Apartment EV Charging Station Solution
The Apartment EV Charging Station solution is designed to meet the charging needs of residents who own electric vehicles (EVs) in apartments. Fulfilling this need by installing EV chargers in apartments not only attracts residents, but also generates a new revenue stream for the property.
Attract Tenants with Premium EV Charging
Turn Parking Spaces into Profit
EV drivers are ready to pay more for a parking spot with charging options, helping you boost revenue and ROI.
Attract and retain desirable residents
EV charging is a valuable amenity residents rely on, building loyalty and lasting relationships.
Get an excellent ROI.
Now is the best time to invest in EV charging. Generous incentives and subscription pricing make it affordable for any business.
Differentiate your property from competitors.
47% of millennials, 41% of Gen Zers and 38% of Gen Xers want to purchase an EV as their next vehicle.
EV charging for any scenario
Here’s a general overview of EV charging for any scenario, highlighting how versatile EV charging solutions can be applied in different settings:
Community Charging
Best for properties where residents park in different spots daily.
- Enable drivers to easily check station availability or “get in line” to charge.
- Provide shared stations to resident.
- Manage installation and maintenance on your own or RUIHUA can provide this support
- Find out more about DC EV charger.
Assigned Charging
This scenario is ideal for properties where residents have dedicated parking spaces with a shared meter.
- Allow property owner to handle installation and maintenance.
- Set up property owner or driver to pay for charging.
- Assign charging stations to residents.
- Find out why your residents will need charging.
Mixed-Use Charging
Suitable for properties that offer both resident and public charging.
- Share charging between the public and residents.
- Leverage Level 2 AC and DC fast charging.
- Set up charging for any use case or access level.
- Find out more about AC EV Charger.
Easy Software Management
RUIHUA’s software solutions simplify the process of offering EV charging to residents.
- Connect with turnkey building management systems.
- Automatically manage and redistribute energy load across stations.
- Leverage proactive monitoring and full vehicle interoperability.
- Collect data to better understand resident charging experience.
Why EV Charging Stations Are Essential?
Green Apartments Growing Trend:
RentCafe reports that the number of “green” apartments has increased by nearly 300% over the past decade. These figures refer to multi-residential, large-scale buildings that received LEED certification between 2008 and 2018. This suggests that tenants seeking energy efficiency, recycling services, and sustainable building materials are likely to also want commercial EV charging stations for their eco-friendly electric or plug-in hybrid vehicles.
Electric Vehicle Market Growth Expectations:
Expected to overtake sales of Internal Combustion Engine Vehicles (ICEs) by 2040 A BloombergNEF study forecasts that EVs will account for 58% of new car sales by 2040.
Despite the decline in sales of all passenger cars in 2020 due to the epidemic, ICE vehicle sales declined more (23%) relative to EVs (18%).
Apartment EV Charger Installation Investment and Returns:
Installing a commercial electric vehicle charging station in a luxury apartment complex is a major investment. It’s important to find the right partner to install and manage your charging station, who can help you utilize rebates and incentives to keep costs down and adopt the right strategies to attract environmentally conscious EV drivers to your multi-unit dwellings (MUDs).
Benefits of installing an apartment EV charging station:
- Differentiate from the competition: by offering a service that many Americans seek today, you can make your apartment complex stand out from neighboring buildings.
- ATTRACT MATURE AND HIGHLY EDUCATED TENANTS: More than 66 percent of EV purchasers are between the ages of 30 and 59, and an additional 22.4 percent of EV owners are 60 and older. In addition, 70% of EV owners have a four-year or graduate degree. If you’re looking to attract highly educated, financially stable individuals and families to your luxury multi-unit home, commercial EV charging stations may help.
- Retaining tenants: research from CarMax and CleanTechnica shows that 84 percent of EV owners charge their car or SUV at home. Nearly 65 percent of EV owners say they plan to keep their vehicle for at least four years, and slightly more than 21 percent say they will keep it for more than nine years. If you provide tenants with convenient charging options, they may stay in your complex.
- Get state incentives: some states offer incentives for installing EV charging stations, which can further enhance the economic viability of solar-powered EV charging stations.
Choose the right partner:
It’s critical to choose the right partner who can not only provide installation services, but also help you manage the charging station and utilize a variety of subsidies and financial incentives to reduce the initial investment cost. For example, many governments offer subsidies to cover most of the initial investment in solar panels and EV charging stations.
Can I Install an EV Charger at My Apartment?
Yes, you can! Installing an EV charger in your apartment community is easier than you might think. By following these simple steps, you’ll be on your way to providing this valuable amenity for your residents:
Evaluate Your Community’s EV Charging Needs
- Understand why more communities are choosing to invest in EV charging infrastructure.
- Gather insights from your residents about their interest and needs for electric vehicle charging stations.
Consult with an Electrical Professional
- Get in touch with your trusted electrician or email Toby-ev@ruihuaevcharger.com to receive a list of local RUIHUA partners.
- Work with your electrician to discuss necessary upgrades to your electrical service, panel enhancements, and options for future expansion.
Explore Available Incentives
- Review the survey data from your residents alongside the recommendations from your electrician. This will help you assess the immediate and long-term demand for EV charging.
- Pair that with a list of available local incentives to uncover potential cost savings for your installation.
Get Started with RUIHUA
- Now that you’ve done the groundwork, it’s time to take the next step.
- Contact RUIHUA to begin planning your EV charging installation and start benefiting from this valuable addition to your community.
Incentives allow EV charging at any property
Canada’s federal and provincial clean fuels regulations allow property owners to earn valuable EV charging credits that can be converted into revenue to help fund the installation and expansion of EV chargers at their properties.
Accelerate Your Return on Investment
Take advantage of the billions of dollars in incentives currently available for EV charging in North America to reduce your time to ROI. These programs are designed to help offset the initial costs of installing EV chargers, making the transition to electric vehicle infrastructure more affordable.
Maximize Your Incentives with the Right Equipment
Choosing networked EV chargers from RUIHUA ensures you’re eligible for the majority of federal, provincial, and regional incentives. It’s an easy way to ensure your property meets the requirements for financial support and qualifies for the best deals.
Get the Full Picture on Available Incentives
With 15+ years of experience in the EV charging industry, our team knows the ins and outs of government programs. We help you claim every dollar you’re entitled to, ensuring you don’t leave any money on the table.
