The world we live in is changing, and electric cars are going mainstream. Conventional internal combustion engine (ICE) vehicles are being phased out by automakers and state legislation. And according to the 2021 Electric Vehicle Outlook report from BloombergNEF, by 2040, zero-emission vehicles will make up 70% of the global market. By segment, zero-emission buses will increase to 83%, light commercial vehicles to 60%, and medium/heavy duty commercial vehicles to just over 30%. While 2040 may seem far away, automakers and states are already beginning to phase-out gas vehicles. Some have even set target end dates in the 2030s! With such high expectations for electric cars, EV charging stations should be on every commercial property manager’s radar. If you own or manage an apartment complex or community, your residents are probably already thinking about buying an electric vehicle. Here’s what you should know about charging at your property.
Electric Vehicles Promote a Healthy Community
The effects of climate change are becoming more evident, and transportation emissions are a main culprit. According to the EPA, 29% of all US emissions in 2019 were attributed to transportation! Vehicle emissions harm the environment and can be linked to a number of lung and cardiovascular diseases such as emphysema, asthma, and cancer. That’s why property managers are adding EV stations to help mitigate these issues. With zero direct emissions, electric vehicles are better for your local air quality. And because they have fewer moving parts, EVs naturally have less contribution to your local noise pollution! EV stations allow your residents to go electric, thus reducing the number of polluting vehicles at your location.
EV Stations Encourage Lease Renewals
Did you know that the most popular place to charge an EV is at home? Most drivers prefer to plug in at night after they get home from work. However, plugging in is not so easy for renters and condo owners. While some EV drivers can plug in at the office, installing charging stations in your community’s parking ensures that all drivers can charge. If they get a new job or switch to a remote work setup, your residents know that they can still charge at home. Whether you install shared stations for the community or personal stations for dedicated charging, your amenity will encourage residents to sign another lease at your property. Moreover, adding EV stations helps you present a green image that aligns with your tenants’ values. It’s a win-win!
Right to Charge Laws Support Residents
Have you heard of “Right to Charge” laws for electric vehicle charging? Some states have passed laws to give access to EV charging stations for EV drivers. Maryland is the most recent state to pass one of these bills. Under Right to Charge, a condo owner could install an EV charging station for their personal use, without restriction from the homeowner’s association or condo board. These laws are helpful for the driver, and they promote EV adoption nationwide. But if the EV owner moves out, they get to take the station with them. That’s why many HOAs and property managers are preemptively installing commercial charging stations for their residents. With the SemaConnect Series 5 charging station, the HOA can bill a driver directly for their station access and usage. And if your board does not want to use the capital expense budget for a personal charging station, you can even choose SemaConnect’s Charging as a Service program and pass along the program fees to the driver. With the HOA or property management company as the station owner, you can retain the benefits of installing EV charging stations at your apartment, even after the original EV driver moves out. For a list of EV legislation by state, visit the Department of Energy’s Alternative Fuels Data Center.
EV stations are not only needed at apartment communities, but they are also a way to attract new residents! Are you ready to get started? Contact your SemaConnect manager today to request your quote for EV charging stations at your property.