Property owners are staring to find ways to adapt to the growing need for EV charging amenities. Many states, especially California, are setting goals to eliminate the number of gas-powered vehicles being sold to decrease the effects of climate change caused by vehicles. Many multi-family dwellings do not offer EV charging stations at their facility which adds an extra hurdle to those who live in apartments and condominiums. It will also make people who are renters less likely to consider buying an electric vehicle for their next car.

Multi-family dwellings have a few options to consider when they decide to invest in EV charging. Firstly, they must figure out how many spaces they need and where they will go. Property managers can do research among their residents to see how many of them currently drive and electric vehicle. Charging stations need access to electricity and proper infrastructure to power the stations. They can even make the charging infrastructure adaptable to add more charging stations in the future. Another consideration is whether or not the stations will be made available to the public or private solely for residents. Cost is a major contender when installing EV charging stations. Luckily, there are many grants, financial incentives and tax credits that can help off-set the cost of installation and upkeep long-term or short-term.

Having EV charging stations at multi-family dwellings can attract new residents plus keep current ones happy with new amenities. Plus, adding a new stream of financial income is an added bonus.

Click here to read the full article, originally published September 21, 2022 by Utility Dive.