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</div> <h1 class="entry-title">10 Benefits of Adding EV Chargers to Your Multi-Unit Dwelling (MUD)</h1><p style="text-transform: uppercase; margin: 6px 0 0 0; font-size: 90%; font-weight: 600;" class="entry-title-date">October 27, 2022</p> </div> </header> <div class="post-inner thin "> <div class="entry-content"> <div class="wpsso-pinterest-image" id="pin-it-post-167_type-post" style="width:0;height:0;display:none !important;"><img src="https://evchargingsummit.com/blog/wp-content/uploads/2022/10/Featured-Image-1200x800.jpg" width="0" height="0" class="skip-lazy" style="width:0;height:0;" alt="" data-pin-description="Here are ten benefits MUDs can immediately gain from adding EV charging infrastructure for their properties." /></div><p><span style="font-weight: 400;">With experts predicting that at least </span><a href="https://www.cnbc.com/2018/05/30/electric-vehicles-will-grow-from-3-million-to-125-million-by-2030-iea.htm"><span style="font-weight: 400;">125 million EV drivers</span></a><span style="font-weight: 400;"> will regularly travel American roads and highways by 2030, electric vehicle charging infrastructure will become critical, instead of just an attractive amenity, for landlords, employers, and retailers alike.</span> <p><span style="font-weight: 400;">There’s a lot of talk about adding EV chargers to multi-unit dwellings (MUDs). Three simple truths erase any doubt that these are needed:</span> <ul> <li style="font-weight: 400;" aria-level="1"><a href="https://www.business-standard.com/article/international/4-2-mn-evs-sold-in-first-half-of-2022-globally-china-leads-report-122081200470_1.html#:~:text=Over%20413%2C000%20EVs%20were%20sold,Jones%2C%20VP%20and%20chief%20analyst."><span style="font-weight: 400;">413,000</span></a><span style="font-weight: 400;"> EVs were sold in the U.S. during the first half of 2022 alone; by 2030, they will represent nearly half (</span><a href="https://www.protocol.com/bulletins/ev-adoptions-rosiest-forecast-yet"><span style="font-weight: 400;">47%</span></a><span style="font-weight: 400;">) of all vehicles sold in the U.S. annually.</span></li> <li style="font-weight: 400;" aria-level="1"><a href="https://www.cdc.gov/tobacco/basic_information/secondhand_smoke/going-smokefree-matters/multi-unit/index.html"><span style="font-weight: 400;">80 million Americans</span></a><span style="font-weight: 400;"> live in multi-unit buildings (including half of all California residents)</span></li> <li style="font-weight: 400;" aria-level="1"><a href="https://www.greencarreports.com/news/1131168_study-suggests-ev-drivers-are-more-satisfied-with-wall-chargers-vs-mobile-cords#:~:text=Of%20EV%20owners%20surveyed%2C%2088%25%20said%20they%20charged,2%20portable%2C%20and%20Level%202%20permanently-mounted%20charging%20stations."><span style="font-weight: 400;">88% of EV owners</span></a><span style="font-weight: 400;"> charge their vehicle primarily at home</span></li> </ul> <p><span style="font-weight: 400;">MUD residents need access to on-site charging facilities to help meet </span><a href="https://www.c2es.org/document/pathways-to-2050-scenarios-for-decarbonizing-the-u-s-economy/"><span style="font-weight: 400;">America’s decarbonization goals</span></a><span style="font-weight: 400;">. In determining the why, what, and where of on-site charging stations, MUD owners and managers need to consider the user experience of EV owners.</span> <p><span style="font-weight: 400;">Here are ten benefits MUDs can immediately gain from adding EV charging infrastructure for their properties.</span> <p><img decoding="async" class="aligncenter wp-image-169" src="http://evchargingsummit.com/blog/wp-content/uploads/2022/10/Image-1.jpg" alt="" width="500" height="367" data-wp-pid="169" srcset="https://evchargingsummit.com/blog/wp-content/uploads/2022/10/Image-1.jpg 960w, https://evchargingsummit.com/blog/wp-content/uploads/2022/10/Image-1-300x220.jpg 300w, https://evchargingsummit.com/blog/wp-content/uploads/2022/10/Image-1-768x564.jpg 768w" sizes="(max-width: 500px) 100vw, 500px" /> <p><i><span style="font-weight: 400;">EV Charging Space (<a href="http://pixabay.com">Pixabay.com</a>)</span></i> <h3><span style="font-weight: 400;">1. Sustainability Incentives Can Offset EV Charging Station Equipment Costs</span></h3> <p><span style="font-weight: 400;">If cost is a barrier, MUDs can access local, state, and federal sustainability programs that use rebates and incentive programs to help offset the equipment acquisition cost you will incur. California utilities, for example, have approved about $240 million in funding since 2016 to build EV-make-ready infrastructure for multifamily properties. </span> <ul> <li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">The U.S. Department of Transportation and the U.S. Department of Energy is investing at least </span><a href="https://highways.dot.gov/newsroom/president-biden-usdot-and-usdoe-announce-5-billion-over-five-years-national-ev-charging"><span style="font-weight: 400;">$5 billion over the next five years</span></a><span style="font-weight: 400;"> to create a </span><a href="https://www.cnbc.com/2022/09/27/ev-charging-stations-on-highways-dot-approves-50-states-plans.html"><span style="font-weight: 400;">500,000-station national EV charging network by 2030</span></a><span style="font-weight: 400;">. The legislation also encourages EV charging stations in multi-unit dwellings, public parking lots, and along national highways and roadways. </span><span style="font-weight: 400;">Funding for the first EV projects under this legislation began in September 2022.</span></li> <li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">The federal government also provides the </span><a href="https://www.irs.gov/forms-pubs/about-form-8911"><span style="font-weight: 400;">Alternative Fuel Vehicle Refueling Property Tax Credit</span></a><span style="font-weight: 400;">, which creates a 30% offset (up to $30,000 maximum) against the cost of installing charging stations.</span></li> <li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">45 states and the District of Columbia provide some EV infrastructure incentives through rebates, tax credits, or emission testing exemptions.</span></li> <li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">The U.S. Department of Energy’s Alternative Fuels Data Center provides a convenient search tool for </span><a href="https://afdc.energy.gov/laws/search?loc[]=US&loc[]=AL&loc[]=AK&loc[]=AZ&loc[]=AR&loc[]=CA&loc[]=CO&loc[]=CT&loc[]=DE&loc[]=DC&loc[]=FL&loc[]=GA&loc[]=HI&loc[]=ID&loc[]=IL&loc[]=IN&loc[]=IA&loc[]=KS&loc[]=KY&loc[]=LA&loc[]=ME&loc[]=MD&loc[]=MA&loc[]=MI&loc[]=MN&loc[]=MS&loc[]=MO&loc[]=MT&loc[]=NE&loc[]=NV&loc[]=NH&loc[]=NJ&loc[]=NM&loc[]=NY&loc[]=NC&loc[]=ND&loc[]=OH&loc[]=OK&loc[]=OR&loc[]=PA&loc[]=RI&loc[]=SC&loc[]=SD&loc[]=TN&loc[]=TX&loc[]=UT&loc[]=VT&loc[]=VA&loc[]=WA&loc[]=WV&loc[]=WI&loc[]=WY&tech[]=ELEC&tech[]=PHEV"><span style="font-weight: 400;">federal and state incentives available in your area</span></a><span style="font-weight: 400;">.</span></li> </ul> <p><span style="font-weight: 400;">By taking advantage of these programs, MUDs can realize near-term cost savings and ensure they are ready for future EV charging mandates.</span> <h3><span style="font-weight: 400;">2. EV Charging Stations Enhance Your Property’s “Green” Image and Commitment to Sustainability</span></h3> <p><span style="font-weight: 400;">Vehicles classified as medium- and heavy-duty make up </span><a href="https://r.search.yahoo.com/_ylt=AwrNYvoNcFBjfKMDBN9XNyoA;_ylu=Y29sbwNiZjEEcG9zAzYEdnRpZANMT0NVSTA1NV8xBHNlYwNzcg--/RV=2/RE=1666244750/RO=10/RU=https%3a%2f%2fwww.ucsusa.org%2fresources%2fcars-trucks-buses-and-air-pollution/RK=2/RS=oowsT2KNG6_D4runOvCp_YdyDMU-"><span style="font-weight: 400;">about 5% of all cars on the road</span></a><span style="font-weight: 400;"> but generate nearly 30% of carbon dioxide emissions. </span> <p><span style="font-weight: 400;">In comparison, EV cars use rechargeable, efficient lithium-ion batteries that produce less pollution, last 8-10 years, and don’t produce carbon dioxide emissions.</span> <p><span style="font-weight: 400;">Why does that matter for MUD owners and managers? Your company is showing its support for environmental, social, and governance (ESG) responsibilities. By supporting EVs, you are being eco-friendly and helping make the world better for current residents and future generations.</span> <h3><span style="font-weight: 400;">3. EV Charging Stations Give Your Property a Competitive Advantage</span></h3> <p><span style="font-weight: 400;">The demographics of those who own and drive EVs are perfect for those who want to attract tenants to their MUD properties. </span> <ul> <li style="font-weight: 400;" aria-level="1"><a href="https://www.truecar.com/blog/which-generation-is-going-green/"><span style="font-weight: 400;">TrueCar</span></a><span style="font-weight: 400;"> estimates that Gen X’ers (born 1965 to 1980) and Millennials (born 1981 to 1996) currently represent 75% of EV buyers. These generations are key demographic targets for MUD owners and managers. </span></li> <li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">The state with the highest EV penetration, </span><a href="https://www.remmgroup.com/wordpress/add-ev-charging-stations-to-multifamily-community/"><span style="font-weight: 400;">California</span></a><span style="font-weight: 400;">, already mandates that 3% of all new parking spaces be “make-ready” for EV charging. You can differentiate and add value to your MUD community by installing EV charging years ahead of everyone else.</span><span style="font-weight: 400;"><br /> </span></li> <li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Studies show that onsite charging can make a difference in an EV driver’s decision to move into or remain in a particular property.</span></li> </ul> <p><span style="font-weight: 400;">Offering unique amenities gives your site an advantage with new and prospective tenants. EV charging is a cutting-edge amenity that’s rapidly becoming a competitive necessity. Potential renters see the presence of EV chargers, even if they don’t need them, as evidence of an updated, luxury place to live.</span> <p><img decoding="async" class="aligncenter wp-image-171" src="http://evchargingsummit.com/blog/wp-content/uploads/2022/10/Image-3.jpg" alt="" width="501" height="282" data-wp-pid="171" srcset="https://evchargingsummit.com/blog/wp-content/uploads/2022/10/Image-3.jpg 1000w, https://evchargingsummit.com/blog/wp-content/uploads/2022/10/Image-3-300x169.jpg 300w, https://evchargingsummit.com/blog/wp-content/uploads/2022/10/Image-3-768x432.jpg 768w" sizes="(max-width: 501px) 100vw, 501px" /> <p><i><span style="font-weight: 400;">EV Charging Station at Condos (<a href="http://pluginsites.com">PlugInSites.com</a>)</span></i> <h3><span style="font-weight: 400;">4. EV Charging Stations Allow You to Charge Competitive Rental Fees</span></h3> <p><span style="font-weight: 400;">According to a 2016 study by </span><a href="https://www.multifamilyexecutive.com/property-management/apartment-trends/stat-of-the-week-ev-charging-stations_o"><span style="font-weight: 400;">Multifamily Executive</span></a><span style="font-weight: 400;">, 58% of renters are willing to pay a premium of between $5 and $20 more per month to live in a place that offers EV charging, in addition to any costs they incur for charger usage.</span> <h3><span style="font-weight: 400;">5. EV Charging Stations Show Your Commitment to Tenant Convenience</span></h3> <p><span style="font-weight: 400;">EV owners continually seek places to live, work, and play near charging stations. Although some consider it inconvenient to plan their lives around where EV charging stations are located, it’s much less problematic than running out of power before they run out of errands. As a result, any MUD, commercial building, or retail property with an on-site EV charging station automatically becomes more appealing.</span> <p><span style="font-weight: 400;">By installing EV charging stations on your property, you are showing commitment to the convenience, schedules, and comfort of the EV owners among your tenants. Installing them now, before EV chargers become commonplace, shows that you are committed to being ahead of the curve on tenant-friendly initiatives.</span> <p><img decoding="async" class="aligncenter wp-image-172" src="http://evchargingsummit.com/blog/wp-content/uploads/2022/10/Image-4.jpg" alt="" width="501" height="334" data-wp-pid="172" srcset="https://evchargingsummit.com/blog/wp-content/uploads/2022/10/Image-4.jpg 1000w, https://evchargingsummit.com/blog/wp-content/uploads/2022/10/Image-4-300x200.jpg 300w, https://evchargingsummit.com/blog/wp-content/uploads/2022/10/Image-4-768x512.jpg 768w" sizes="(max-width: 501px) 100vw, 501px" /> <p><i><span style="font-weight: 400;">Tesla Charging Station (<a href="http://pexels.com">Pexels.com</a>)</span></i> <h3><span style="font-weight: 400;">6. EV Charging Stations Create New Revenue Streams</span></h3> <p><span style="font-weight: 400;">EV charging station equipment and management systems allow you to pass EV charging power costs to individual tenants based on their actual usage. You can also add a slight markup, creating a new revenue stream that can become significant over time as EV usage grows.</span> <p><span style="font-weight: 400;">Additionally, by opening your equipment to non-tenants during periods of low tenant usage, you can charge higher markups, expand your revenue stream even more, and become listed in directories of public charging stations, such as those maintained by the </span><a href="https://afdc.energy.gov/fuels/electricity_locations.html#/find/nearest?fuel=ELEC"><span style="font-weight: 400;">U.S. Dept. of Energy</span></a><span style="font-weight: 400;"> and.</span><a href="https://www.chargedfuture.com/public-ev-charging-stations-map/"><span style="font-weight: 400;">Charged Future</span></a><span style="font-weight: 400;">.</span> <h3><span style="font-weight: 400;">7. EV Charging Stations Create Possibilities for LEED Points </span></h3> <p><span style="font-weight: 400;">According to RentCafe, the number of LEED-certified MUDs has </span><a href="https://www.rentcafe.com/blog/rental-market/green-buildings-2018/"><span style="font-weight: 400;">increased by nearly 300%</span></a><span style="font-weight: 400;"> In the past decade. Networked EV charging stations and EV-ready construction can help your multi-unit dwelling earn points toward </span><a href="https://support.usgbc.org/hc/en-us/articles/4404406912403-What-is-LEED-certification-"><span style="font-weight: 400;">LEED certification</span></a><span style="font-weight: 400;">. </span> <p><span style="font-weight: 400;">Earning LEED points in this manner requires that you connect to a network, support time-of-use charging, can accommodate Level 2 or faster charging, and are compatible with universal charging connectors.</span> <p><span style="font-weight: 400;">In addition to points for the infrastructure, buildings can earn LEED certification points when at least 10% of occupants use EVs or other alternative transportation. LEED certification may also provide</span> <a href="https://www.usgbc.org/articles/good-know-green-building-incentive-strategies-0"><span style="font-weight: 400;">access to desirable building incentives</span></a> <span style="font-weight: 400;">such as tax credits, grants, expedited review, density and height bonuses, and more.</span> <h3><span style="font-weight: 400;">8. EV Charging Stations Increase Investor Interest </span></h3> <p><span style="font-weight: 400;">Increasingly, people are buying apartments and condos for rental income purposes rather than as their primary residence. Many real estate investment trusts (REITs) also depend heavily on rental income from real estate portfolios.</span> <p><span style="font-weight: 400;">Real estate investors are looking for properties that offer the latest upgrades and amenities, as these appeal to long-term tenants. Demand by tenants for amenities such as onsite EV charging stations is </span><a href="https://fortune.com/2022/10/25/apartment-renters-face-unexpected-problem-more-buy-evs-no-garage-where-charge/"><span style="font-weight: 400;">growing rapidly</span></a><span style="font-weight: 400;">.</span> <p><img loading="lazy" decoding="async" class="aligncenter wp-image-174" src="http://evchargingsummit.com/blog/wp-content/uploads/2022/10/Image-5-1.jpeg" alt="" width="500" height="375" data-wp-pid="174" srcset="https://evchargingsummit.com/blog/wp-content/uploads/2022/10/Image-5-1.jpeg 1000w, https://evchargingsummit.com/blog/wp-content/uploads/2022/10/Image-5-1-300x225.jpeg 300w, https://evchargingsummit.com/blog/wp-content/uploads/2022/10/Image-5-1-768x576.jpeg 768w" sizes="auto, (max-width: 500px) 100vw, 500px" /> <p><i><span style="font-weight: 400;">EV Charging Station (Pexels.com)</span></i> <h3><span style="font-weight: 400;">9. EV Charging Stations Increase Property Value</span></h3> <p><span style="font-weight: 400;">On-site EV charging stations can also increase your market valuations. Studies reflect a consistently positive impact of eco-friendly initiatives on valuations, profits, and reputation in the marketplace.</span> <p><span style="font-weight: 400;">According to a study by </span><a href="https://www.realtor.com/research/tag/ev/"><span style="font-weight: 400;">Realtor.com</span></a><span style="font-weight: 400;">, areas with high numbers of EV charging stations feature higher home prices. In California, for example, a considerable EV market, apartments can </span><a href="https://cyberswitching.com/ev-charging-station/apartments-and-condos/"><span style="font-weight: 400;">increase their property value by up to 1.5 times</span></a><span style="font-weight: 400;"> more than the surrounding metro areas by installing EV charging stations.</span> <h3><span style="font-weight: 400;">10. EV Charging Stations Put You Ahead of Federal, State, and Local Regulations</span></h3> <p><span style="font-weight: 400;">Cities like </span><a href="https://theicct.org/sites/default/files/publications/SF-EV-charging-infra-oct2020.pdf"><span style="font-weight: 400;">San Francisco</span></a><span style="font-weight: 400;">, </span><a href="https://www.dailynews.com/2021/09/28/la-council-calls-for-100-zero-emission-vehicles-to-be-sold-by-2030/"><span style="font-weight: 400;">Los Angeles</span></a><span style="font-weight: 400;">, and </span><a href="https://www.utilitydive.com/news/washington-legislators-again-mandate-100-electric-new-car-sales-by-2030/620303/"><span style="font-weight: 400;">Seattle</span></a><span style="font-weight: 400;"> want to achieve 100% EV sales by 2030. GM and Volkswagen plan to stop selling petroleum-fueled cars altogether by 2035. </span> <p><span style="font-weight: 400;">Governments at the federal and state levels are gradually passing more regulations in support of EVs, such as requiring that a percentage of parking spaces either include EV-ready outlets or have EV chargers installed. </span> <p><span style="font-weight: 400;">Globally, the UK is </span><a href="https://news.yahoo.com/uk-require-homes-ev-chargers-115607345.html?fr=sycsrp_catchall"><span style="font-weight: 400;">requiring EV charging stations in new homes starting this year</span></a><span style="font-weight: 400;"> and wants to ban the sale of petroleum-fueled cars altogether by 2030. More than 120 countries are planning zero-emissions policies, and over 20 countries have announced the complete phase-out of conventional fuel cars within 10-30 years.</span> <h2><span style="font-weight: 400;">In Conclusion</span></h2> <p><span style="font-weight: 400;">The remainder of this decade is critical to achieving manageable, scalable, and ultimately profitable EV charging infrastructure nationwide. MUD owners and managers will reap long-term benefits both now and over the long term from decisions made now to install EV charging stations on their properties.</span> <p><b>To learn more about EV charging infrastructure, join our </b><a href="http://evchargingsummit.com"><b>EV Charging Summit and Expo</b></a><b>.</b> <div class="wpsso-rrssb wpsso-rrssb-content wpsso-rrssb-pos-bottom" id="wpsso-rrssb-content-post-167"><div class="wpsso-rrssb-limit wpsso-rrssb-content-limit" style="max-width:1062px; margin:0 auto;"><div class="rrssb-buttons-cta en_US">Find this content useful? 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