Question 1

How do I know if my property is able to host electric car charging stations or outlets?

Accepted Answer

An assessment of the property’s existing electrical infrastructure must be conducted by a qualified electrician with a deep knowledge of EV charging requirements. REVS can provide a proposal for such assessment.

Question 2

How many car charging stations and/or outlets does my property need?

Accepted Answer

Today, every multifamily property should have no less than two charging stations coupled with a comprehensive plan to grow the number of stations as EV adoption occurs over time.  REVS can analyze your property level demographics and infrastructure to develop both a near team and long term plan to address the resident needs. Looking to the future when full EV adoption has occurred, a good rule of thumb is having an EV charging station count equivalent to 10% of the total parking spaces.

Question 3

I have multiple properties that need EV charging stations.  Is there a way to prioritize which to address first?

Accepted Answer

REVS can address both individual property needs and develop portfolio level strategies for installing EV charging stations.  There are many factors involved and often many decision makers within the ownership structure who weigh in. REVS can provide guidance and expertise to facilitate informed decisions at every level of the process.

Question 4

What are the advantages of hosting Electric Vehicle (EV) charging stations on my property?

Accepted Answer

1. First and foremost, charging stations will help attract and retain residents.  One new or retained resident will usually pay for the entire cost to set up one charging station. 	2. The charging stations will generate revenue for the property. 	3. The property will need charging stations to remain competitive, as more and more multi-family tenants will be driving Electric Vehicles as that is all that the manufacturers will be making.

Question 5

Is installing Electric Vehicle (EV) charging stations for my property necessary?

Accepted Answer

Nearly every major car company has announced certain dates when they’re going to stop developing internal-combustion engines, most between 2030 and 2040. Some have already stopped.  Properties that do not offer EV charging will be hard hit with increased turnover and vacancy loss.  Some already are. EV charging is no longer an amenity, it is a necessity.  In addition, the revenue generated from the charging stations can be accretive to the property NOI.

Question 6

What if I do not have the capital in my annual operating budget to purchase an EV charging station?

Accepted Answer

Let REVS evaluate your specific property to determine your options.  There may be grants and subsidies available to substantially offset the cost and many utilities have mandates to contribute electrical infrastructure upgrades to grow the charger market. Additionally, most lenders will allow funding out of capital improvement escrow accounts to establish EV charging stations.

Question 7

How do I start the process of installing electric car charging stations in my apartment building, townhome and/or office building?

Accepted Answer

Call or email REVS with your site address, site contact and we will schedule a site survey at your earliest convenience.

Question 8

Why select REVS over a manufacturer?

Accepted Answer

REVS is a solutions company geared toward serving multi-family with the best products and charging experience for their residents and software for the owners. We are not tied to one manufacturer, we deliver the best solution for the property.

Frequently Asked Questions