla cars, got apps from Tesla. This was Tesla’s first time in the USA, as their stations usually only charge Tesla cars. Also interesting are the amounts The grants, which can cover 70% of the cost of the chargers, are up to a maximum of $150,000 per charger. Tesla apps ask for less than $30,000 per charger, while most other apps ask for a maximum of $150,000 and may cost more.”
This means that Tesla’s superchargers cost no more than $43,000 per charger versus over $200,000 to compete based on documents in these applications for TxVEMP.
Some of the other applicants include big names in the charging industry such as EVgo and Chargepoint as well as several major gas station operators.
Powerful fast charging stations, such as Tesla Superchargers, which can charge up to 250 kW, are very expensive due to their powerful electronics.
We’ve seen sale prices in excess of $100,000 for some chargers, and it’s unimaginable that the cost could double with installation depending on several factors.
It makes it even more impressive that Tesla appears to be able to keep the cost under $50,000 per charger.
Back in 2016, when Tesla was still sharing the value of its assets in the Supercharger network, the automaker was talking about a value of $285,300 per station or $49,000 per charger, but that was when each charger was less than half the power capacity of the current supercharger. .
Therefore, the cost appears to have decreased over the years even though the capacity of the charging stations has more than doubled.
Tesla has solid expertise in power electronics, not only for its charging stations but also for its electric vehicles and commercial transducers.
The company produces Superchargers in Gigafactory New York, and recently, Tesla opened a new Supercharger charging plant in Shanghai, which aims to increase 10,000 supercharger kiosks annually.
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