There will be an estimated 85 million electric vehicles (EVs) on the road worldwide by 2025. Global awareness, sustainability targets and government incentives are making the move faster. While charge stations are being built in public spaces and workplaces, residents want the freedom and flexibility to charge at home too.
If you’re a residential property manager, it’s worthwhile to support this demand, and ensure your location is future-proof. Here’s why you should consider EV charge points at your locations:
Attract and retain residents
EV drivers will be attracted to the property as being able to charge at home gives them convenience and comfort. Current and prospective EV drivers will likely seek out and only buy or rent apartments that support their charging needs.
Increase property value
Properties with amenities such as EV charge points make them more attractive to buyers and renters, and increase the overall value.
Support EV adoption
More residents will be moving to EV, and charge points at home can support their shift and make it easier and more practical.
Get convenience for residents
The ability to charge at home brings convenience and comfort to residents as they don’t need to rely solely on work or public chargers. It reduces “range anxiety” and enhances their quality of life. Residents can also save on charge costs by charging at home during “off-peak” times, something that is not always possible at public or work points.
Create a new revenue stream
There are various ways to turn your charge points into revenue streams, whether it’s making them publicly accessible and setting higher tariffs for the public, or adding premiums during peak charge times.
Future-proof your building
Having charging infrastructure while the world rapidly shifts to EV means that you are ready for a new wave of drivers and possible regulations.
Benefit from incentives
Many countries offer incentives when you install EV charge points at a property you own or rent. In the UK, there are two grants available for installing EV charge points at a property you own – an EV charge point grant or an EV infrastructure grant. You can use an infrastructure grant and a charge point grant on the same property.
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Do you want to learn how to get started and succeed with EV charge management at your property? Download our free guide today. [/vc_column_text]Download your free ebook[/vc_column][/vc_row]
