Insufficient charging stations in Hawai’i holds back transitioning to EV ownership, a study conducted by Ulopono Initiative revealed. "The Extra Mile: Why Electric Vehicles Make Sense for Hawai'i's Economy, Environment and Communities," the white paper released by the Hawaii-focused impact investing firm was released on Friday.
"In order to maximize the role of EVs in reducing Hawai'i'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 paper states. "Postponing investments in such infrastructure is unlikely to generate cost savings. Requiring new facilities to be EV-ready adds less than 1 percent 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."
For full details view the 19 pages white paper here.