Electric vehicles (EVs) sales are booming in the United States, with EV sales outpacing other markets worldwide. And that’s especially true in 2022, where North American EV sales grew 49 percent.
Electric vehicle charging stations with text overlay highlighting increasing demand for resident and guest EV charging by developers and multifamily complexes.

It's time to Add EV Charging NOW!

Electric vehicles (EVs) sales are booming in the United States, with EV sales outpacing other markets worldwide. And that’s especially true in 2022, where North American EV sales grew 49 percent. In contrast, the overall ICE vehicle sales are down 17 percent. Moreover, most industry experts predict that this trend will not only continue into the future but accelerate from here, and with more and more electric vehicles on the way, there is an ever-increasing need for places to charge them.

The good news is that public infrastructure is being built thanks to massive federal funding, such as the National Electric Vehicle Infrastructure Program (NEVI) and the Inflation Relief Act of 2022. Both programs have made it easy to buy an electric vehicle and build the necessary infrastructure necessary for widespread electric car adoption.

While this is great, it doesn’t change the fact that most EV charging is done at home. The US. Department of Energy (DOE) says that 70-80% of all EV charging happens at home or at work. In addition, the response from new EV buyers is catching on at a pace not seen in over 100 years. That means that multifamily, workplace, and commercial properties will become critical locations for installing EV charging stations, and property owners and property managers are increasingly expected to offer EV charging to residents and employees sooner than later. 

Charging stations are “Level 1,” which is 110v AC”, “Level 2,” which is 240V AC models, and “Level 3” for 50-350A fast chargers. Charging is rapidly becoming just as essential for developers looking to attract tenants who own at least one electric vehicle.

Where do property owners or developers start? 

Vehicle driving is changing, and property owners and managers need to change now or get left behind. Accessible EV charging stations are an effective way for properties to remain competitive in the modern housing market. Additionally, more and more consumers are looking for housing that offers EV charging, and they’ll be more likely to pay higher rents to have access and convenience of charging their vehicles.

More about Installing Chargers

Installing these chargers is complex and requires considerable expertise with a company or resource committed to designing, engineering, permitting, and construction. But then, you have to consider what happens after the chargers are installed. Who will maintain them, and who will ensure the billing and support are there? 

Companies like EnergyOne offer developers and property managers a turnkey solution for EV charging infrastructure, including detailed site evaluations, design, engineering, software, installation, operation, monitoring, ongoing maintenance, and customer care. “We make it easy for property owners to turn their parking spaces into places drivers can charge anytime,” said Chargie CEO Corey Meiteen. “When it comes to the rapidly changing world of electrification, we’re helping drivers get charged up, and properties stay ahead of the curve.” 

Furthermore, developers and property owners can capitalize on available federal, utility, and local government rebates, incentives, and credits to pay for or help recoup their installation costs. EnergyOne can and will assist properties with that too. “Finding the right programs and applying for funding takes time and resources. Our team can advise on how to maximize the money available and handle applications on a property’s behalf,” Meiteen said. He also noted the importance of acting quickly. “These rebates and incentives won’t always be around. Some are first come, first served. So if you’re considering installing chargers, the time to act is now .” 

 SMART TECH IS SMART BUSINESS 

 Installing EV charging stations at multifamily, workplace, and commercial properties is not only a savvy investment for developers but also an essential step in reducing greenhouse gas emissions and meeting the growing public demand for more sustainable transportation options. And, as the global demand for electric vehicles continues to explode, the need to install Level 2 and Level 3 chargers at these properties will only become more urgent. 

By installing EV charging stations now, developers and property managers can help ensure that their properties are ready to meet the demands of future tenants and their electric cars and that they’re able to take advantage of available rebates and incentives before they run out. 

 IN CONCLUSION 

With the growing demand EV and corresponding consumer sales, it’s already imperative to install EV chargers at multifamily, hotels, and commercial properties in the US. Installing chargers now will not only help meet the increasing demand for charging but also keeps properties modern and competitive and contributes to making the world greener and more livable.   

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Energy One is a leading manufacturer of EV charging equipment and installation services. We are an industry-leading EV charger manufacturer with software, equipment installation, and support.

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