Why do Multifamily properties need EV charging?

Keep up with demand and increase property value and income

By 2030, 17% of the projected 35M EV charging ports will be needed in multifamily properties, posing a $48B challenge for asset owners to meet tenant demand. With 80% of charging done at home, EV infrastructure is quickly becoming essential for rental properties to stay competitive. ChargeWise simplifies this complex process by securing incentives, designing optimal installations, and handling ongoing maintenance—all at no cost to property owners. As usage grows, so does your cash flow, making EV readiness a profitable, future-proof investment.

ChargeWise has the answers for demand, funds, process and support.

80%

of EV Owners Charge at Home

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Benefits for Property Owners

01.

Increase Property Value

With no out of pocket costs, asset owners shares a percentage of 5-10 year cash flow. In addition, offering EV charging stations can enhance the property’s value and marketability by catering to a growing demographic of EV owners.

02.

Competitive Edge

Installing charging stations can differentiate the property from others that do not offer such amenities, making it more appealing to prospective tenants.

03.

Sustainability Goals

Helps property owners meet sustainability and green building certifications or goals, improving their environmental reputation.

04.

Future-Proofing

As the number of electric vehicles on the road increases, having EV charging infrastructure in place prepares the property for future demand.

Benefits for Tenants

01.

Convenience

Tenants have the ability to charge their electric vehicles at home, eliminating the need to find public charging stations, which may be inconvenient or located far away.

02.

Cost Savings

Charging at home comes with cost benefits, as the rates can be more competitive compared to public charging stations.

03.

Sustainability

Providing EV charging supports tenants’ efforts to reduce their carbon footprint, aligning with a more sustainable lifestyle.

04.

Attractiveness

Availability of charging stations can be a key factor for EV owners or potential tenants who are considering purchasing an EV, making the property more attractive.

Enabling Multifamily E-Mobility