Evolving Infrastructure: Balancing EV Popularity With Multifamily Charging Solutions
Solutions to meeting demand and boosting revenue.
More and more people are making the switch from gas powered to electric vehicles (EVs). In fact, over the course of 2023, 1 million fully electric vehicles were sold; undoubtedly, some of those will be parked at an apartment community.
Meeting Demand
From lower maintenance costs to being environmentally friendly, there are countless reasons why EVs are rapidly increasing in popularity. Consequently, a number of multifamily operators are searching for an affordable and scalable way to implement EV charging solutions in their communities.
While there are some misconceptions regarding the costs and maintenance aspects of installing EV charging stations on property, there are viable solutions on the market to assist operators in meeting this new found demand while simultaneously boosting revenue.
Prioritizing Implementation
Operators must prioritize the implementation of an adequate charging infrastructure at their communities in order to stay ahead of the competition. A scalable and well-managed charging solution not only attracts more prospective residents but it contributes to higher satisfaction and retention rates. In some cases, providing a convenient and reliable charging station to residents may be the deciding factor when choosing a community to live in.
