I have owned an ID4 for two years now and am an evangelist for EV ownership. I have had more than a handful of conversations with people stopped in their tracks to ownership by the cost of adding a charger to their homes. I live in a neighborhood with lots of older houses and I have heard that the cost of upgrading their electrical panel is the blockade. I know there is a tax incentive for the charger but is there any incentives for upgrading the electrical panels? I have heard it costs up to 5k to have a panel upgraded and if you added the charger and the feed to the panel, you could be looking at between 2k - 3k. So you are looking at 8k on top of the cost of the EV.
“So you are looking at 8k on top of the cost of the EV”
Only if you purchased a very old or poorly built recent home. Adding a clothes dryer would cost as much.
As for the $8k, like any home improvement, it is an appreciating asset.