EV charging for condo and townhouse complexes is no longer a nice-to-have perk. Many property owners, managers, and HOAs I've spoken with have taken a wait-and-see attitude regarding charging. It's reasonable that they're concerned. EVs are still uncommon in many locations, thus recruiting the odd (high-value) EV motorist may appear dangerous and not worth the effort. However, with transportation electrification becoming a foregone fact and governments rapidly demanding EVSE infrastructure, what previously appeared like a safe investment is becoming an expensive gamble. Fortunately, we've been doing this for a long and have figured out how to make electric vehicle charging accessible and reasonable for any multi-family property.
E-Mobility Isn't Just a Trend or comfort anymore
We know e-mobility is here to stay, with 1.3 billion electric kilometres travelled and 51 million charging sessions delivered on the ChargePoint network in the last decade. Automakers are in agreement. In the following decade, major automobile manufacturers intend to invest hundreds of billions of dollars in battery electric vehicles (BEVs). It's not just EV charging stations and carmakers that are investing in the electric future. Many states, towns, and utilities provide EV and EV charging incentives to help drivers, companies, and multi-family homes like yours balance their expenses.
Smart investors are leaning toward EV
While ancient beliefs about electric vehicles being unable to compete with EV charging provisions continue in some quarters, the truth is that an EV will always outrun its gas-powered counterpart off the line. EVs stand out not just in terms of performance, but also in terms of cost of ownership and maintenance. Who will be the first to drive an electric vehicle? Basically everyone. That's why, according to a recent study, 83 percent of respondents indicated they'll buy an EV in the future, while a AAA survey revealed that 50 million Americans want to buy an EV as their next car. That's one out of every five people. I'll pause for a while until the number sinks in.
EV Charging Is Less Expensive Than You Might Think
EV charging may not appear to be as concrete as other resident amenities such as fitness centers and tennis courts—at least not now. That's why we've made offering EV charging to your condo or townhouse residents as simple and economical as possible. ChargePoint as a service, our innovative subscription model, allows you to save money on CapEx by paying for charging out of your regular operational expenditures. You just pay for what you need right now, and your account will expand when the first wave of those 50 million drivers switches from gas to electric vehicles. You can even start accommodating early adopters using Power Management without committing to costly electrical improvements.
Unlike fitness centers and basketball courts, residents will use EV charging once it is available. I've seen it time and time again: when homeowners see their neighbors charging the latest technological marvel outside their unit, they'll want one as well. It's one of the reasons why the number of electric vehicles on Indian roads is expected to treble by 2022, from 1 million currently to 3 million. With the majority of multi-family households prepared to pay a premium to live in a green and serene community, that once-nice-to-have luxury is quickly becoming a must-have requirement.
It is time to buy the finest EV charging provision amenity real estate in Gurgaon, give us a call for your next dream house property listing.
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