Electric vehicle (EV) charging stations are becoming essential for businesses, retail locations, multifamily properties, and public spaces. Here's why installing multiple EV charging ports now is a smart investment.

Key Benefits of Installing Multiple EV Charging Ports:

• Attract more customers and visitors to your property
• Generate additional revenue streams
• Support environmental initiatives
• Increase property value
• Enhanced visibility on EV charging apps

Financial Considerations:

• Current tax credits offer up to $30,000 per location (expiring in 2021)
• Many incentives are only available for first-time installations
• Infrastructure costs (electrical upgrades, trenching, conduit) represent the largest expense
• Installing multiple ports at once reduces overall cost per unit

Growth and Demand:

• Global EV sales doubled between December 2019-2020
• Nearly 1.4 million EVs currently on U.S. roads
• EV adoption continues to double annually in many states
• Future projections indicate continued exponential growth

Strategic Advantages:

• Higher number of ports increases visibility on charging apps
• Ensures charging availability for customers and tenants
• Reduces competition for charging spaces
• Future-proofs your property for increasing EV adoption
• Provides competitive advantage over properties with limited charging options

Property Management Benefits:

• No need for complicated scheduling systems
• Easy management through charging apps
• Attracts long-term tenants and customers
• Reduces future renovation costs
• Maximizes current incentive opportunities

Installing multiple EV charging ports now, rather than gradually scaling up, provides immediate benefits while preparing for future demand. This approach maximizes available incentives, reduces overall costs, and positions your property as a leader in EV infrastructure.

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