Myth: Installing a charger is complicated and expensive. Truth: Most chargers are easily installed, even in existing homes, with a cost tailored to the user’s needs. Myth: Your electricity bill will skyrocket.
Truth: Charging costs significantly less than fuel. Furthermore, with smart systems it can be done during low-cost hours.
Comparison of Fuel Costs per 100 km. in Cyprus (May 2025)
Vehicle Type
Consumption
Fuel Price
Cost per 100 km.
Source
Petrol
6.5 L/100km
€1.34/L
€8.71
Global Petrol Prices
Electric (Home Charging)
15 kWh/100km
€0.198/kWh
€2.97
Conclusion: Charging an electric vehicle at home costs about 65% less per 100 km compared to using gasoline.
Myth: I need to have three-phase power. Truth: Not necessarily. There are solutions for single-phase installations as well.
How Much Does It Really Cost to Install a Charger?
The cost depends on: – The type of charger (home, professional, fast charger) – The installation (wiring, distance from the panel, individual materials) – Additional extras such as a management app or billing system
Indicatively: – Home charger: from €630-€850 (excl. VAT) + electrical installation cost. – Professional charger with billing: The price is determined depending on the charger.
Indicatively:
AC chargers:
DC chargers (fast charging): Greev provides a free space assessment for an accurate quote.
What Type of Charger Do I Need? (Home, Hotel, Apartment Building)
For the home: – Wallbox 7-11kW – Ideal for daily use, economical and safe For apartment Buildings: – Smart EV charger with billing capability. – Payment system management. For hotels: – At least 2 11kW or 22kW chargers – With billing and customer management capabilities via app
How EV Chargers Increase the Value of Your Property
Adding EV infrastructure: – Increases the value of the property in sales or rentals – Creates a sustainable image of the building / hotel – Attracts modern consumers, especially those who have EVs or are thinking about it Especially in new projects, having a charger is now considered an asset and not a luxury.
Which Charger is Right for You? (Quick Guide)
| Use | Recommended |
| Residential (private) | Wallbox 7kW-11kW |
| Apartment building (shared) | Smart EV charger with billing Commercial property |
| Commercial property | AC 22kW or DC fast charger |
| Hotel / Airbnb | 2+ chargers with cloud system |
For a more accurate choice, we provide a free on-site assessment.