Adding electric vehicle chargers to multifamily buildings like apartments or condos brings a host of advantages. Not only does it enhance resident happiness and provide a competitive edge, but it also boosts property worth, establishes a sustainable reputation, and even opens up possibilities for generating revenue.
The Top 5:
Discover the top 5 reasons why installing EV chargers in multifamily buildings is a game-changer.
- Resident Convenience and Satisfaction: Providing on-site EV chargers offers residents the convenience of charging their electric vehicles at their own residence, enhancing their overall satisfaction and reducing the need to rely on public charging infrastructure.
- Competitive Differentiation: Offering EV charging infrastructure sets your multifamily building apart from competitors, attracting environmentally-conscious residents who value sustainable amenities and creating a unique selling point for your property.
- Increased Property Value: Installing EV chargers can enhance the value of your property by appealing to a growing market of electric vehicle owners. It positions your building as future-ready and aligns with the changing transportation landscape.
- Sustainable Reputation: Supporting electric transportation showcases your multifamily building's commitment to sustainability and environmental stewardship. It contributes to a greener community and resonates with residents who prioritize eco-friendly living.
- Revenue Generation: Monetize your EV charging services to unlock a new stream of revenue for your multifamily building. By implementing charging fees, you can not only generate income but also provide a highly sought-after service to both your residents and the community.
Explore a range of invaluable resources tailor-made for the multifamily sector.
The Hanover Company is a leading developer and owner of multifamily properties across the nation, dedicated to creating luxurious living experiences. To maintain their cutting-edge status and meet the needs of their target audience, they go beyond offering appealing amenities and focus on future-proof their properties.
An Ideal Solution for Multifamily Housing
With the demand steadily rising, stay ahead of the curve and provide your residents with the convenience of EV chargers.
Gain a Competitive Edge with EV Charging
Schedule a Consultation and Stay Ahead in the Multifamily Market!
In the year 2022, the United States witnessed a remarkable surge in electric car sales, soaring by an impressive 55%. This significant growth propelled electric vehicles to capture a noteworthy sales share of 8%.
A survey carried out by the National Multifamily Housing Council and Kingsley Associates in 2019 revealed that a staggering 81% of renters considered access to EV charging stations as a crucial factor in their decision to rent an apartment.
Research has demonstrated that businesses can achieve remarkable savings of up to 40% on fuel expenses and an impressive 60% on maintenance costs simply by transitioning their corporate fleet to electric vehicles (EVs).