7 benefits of EV charge points for homeowners associations
There will be an estimated 85 million electric vehicles (EVs) on the road worldwide by 2025. EV drivers want the flexibility to charge at home, which is why it's critical for homeowners associations to consider installing charge points at their properties.
18 April 2024
At a glance
Installing EV charge points at apartments can attract and retain tenants by enhancing convenience and supporting their transition to EVs, while also increasing property value. E-Flux by Road helps homeowners associations meet current demands and also future-proof properties against evolving transportation trends and potential regulations.
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:
1. 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.
2. Increase property value
Properties with amenities such as EV charge points make them more attractive to buyers and renters, and increase the overall value.
3. 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.
4. Create 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.
5. Enjoy 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.
6. 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.
7. Benefit from incentives
Many countries offer incentives when you install EV charge points at a property you own or rent.
16 February 2024
EV charge points for homeowners associations: how to get started
Learn how to set up and manage charge stations at your location smoothly and successfully.
23 February 2024
Homeowners associations: How to choose the best EV charging management platform
As a homeowners association (HOA), the last thing you want when setting up electric vehicle (EV) charge points is lots of admin. You also don’t want to spend more time and money than necessary, which is why the right EV charge management platform is so critical.
13 March 2024
Everything you need to know about smart charging
Energy management, also known as smart charging, is an umbrella term for various technologies, methods and solutions for managing electricity in an intelligent way. There are different levels of sophistication of energy management solutions, and these will depend on the customer’s needs and infrastructure.