EV Charging Blogs

Why EV Charging is Becoming a Must-Have for Multifamily Properties

Written by the #GreenTeam | May 20, 2025 4:45:00 PM

As electric vehicle (EV) adoption surges across North America, multifamily properties—from apartments to condos—are at the center of a fast-growing infrastructure need: accessible, reliable EV charging. What was once considered a nice-to-have amenity is quickly becoming a necessity for attracting and retaining residents. If you manage or own multifamily real estate, now is the time to future-proof your property.

🚗 EV Adoption is Accelerating—Fast

The demand for electric vehicles has exploded. In the U.S. and Canada, EV registrations have increased by more than 300% over the past five years, and federal and state/provincial policies continue to drive that growth. But while EVs are on the rise, charging infrastructure hasn’t kept pace—especially for renters and condo owners.

More than one-third of EV drivers live in multifamily buildings, yet most of these buildings don’t offer reliable access to charging. That gap presents a clear opportunity for property owners and developers to add value and increase long-term competitiveness.

🏙️ Why Multifamily Properties Need Charging Stations

Here’s why installing EV chargers isn’t just a sustainability play—it’s a smart business move:

  • Attract high-value tenants: EV drivers tend to be early adopters, tech-savvy, and environmentally conscious—traits highly sought after in renters and buyers.

  • Increase property value: EV charging capability is now considered a premium amenity, on par with fitness centers and in-unit laundry.

  • Stay compliant with regulations: Many local governments now require EV infrastructure in new construction and renovations.

  • Access to rebates: Generous federal, state, and utility-funded incentives make installation far more affordable than you might think.

 

🔌 Common Challenges (And How to Solve Them)

Multifamily EV charging does come with hurdles—but they’re solvable with the right strategy and partners.

  • Limited electrical capacity: Dynamic load management systems and shared charging configurations can reduce demand on existing infrastructure.

  • Resident billing: With smart charging platforms, it’s easy to set user access, track usage, and bill residents fairly.

  • Parking allocation: Flexible installation options—like pedestal or wall-mounted units—can adapt to both assigned and shared parking setups.

💡 TurnOnGreen’s Approach to Multifamily Charging

At TurnOnGreen, we’ve designed our EV chargers specifically with multifamily use cases in mind:

  • Flexible installation: Single or dual port, wall or pedestal-mounted

  • Smart access control: RFID, app-based, or dashboard access for tenants

  • Revenue generation: Property managers can set pricing and generate revenue from public or resident use

  • Rebate navigation: We’ll help you identify and apply for local and state incentives

 

✅ Future-Proof Your Property

With EV adoption only accelerating, properties without charging risk being left behind. Whether you’re building new or upgrading an existing site, EV charging is more than an amenity—it’s a requirement for staying competitive.