94% of Property Decision Makers Say EV Charging Is Essential. Where Does Your Property Stand?

A new survey of more than 200 Commercial Real Estate decision makers just confirmed what many property owners have been sensing: EV charging is no longer a nice to have. It's essential infrastructure.

BTC Power's State of EV Charging survey polled leaders across retail, hospitality, corporate campuses, and multifamily housing. The results paint a clear picture of where the industry is heading and what it means for property owners who haven't made the move yet.

The Numbers Tell the Story

94% of organizations say EV charging has become essential to how they operate and compete.

Not helpful.

Not promising.

Essential.

And they're backing it up with investment. 97% plan to increase their EV charging spending, with 66% saying they're very likely to boost their budget. This isn't a wait and see market anymore.

Perhaps the most telling stat: 99% agree that EV charging represents a competitive advantage for their organization. When nearly every decision maker in the room calls something a competitive advantage, the ones without it are at a disadvantage.

Why Decision Makers Are Choosing Full Service Partners

The survey found that 60% of decision makers prefer a full service partner that handles everything from planning through ongoing support. Only 17% prefer a hardware only provider.

This makes sense. As the market has matured, property owners have learned that buying chargers is the easy part. The real challenge is getting the right equipment for your property, navigating grants and incentives, handling installation, and keeping everything running smoothly after day one.

Performance and reliability now outrank cost as the top reasons decision makers switch vendors. The cheapest option isn't winning. The most reliable one is.

What's Driving Adoption

Customer demand tied with environmental sustainability at 46% as the top driver of EV charging adoption, ahead of revenue generation (36%) and fleet transition (32%).

Your residents, guests, and tenants are asking for EV charging. And for properties in the multifamily and hospitality space, meeting that demand isn't just about sustainability. It's about staying competitive, attracting quality tenants, and adding real value to the property.

Federal tax credits, NEVI funding, and utility incentives continue to influence 61% of deployment plans, while state incentives affect 58%. The funding landscape for EV charging remains strong, and qualifying properties can often install charging at zero upfront cost.

What This Means for Your Property

If your property doesn't have EV charging yet, the window to get ahead of the curve is closing. Nearly every property decision maker sees it as essential, and the vast majority are increasing their investment.

The good news? You don't have to figure it out alone. Working with a full service partner who handles equipment selection, installation, grants, and ongoing operations means you can add this amenity without the headache.

Ready to explore what EV charging looks like for your property? Contact REVS for a customized proposal.