Electricity is on track to become the dominant fuel for moving people and goods around the world.

 

As electric vehicles (EV) ownership increases, drivers will want to charge their vehicles at home. Often, that will be in the apartment buildings where they live. EV-driving residents have many choices and will choose the apartment communities that offer amenities they want and/or need—and evidence suggests they are willing to pay for it.

 

In fact, 59% of respondents to a recent AMLI survey said they would pay more to live in a “green or sustainable community.”

 

That means home charging will be essential as EVs continue to become mainstream. Making your property EV-ready attracts higher paying residents, thereby increasing average rents, occupancy rates and, ultimately, property value