Property managers can transform EV charging from a challenge into a valuable asset for multi-family developments. With over 80% of EV charging happening at home and 44 million U.S. tenants representing untapped potential, implementing charging infrastructure is becoming increasingly important.

Current Challenges:

• Limited electrical capacity in older buildings (50% built before 1980)
• High installation and equipment costs
• Concerns about tenant demand
• Less than 5% of properties have charging stations
• Nearly half of EV owners in multi-family developments lack access to home charging

Why It Matters Now:

• States are introducing "Right to Charge" laws mandating EV infrastructure
• 40% of potential buyers delay EV purchases due to charging concerns
• EV charging is becoming a crucial amenity for tenant attraction and retention
• Properties can generate new revenue streams through charging services

Key Implementation Considerations:

Hardware:

• Strategic station placement
• Appropriate number of charging points
• Power requirement planning
• Equipment selection based on property needs

Software:

• User access management
• Energy pricing systems
• App-based scheduling
• Network management
• Customer support integration

Making It Work:

• Partner with experienced providers for turnkey solutions
• Utilize available incentives and rebates
• Consider third-party ownership to reduce costs
• Implement comprehensive warranty and maintenance plans
• Focus on user education and support

The transition to EV charging infrastructure represents a significant opportunity for property managers. By embracing this change and working with experienced partners, multi-family developments can create a win-win situation: meeting tenant needs while generating additional revenue and increasing property value.

Rather than viewing EV charging as a burden, forward-thinking property managers can use it to differentiate their properties, attract environmentally conscious tenants, and position themselves at the forefront of sustainable transportation solutions.

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