Benefits of Implementing an EV Strategy in your Apartment Block

There are many reasons why implementing an EV strategy for your apartment block can be beneficial for your business, as well as tenants. If you’re an apartment block owner, keep reading to discover the 8 benefits of implementing an EV strategy. 

8 benefits of implementing an EV strategy for apartment blocks

1. Increase appeal for tenants – having an EV charger in place is one box ticked for an EV driver when considering where to rent.
2. Aesthetics – keep the aesthetics of your car park intact by carrying out the infrastructure and installations now rather than later, avoiding the risk of multiple installers creating cable runs with a veritable ‘cat’s cradle’ of cabling across the car park.
3. Power balancing – More important than the aesthetics of a car park, is if a tenant independently accesses a share of the communal power supply for their own charger. This denies other residents the chance to access that section of the overall power in future.
4. Government funding – The UK government are consistently backing EV charge point installation, as we continue to see an increase in EV ownership. Installing charge points now with the available funding support will help save on costlier solutions in future.
5. Reliable revenue generator – depending on how the payment system and monetisation strategy are set up, EV chargers can be fully monetised and run as a recurring revenue driver.
6. Reduced fire risk – getting the right infrastructure in place will ensure the car park is not at risk of fire, which is particularly relevant in underground car parks.
7. Convenience for residents – Residents who have visitors in EV cars will be able to offer the facility for people visiting or staying with them, rather than them being forced to use the public network.
8. Eco-friendly solution – providing more sustainable and eco-friendly solutions for any situation is worth considering, as it is just better for the planet. EV charging is no different.

Getting started

If you’re interested in installing residential EV charge points at your apartment block, get in touch with the eFaraday team. We’ll be able to guide you through the process and also provide free quotes to all our customers. Call us on 0330 002 1154 or contact us online here.