It’s uncommon to locate apartments with charging stations available to their tenants, yet electric vehicles require them. However, as the demand for electric vehicles grows, EV charging stations for apartments will become a significant issue for tenants and homeowners in the future years.
Many individuals are already taking advantage of the US Department of Energy’s program, which allows Americans to get up to $7,500 in federal tax credits for purchasing an electric vehicle. Nonetheless, with high targets set by many governments, policymakers, and private sector goodwill, EVs must become more than a niche product for the wealthy, but for many more drivers as well.
EV Charging Stations for Apartments
People shift to EVs for various reasons but perhaps one of the biggest barriers to owning an electric vehicle is renting a home. A 2017 survey by the National Household Travel indicates that homeowners across the US are 6 times more likely to own an EV than renters. The striking differences indicate the subtle gap that exists between homeowners and renters when it comes to making a shift to EVs.
Is the Gap As a Result of Income Differences?
The substantial discrepancies in EV ownership have nothing to do with money, despite what the initial assumption would suggest. And, while it’s true that the wealthy are more likely to develop an interest in owning an EV, which makes sense given that they cost more to acquire than gasoline vehicles but are less expensive to charge than refueling a tank, it’s clear that homeowners, even those with comparable income levels, are more likely to own EVs than renters. As a result, apartment EV charging stations
Accessibility to Parking and Charging Facilities
Unlike apartments, many homeowners have plenty of parking space, which might be a standard driveway, a garage, or both. Because charging an electric car can be done at night during off-peak hours, it is more easier and more convenient. Access to parking spaces, on the other hand, may be a difficulty for renters, particularly those living in apartment buildings with many units. Though there is no official data on parking availability in multi-unit buildings, we may assume the source of the startling difference in EV ownership between homeowners and renters.
Another key concern for renters as opposed to homeowners is charging equipment. The rationale for this is that homes may simply invest in and modify an EV charging station for rapid charging. This is a pricey investment, but it is worthwhile for a homeowner who intends to stay in the same spot for many years.
However, the hefty expense of this investment makes it difficult for tenants. Furthermore, renters may be hesitant to purchase EVs because they may not see the economic rationale of investing in a piece of equipment on a property that is not theirs. Due of liability concerns, some landlords may refuse to accept such an arrangement. However, this might theoretically be a wonderful investment for a landlord, who may elect to install apartment EV charging stations and then recoup their investment through rent.
Other problems, such as obtaining future renters who may not even own an EV, render this plan impractical. The charging station may exist, but no one is using it – or even appreciating the expenditure. As a result, governments are emphasizing the importance of extensively investing in charging stations around the country, particularly in densely populated areas. This makes it easier for EV owners to charge their vehicles without relying on EV charging stations for apartments.