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EV Chargers have Become a Popular Amenity for New Home Communities

EV Chargers have Become a Popular Amenity for New Home Communities

In accordance with the India Energy Storage Alliance 4, the EV industry is expected to grow at a CAGR of 44% between 2020 and 2027, with annual sales attaining the mark of 6.34 million units. As the sales of electric vehicles hit an all-time high in the second quarter of this year, this signaled that the transition to an all-electric lifestyle is gaining pace.

Electric vehicles are rapidly surging in popularity as they are made readily available and are becoming a widespread means of transportation. A study showed that EV sales accounted for 5.6% of the total market. This is a significant increase from the 2.7% market share at the same time last year.

Amid this, the top builders of the nation are jumping onto the bandwagon of developing an all-electric community. The process of installing EV chargers is simple if we consider it for single-family new home communities. However, the idea of incorporating EV charging into the design phase still stands true.

Charging electric vehicles at home or within a complex is a bit less expensive and is more convenient for residents. In accordance with a survey, the majority of all EV charging occurs at home, and hence residential charging will be a pivotal component of the further charging environment.

Well, it goes without saying that providing EV charging as a service/amenity to homeowners is going to become unavoidable. Well, it should be noted that providing the residents with this luxury will encourage them to switch to electric vehicles, as a lack of charging options has emerged as one of the major roadblocks to EV adoption.

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Why EV Chargers are Becoming a Popular Amenity for Home Communities

The availability of EV charging stations may lead to an increase in the value of the property value. You can consider an EV charging station similar to any other amenity that is capable of adding value to and providing your property with a green image. Purchasers will be ready to pay extra for homes with EV charging stations.

As electric vehicles become more omnipresent in the future years, property purchasers will want EV charging as one of the standard features.

More and more young people and educated people are getting inclined to buy electric vehicles, and installing EV chargers could help in attracting new customers. The presence of an electric vehicle charging station will help in attracting and retaining tenants and property owners.

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Benefits to Residents

The availability of electric vehicle chargers on the premises of the residential complex can help all EV users in starting their day with a completely charged vehicle that alleviates range anxiety. This is because the average daily mileage of personal cars in most Indian cities is even less than 35 KM.

It won’t be wrong to say that residents who are planning to buy an electric vehicle in the near future may get comfort from the availability of EV chargers. Well, we all are well aware of the fact that EVs have cheaper operating and maintenance costs. However, it should be noted that these perks will be made available only to those who are switching to electric vehicles.

What adds more to it is the fact that the government wants the adoption of a community EV charging station that is accessible to all EV owners in society. As expected, the residents will have shared access to EV charging stations. This will also help in encouraging locals to switch to electric automobiles.

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