Electric vehicle (EV) home charging accounts for over 80% of residential charging, yet nearly half of multi-family development residents lack access to on-site charging options. With 44 million U.S. tenants, this represents a significant untapped market for property managers.

Key Challenges for Property Managers:

• Limited electrical capacity in older buildings (50% built before 1980)
• High costs for electrical upgrades and charging equipment
• Concerns about tenant demand and usage
• Complex ownership and maintenance issues

Current State:

• Less than 5% of multi-family properties offer EV charging
• Homeowners are 3x more likely to own EVs than renters
• 40% of potential buyers delay EV purchases due to charging concerns

Emerging Solutions:

• Third-party ownership options eliminate capital and operational costs
• Available incentives and rebates reduce installation expenses
• New "Right to Charge" laws mandate charging infrastructure in new developments
• Advanced software solutions simplify management and billing

Implementation Best Practices:

1. Strategic Planning

• Assess power requirements
• Choose appropriate charging hardware
• Determine optimal station placement and quantity

2. Management Considerations

• User access control
• Energy pricing
• App-based management
• Support and maintenance

3. Revenue Generation

• Charging fees
• Premium amenity pricing
• Increased property value
• Higher tenant retention

Benefits of EV Charging Infrastructure:

• Attracts eco-conscious tenants
• Creates new revenue streams
• Increases property competitiveness
• Ensures regulatory compliance
• Supports sustainability goals

Property managers can transform EV charging from a perceived burden into a valuable asset by partnering with experienced providers who offer comprehensive solutions. This approach minimizes risks while maximizing benefits for both property owners and tenants.

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