BY Nicholas Johnson CEO & Founder of Orange Charger
Electric vehicle driving and living in multifamily dwellings are finding a lack of available charging at home. Here are the challenges—and opportunities—facing multifamily property owners. Electric vehicle (EV) adoption is skyrocketing despite tales of falling demand. By 2030, EV sales will reach almost 45 million and are expected to reach close to 65 million in 2035.
Transitioning to EVs is a positive step toward sustainability, but there’s a significant bottleneck: drivers face challenges charging where they need to most, at home. An NMHC survey revealed that 83% of EV owners prefer to charge at home.
However, for those living in multifamily dwellings—apartments, condos, and townhomes, which account for 31.4% of all U.S. housing—there is a lack of EV equity and significant friction in their EV charging experience.
The Problem for Property Owners
Unlike single-family home residents, who can charge their vehicles without hassle, multifamily dwellers rely on their property owners to provide EV charging stations. To outfit a multifamily property with adequate EV charging capabilities, property owners face several challenges:
Current Chargers Don’t Support Driver Behavior
Convenience: Drivers want the convenience of charging their EVs at home just like they charge their phones. They expect to get home, plug in their EV, start the charge session, and get on with their lives. However, this is far from the reality for multifamily home residents. These properties often have only one or two standard charging stations, which must be increased to meet the demand.
EV Musical Chairs: This shortage of chargers’ forces residents to play a frustrating game of musical cars. They frequently must interrupt their dinner or sleep to move their vehicles to allow another resident to use the charger. Also, many apartments impose idle fees ranging from $20 to $50 if residents leave their cars idle at the charging station after charging is complete.
Broken Cables: Standard charging stations also come with cables that are prone to breaking. When these cables break, it can take days or weeks for the EV charging company to send a maintenance crew to fix or replace them. Additionally, many EV charging companies charge a monthly fee for using a charger, regardless of usage. Residents who are on vacation or not driving much still must pay the recurring monthly fee.
EV Charging Infrastructure: What Building Owners Need to Know
The rapid adoption of electric vehicles is putting unprecedented strain on our electrical grid, which has yet to see significant innovation since Edison's time. As we move towards greater EV adoption, the way we charge our electric vehicles needs to evolve significantly.
Here are a few key considerations building owners should be aware of when thinking about adopting EV charging for their premises:
The Future: Closing the Gap
The surge in electric vehicle adoption reveals a critical shortfall in at-home charging infrastructure, particularly in multifamily buildings. Addressing the challenges of high costs, limited energy capacity, ongoing maintenance, and regulatory compliance is critical to meeting the growing demand for multifamily residential EV charging solutions in an energy efficient way.
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