As EVs continue to rise in popularity, multifamily housing (MFH) residents increasingly want to charge them at home. For MFH property owners and managers, installing and operating EV charging stations presents a unique set of hurdles.
We will explore these challenges and how AmpUp can make EV charging for multifamily housing easier, more efficient, and beneficial for everyone.
The US EV market is on a fast upward trend. The US market posted record EV sales in 2023 and 2024, which is expected to continue in 2025, Electrek reported earlier this month. Cox Automotive predicts that EVs will account for approximately 10% of the market total in the year ahead, up from roughly 7.5% in 2024. As more people adopt EVs, there's growing pressure on property managers to provide convenient charging options for residents. Renters make up over a third of all US households, and a significant number of them – nearly two-thirds – live in multifamily housing. As a result, many cities are grappling with a significant charging gap, especially in multifamily units, where charging infrastructure lags behind the growing demand.
Providing charging options in these settings is essential. It aligns with sustainable practices and helps meet tenant demand, as over 90% of EV drivers prefer to charge their vehicles overnight at home. Yet, despite this growing need, multifamily property owners and managers face multiple barriers to installing and operating these charging stations.
Attract and retain tenants. With more people choosing EVs, properties that offer convenient charging options stand out. This can attract new residents and retain existing ones by providing an amenity they increasingly expect.
Boost rent potential. Offering EV charging stations can increase your property’s rental income. Renters are willing to pay a premium for future-focused amenities like EV charging, making it a worthwhile investment.
Unlock new revenue streams. Property owners can generate additional revenue by monetizing parking spaces with EV chargers, turning parking into a valuable, income-generating asset.
Enhance property value. Installing EV chargers boosts your property’s value by making it more attractive to EV drivers who rent and aligning with broader sustainability trends.
Meet sustainability goals. EV charging infrastructure helps properties meet their sustainability targets, showcasing their commitment to green living – a priority for many renters today.
Limited electrical capacity. Most multifamily buildings weren’t built with EV charging in mind. Many properties face the challenge of limited electrical infrastructure, making it difficult to add charging stations without costly upgrades.
High installation costs. Installing charging stations can be expensive, particularly in older buildings with outdated infrastructure. The upfront cost often includes upgrading the electrical system, chargers, labor costs for installation, and permitting.
Parking space constraints. Space allocation is a challenge for multifamily properties, especially when shared parking spots need to be converted into EV charging stations. Balancing space for EV chargers while keeping enough parking for all residents isn’t easy.
Billing and usage complexity. Billing for shared amenities like EV chargers can be challenging. Property owners need efficient ways to track usage and recover costs, especially in shared parking scenarios.
Future-proofing. The growing adoption of EVs means charging demand will only increase. Property managers must plan for the future to avoid costly overhauls every time more residents get EVs.
AmpUp understands these challenges and provides a suite of solutions specifically designed for multifamily housing properties.
Here’s how we can make EV charging hassle-free:
Smart infrastructure solutions. AmpUp's smart EV charging technology is built to overcome infrastructure challenges with features like Dynamic Load Management. This allows smart EV chargers to distribute available electrical power across multiple charging stations, avoiding costly grid upgrades and ensuring charging stations don’t overload the building complex’s capacity.
Cost mitigation through incentives. The cost of installing EV chargers can be a deterrent, but AmpUp helps access the incentive programs available to help lighten the financial burden of installation.
Efficient space utilization. Our reservation systems and efficient queue management mean that shared EV chargers can be used effectively, maximizing the value of each charger. AmpUp offers flexible pricing and idle fee management to keep charging fair and accessible, even in properties with limited parking.
Seamless billing and data insights. Integrated billing features ensure easy cost recovery, with payment systems linked directly to individual usage. AmpUp’s smart platform also provides valuable data insights for property managers, helping them plan future expansions and optimize energy use. This means better control over energy costs and less guesswork about future needs.
Scalability for the future. AmpUp offers scalable solutions to future-proof your property. Whether you need a few chargers now with the potential to add more or a combination of shared and dedicated chargers, AmpUp makes it easy to expand as demand grows. Our hardware-agnostic approach means you’re not locked into one type of charger – you can choose from a range of certified hardware providers.
AmpUp makes EV charging simple, reliable, and scalable. Our solutions come with advanced access and pricing controls, a 99.9% uptime guarantee, and comprehensive support for property managers.
With features like remote diagnostics, integrated billing, and load balancing, AmpUp is the ideal partner to bring EV charging to your property.
Ready to get started? AmpUp can help you every step of the way – from planning and installation to management and support. Let’s electrify your multifamily housing together.
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