Electric vehicles have surged in popularity over the past few years, marking a transformative shift in the automotive industry. Several factors contribute to this rapid growth, including government incentives for zero-emission vehicles and increased awareness of environmental issues. As more drivers switch to electric, the demand for robust charging infrastructure becomes paramount, especially in residential settings like apartment complexes. This blog post explores the benefits of installing EV charging facilities in apartments, considerations for implementation, and how such investments can enhance property value and attract eco-conscious residents.

The Rise of Electric Vehicles

Electric vehicles have become massively popular over the last few years. From only 4% of vehicle sales in 2020, they increased to 18% in 2023, and this trend is only expected to continue. Already in the first quarter of 2024, 25% more electric vehicles were sold than in the first quarter of 2023.

Government incentives globally have led automakers to increase their manufacturing of zero-emission vehicles and promote them to their customers. People are becoming increasingly aware of the environmental impact of driving, especially after the dip in CO2 emissions from the COVID-19 lockdown. 

Benefits of Electric Car Charging Facilities in Apartments

With more electric vehicles on the road, more widespread charging infrastructure is needed to help encourage even more people to make the switch to electric. Those without home charging options will be less inclined to adopt these vehicles, as not all gas stations have charging stations. Having on-site charging facilities can help encourage residents to use electric vehicles or promote your apartment complex to people who already own them. This will save them time and effort trying to find charging stations and could be a draw for potential residents.

Implementation Considerations

Assessing Demand

Before implementing a charging facility for electric vehicles, assess your property’s needs for it. You can conduct a survey, market research, or compile resident feedback to determine how many tenants already own electric vehicles or are considering buying one.

Installation

If the demand is there, you will likely need to hire an electrician to install the charging stations. Getting quotes from multiple companies will give you an estimated picture of the overall cost. Depending on local regulations around charging station installation, city approval may also be required. You could also research potential grants and incentives to have a charging station at your apartment building, as there may be ways to help fund the project.

Maintenance

A charging station is another piece of equipment that will need maintenance and management. Depending on tenants’ needs, a reservation system to book time to charge their vehicles could be required, or a usage fee could be included in parking costs. Conducting regular maintenance of the charging station is key to its continued function, as any electrical issues could cause damage to tenants' vehicles or, in extreme cases, cause fires on the property if there’s an electrical shortage.

Final Thoughts on Apartment Electric Car Charging Facilities

The rise of electric vehicles is not just a trend but a significant shift in the automotive industry and consumer behaviour. As the demand for electric vehicles continues to rise, the need for accessible charging infrastructure becomes increasingly critical. For apartment complexes, implementing on-site charging facilities can offer a competitive edge by attracting environmentally conscious residents and those already invested in electric vehicles. 

Careful planning, including assessing the property’s needs, obtaining necessary approvals, and ensuring proper maintenance, is essential for successful implementation. By investing in electric vehicle charging stations, apartment complexes not only support sustainable living but also enhance their appeal and value in a rapidly evolving market.

At CLV Group, we value environmentalism and sustainability in our properties, continuing to strive for new and innovative ways to improve them. If you’re planning your upcoming move to Ottawa, browse our apartments for rent today.