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March 30, 2022

The Charge for EV-Readiness at Multifamily Properties

By Patrick Lorimer

NOW IS THE TIME FOR MULTIFAMILY PROPERTY OWNERS, MANAGERS, AND DEVELOPERS TO GET EV-READY.

By 2030, over one-third of U.S. auto sales could be electric vehicles (EV). Fueled by growing consumer awareness of environmental issues and escalating gas prices, the exponential growth of EV use means that now is the time for multifamily property owners, managers, and developers to get EV-ready. Studies indicate that 85% of EV charging happens at home, so EV charging must be accessible for multifamily dwellers. To keep pace with the market and comply with a growing number of state and municipal building codes, multifamily properties must have EV-ready parking spaces; the question is not when but how.

In this GlobeSt. article, Pat Lorimer discusses important considerations for multifamily owners, managers, and developers as they begin their EV-readiness projects.

Click here to read the article.

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