Future-Proof Your Property: Why EV Chargers Are Essential

The electric vehicle market is more significant than ever before and continues to grow. A recent report from the International Energy Agency reveals that EV sales doubled in 2021, and the trend continues to accelerate. By 2030, EVs will likely represent 60% of new car purchases globally.

The most important thing to note is that electric vehicles are not a fad. As they become more powerful and distance-capable, electric and hybrid vehicles will quickly overtake less efficient (and less eco-friendly) traditional cars and trucks.

Most families have every reason to purchase an EV and cut rising fuel costs and trips to the gas station. This shift creates a need to charge close to home AND away from home, a golden opportunity for apartments communities and retail centers to be ready to meet customer needs.

Now is the perfect time to upgrade your retail or multi-family properties with efficient, user-friendly EV chargers. We’ve reached the ideal point where rising demand for EV charging meets cutting-edge charging technology—making it the smart move for future-proofing your property.

Envision your ideal eco-conscious professional searching for their next apartment—someone who values sustainability, convenience, and modern amenities. They’re looking for a community that aligns with their lifestyle, where features like EV chargers are not just an option but an expectation.

When considering two properties, the one that offers EV charging stations is naturally more appealing. By installing EV chargers, you are catering not only to current EV owners but also those planning to make the switch soon.

Marketing Tip for Apartment Communities: Promote EV charging stations in your property listings to stand out from your competition. Remember to feature your EV chargers on your website list of amenities and include a photo of the chargers on your main page.

EV charging infrastructure is quickly becoming a sought-after amenity, gaining traction among residents, customers, and investors. Much like access to Wi-Fi, which evolved from a luxury to an essential, EV chargers are on a parallel trajectory. With the surge in electric vehicle ownership, EV charging will quickly go from a “nice-to-have” perk to a “must-have” feature for apartments and retail locations.

By investing in EV charging stations now, properties can enhance their value through modern power infrastructure and eco-friendly amenities, positioning themselves at the forefront of this growing demand.

EV charging is also a potential source of income for visitors and customers. As the property owner, you can offer free EV charging as an attractive amenity, charge a small fee to cover costs or partner with a charging network to share publicity and profits.

Apartment communities are more likely to offer free or low-rate EV charging to attract tenants. At the same time, retail properties are more likely to provide EV charging with a convenience fee, empowering EV drivers to shop longer while their vehicles charge.

Residential properties can also offer paid EV charging to visitors and lower-cost charging for residents.

Sustainability has evolved from a buzzword to a critical factor in decision-making for customers and residential and commercial tenants. People are seeking more sustainable lifestyles and business practices, reducing carbon emissions and embracing a more efficient way of life. These values drive decisions on a massive scale, and when your property is eco-friendly, it can boost your business significantly.

By installing EV chargers, you are demonstrating your commitment to environmental responsibility. This will not only enhance your property’s reputation it will also entice others who want to pursue sustainability for themselves through your apartments or retail properties.

Lastly, it’s essential to stay informed on regulations. Sustainability has also become a driving factor in building codes and compliance requirements. Many cities and states are beginning to require EV charging infrastructure as part of new buildings and major renovations to fuel the EV revolution. By acting now, you can stay ahead of the curve and avoid potential compliance issues down the road.

One of the primary considerations for EV charging installation is the initial cost. The good news is that you can reduce the cost of your initial investment through government incentives for EV charger installations. You can also easily calculate a rapid ROI regarding higher rent values or charging fees depending on the financial model you choose for your charging stations. You can also change additional fees to tenants to use the designated charging parking stalls. 

Another benefit is by having multiple charging locations, the property becomes a small utility company selling power back to the tenants, driving additional revenue. 

If the space for EV chargers is a concern, view EVmode’s compact and modern charger designs. These can be installed in existing parking areas without major modifications.

Take a look into the near future by examining the trends. We all remember when properties started offering high-speed internet as an amenity. Those who acted early gained a serious competitive advantage. EV charging stations are poised to follow the same trajectory from a luxury trend to a must-have amenity.

By installing EV chargers now, you are preparing for the future and shaping it. You are taking a prominent role in building a sustainable community by crafting your property into a more eco-friendly, attractive, and valuable place that appeals to the ever-growing population of EV owners and eco-conscious tenants.

Don’t wait for your competitors to make the first move. Be a leader in your market and start exploring EV charging options today. Learn more about EV charger installation options at EVMode.com.