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How Residential Condos Can Stay Ahead of the Curve with EV Charging Stations?

Multifamily or residential condominium owners are always looking for ways to add value to their communities. After all, customer satisfaction is paramount in this industry. But one important trend that not many multifamily building investors have picked up on is that of electric car sales.

The last three years have consistently seen the number of battery-operated vehicles on the roads doubling each year. The number of residents who drive electric vehicles and require easy access to EV charging stations is on an upswing. Therefore, implementing a Level 2 EV charging station with an open cashless payment system in residential communities should be on the top of a multifamily building owner’s list.

Providing this value-added amenity to the residents is beneficial for the investor-operator as well:
Since many EV drivers specifically look for housing with charging stations, their interest in the property will automatically increase.
Installing an EV charging station augments the revenue stream of the building owner because residents will pay for the service.
Some residents wish to have a dedicated charging station instead of waiting for a public one to get free. In this case, owners can consider equipping some garages with a Level 2 EV charging station and charging a premium for the apartments that come with those garages.
Some EV charging stations like EV Meter come with unique marketing opportunities. Operators can link up with nearby businesses and charge them for displaying targeted advertisements on EV Meter dual charging station.
As the demand for EVs continues to rise, so will the demand for residential condos that provide EV charging station capabilities. Any multifamily building owner who plans to remain competitive in the coming years would want to jump on the bandwagon now and establish themselves as a frontrunner in facilitating electric mobility.

Post time: Feb-22-2022