Current Trends, Future Gains: 6 Benefits of Installing EV Chargers in Condos and Apartments
As the automotive industry steers towards a more sustainable future, the landscape of transportation is undergoing a dramatic shift. A significant milestone is looming on Canada's horizon, as new regulations proposed by Environment Minister Steven Guilbeault are set to reshape the country's automotive landscape. By 2026, a remarkable one-fifth of all passenger cars, SUVs, and trucks sold in Canada will be required to operate on electricity. These numbers underscore the importance of embracing electric vehicles (EVs) and the necessity of accessible charging solutions.
With EV adoption gaining momentum, the installation of EV chargers in condos and apartments offer an array of compelling benefits that extend well beyond convenience. Let's delve into six significant advantages that EV chargers bring to condos and apartments, aligning with Canada's ambitious roadmap toward an electric future.
1. Future-Proof Your Property
In line with Canada's forward-looking plan for electric vehicle adoption—projecting 60% of vehicle sales to be electric by 2030 and a complete transition by 2035—properties that embrace EV chargers today position themselves strategically to meet future mobility demands. By displaying adaptability and foresight, these installations ensure that spaces remain relevant and attractive.
2. Retain & Attract Residents
In a future where EVs claim a significant portion of the automotive market, accessible charging is paramount. Installing EV chargers in your strata or apartment building ensures all residents have a reliable and convenient place to charge. No more searching for public charging stations—residents can conveniently charge their EVs right at home. This convenience boosts tenant satisfaction and attracts new residents, enhancing your property's appeal.
3. Stay Competitive with New Properties
Municipal governments are leading the charge in shaping the EV charging landscape. Vancouver, BC, for instance, has amended Bylaw 10908 to mandate EV-ready parking stalls in both new and existing buildings. In the city of Richmond, BC, Bylaw 8500 has required that all parking spaces in new buildings constructed after April 2018, must have outlets capable of Level 2 charging. Similar bylaws are showing up across Canada; it is critical to stay updated with these municipal requirements. Whether your property is well-established or newly built, recognizing the significance of EV chargers is key to remaining competitive.
4. Meet Sustainability Commitments
EV charging facilities in condos and apartments actively support Canada's eco-friendly automotive transition, engaging residents in emission reduction and sustainable living. This alignment extends to industry benchmarks such as BOMA BEST®. Installing ample EV charging stations displays your environmental dedication and aids in obtaining BOMA BEST® certification, a competitive edge for attracting and retaining tenants.
5. Install EV Chargers at Zero Cost
HoneyBadger offers a pioneering zero-cost solution to condos, apartments, and other types of properties. Our EV charging solution comes completely free; we cover every cost, including infrastructure upgrades, charger installation, parking stall design, and even the hardware and software. Our approach enables condo and apartment managers to integrate EV chargers seamlessly, without any financial burden.
6. Boost Your Property Value
In an increasingly competitive real estate landscape, properties equipped with EV chargers gain a distinct advantage. With the rising adoption of EVs, the demand for residences with charging infrastructure is on the upswing. Installing EV chargers raises property value and heightens the attraction for potential buyers and renters alike.