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Tune into The Amped EV Podcast's latest episode, "Navigating the Untapped Potential of Multifamily EV Charging." David Sickels sits down with our Founder & CEO, David Aaronson, to discuss how REVS is helping the multifamily sector navigate the ins and outs of the EV charging infrastructure and the advantages of installing just one EV charging station.
In this episode of The Amped EV Podcast, Aaronson goes over:
Reasons why it might be a good idea to have charging available for tenants
How to know if your property is ready to install EV charging
How far in advance to start the project
How to future-proof your charging infrastructure
If you're an EV owner, you'll want easy access to a charging station at home. However, about a third of the U.S. population rented the space where they lived in 2021. That complicates things and slows EV adoption rates across the board. But, where there are problems, so too are opportunities. "If you figure on average, even if the rent is $1,500 a month, that's $18,000 a year in rent that that one tenant brings you because they came to your apartment property. They pay you $18,000 a year because you have a charging station," says Aaronson. "Now, the value of that $18,000 at a 5% cap rate is $300,000, $350,000. So, you've created that much value with that one tenant."