5 Reasons to Install EV Charge Points at your Apartment Building

Electric vehicle (EV) ownership is increasing quickly across the UK as drivers look to adopt a more sustainable lifestyle, whilst benefiting from the cost savings EV ownership brings.

According to Zapmap, around 28,000 new electric cars are now being registered every month. And recent data shows that in August 2024, 22.6% of all new car registrations were electric cars.

For the UK’s EV industry as a whole, this is great news. But for residential landlords, increasing demand for charging facilities amongst residents could present a challenge.

The car park conundrum

Getting EV infrastructure into the communal car parks of apartment buildings isn’t straightforward, and many factors need to be taken into account when planning an installation, such as the power capacity on site, balancing the electrical load to avoid power cuts, access and safety. There’s also the question of who’s going to fix the charge points if something goes wrong, and what happens when EV ownership increases and you need more.

With so much to consider, it’s not surprising that many landlords across the country are hesitant to invest in EV charging.

Benefits not barriers

But if you’re a residential landlord, a new funded approach to EV infrastructure for apartment buildings could mean that the benefits of installing EV charge points are now far bigger than the barriers to investing.

And if you choose a fully funded and fully managed solution, you won’t need to cover any installation costs and the charge points will be managed and maintained on your behalf.

Here we look at the 5 top reasons to invest in EV charging infrastructure at your site:

1.  Keep residents happy

Installing EV charging facilities shows your commitment to investing in your site and considering the needs of your residents.

For those who haven’t considered EV ownership to be an option before, you’ll be opening up a whole new world of potential cost savings and sustainable living.

For residents who’ve already chosen to switch to electric but rely on public charge points, installing charging facilities at your site will remove the stress of having to charge when they’re away from home, making your site a lot more convenient for them. And if you choose an EV provider who offers home charging rates, your residents could make some big savings - which they’ll definitely thank you for!

2.  Attract future tenants

As EV adoption grows, the availability of charge points is set to be a key search criteria for those looking for a new home in an apartment building.

For those who already own an electric vehicle, the appeal of being able to charge their vehicle when they’re at home will be a big draw. And if they’ve previously had to use public charge points, the cost savings of charging on a home charging tariff will be an even bigger incentive.

If they haven’t considered owning an electric vehicle before, house hunters will be impressed by the investment you’ve made in your site and feel reassured that it’s set up for the future.

3.  Support sustainability

Sustainability and protecting the environment around us is high on today’s agenda, and with the UK’s target of reaching net zero emissions by 2050, EV adoption is key to achieving this.

By investing in EV infrastructure now, you’ll be showing your support for a greener future. It could also be a significant step towards hitting your sustainability targets and boosting your company’s reputation.

4.  Future-proof your site

With the sale of new petrol and diesel vehicles due to end by 2035, EV charge points will soon be a necessity rather than a nice-to-have for drivers.

By investing in scalable EV infrastructure, you’ll be moving with demand and setting your site up for future success. And you don’t need to install your charge points all in one go. When we install EV infrastructure, we install the right number of charge points to meet the current demand, whilst also laying the foundations for future charge points. We monitor demand at the site, and then as and when more charge points are needed we’re able to quickly install them.

5.  Add value

By making it more attractive to current and future tenants, as well as preparing it for future living, the installation of EV infrastructure will undoubtedly add value to your site.

And you’ll be one step ahead of other nearby sites who haven’t invested in charge points yet.

How we can help

If you’re the landlord of an apartment building and you think investing in EV infrastructure now would benefit your site, we’d love to hear from you.

We offer a fully funded, maintained and managed EV charging solution for residential landlords. Our approach requires no capital outlay from you, and we’ll manage the whole process on your behalf – from the initial site designs right through to the commissioning and ongoing management of the charge points.

We also provide a reliable, affordable service for residents, offering home charging rates and ongoing customer service.

Our funded solutions are financed by the Charging Infrastructure Investment Fund (CIIF), which is sponsored by the UK Government.

You can get in touch here.