Demand for Electric Vehicles Outpacing Charging Infrastructure
Apr 11, 2019
FOR IMMEDIATE RELEASE
HONOLULU – Despite an upward trend in electric vehicle (EV) ownership throughout Hawaii, survey data released today by Ulupono Initiative indicates that the current limited charging infrastructure is holding back the cultural transition away from internal combustion engines and hampering progress toward the state’s renewable energy goals.
In a white paper titled “The Extra Mile: Why Electric Vehicles Make Sense for Hawaii’s Economy, Environment and Communities,” Ulupono Initiative concludes there are simply not enough public charging stations throughout the state to support the ever-growing number of EVs being purchased by residents.
“In order to maximize the role of EVs in reducing Hawaii’s dependence on imported fuel and fully benefit from this emerging market, it is critical that public- and private-sector stakeholders foster a supportive ecosystem for EVs by adopting progressive policy and ensuring that infrastructure, in the form of charging stations, keeps pace and precedes demand,” the white paper states.
“Postponing investments in such infrastructure is unlikely to generate cost savings. Requiring new facilities to be EV-ready adds less than 1% to the cost of development, while installing EV infrastructure post-construction costs three times more. Upfront investments are cost-effective, smart and essential future proofing.”
Highlights of the survey data include:
- Resident Hawaii EV drivers are generally dissatisfied with the existing charging network in the islands, averaging a score of 4.26 out of 10. The most common criticism was limited access to charging stations throughout the state.
- 78% of EV owners were receptive to paying a fee for charger usage. Acceptance of a usage fee tended to be even higher for EV owners on neighbor islands at 81%.
- The state may be missing out on efficiencies among visitors, as a majority of Hawaii visitors surveyed (56%) stated they probably would have rented an EV if it were available.
- According to the Hawaii State Department of Business, Economic Development and Tourism’s Monthly Energy Trend Highlights report published in February 2019, there were 8,685 registered EVs in Hawaii, an increase of 26.1% from the same month the previous year. While that growth is impressive, EVs still only account for less than 1% of the 1,073,686 total registered passenger vehicles in the state.
About Ulupono Initiative
Ulupono Initiative is a for-profit, impact investment firm that strives to improve the quality of life for the people of Hawaii by working toward solutions that create more locally grown food, increase clean renewable energy and better management of waste and water. For more information about Ulupono Initiative, please visit www.ulupono.com or connect with Ulupono on Twitter, Facebook, Instagram and LinkedIn.