Electric vehicle adoption is expected to grow at a 25% annual clip over the next five years. That’s going to make the installation of electric charging stations a must at apartment communities in most major real estate markets. Having EV stations on your property can lift its value, help you retain residents, and give your marketers another plus to attract prospective renters in competitive multifamily markets. In this article, we will give you some tips on how to install the EV charging station in your multifamily housing:
· Start thinking now about EV charging stations:
If you want to have an EV charging station at your place, then started thinking about it now instead of delaying it for any other time. Start your planning by knowing what level of EV charger is required by you and how much would it cost. So instead of delaying it more, if you need it then let go of it.
· Do your homework early in the planning process:
Apartment owners and investors must take the pulse of local market EV demand. From homework, it does means that get to know which EV charger would be best for you and which company should you go for. And keep that in your mind that the EV charger should not be out of your budget and the level of it should not be less or more than what is required by you.
· What types of electric vehicle charging stations are there?
There are three basic types of electric vehicle charging stations. They range from basic and simple to more complex than you would ever contemplate installing in your home garage.
1. What is a Level 1 Charging Station?
Level 1 charging station is the simplest of the three types. The charging cable that comes with the purchase or lease of an EV is essentially a Level 1 charger. These chargers use a basic house electrical current is 110-120 volt AC, and many simply plug into a standard grounded wall socket using a common three-prong plug.
The simplicity and low cost of Level 1 chargers are sometimes agonizingly slow — battery recharge times. A good rule of thumb for recharging an EV using a Level 1 charger is four miles of battery range for every hour of charging. If your EV has 200 miles of range on a full battery, it can take 50 hours to fully recharge the car.
2. What is a Level 2 Charging Station?
EV charging station scale is the Level 2 charger. Level 2 units use 240-volt circuits, the kind of electrical circuit that is typically used for electric clothes dryers. Some Level 2 charging stations are portable and use the special multi-pronged plug. The vast majority of people who install a Level 2 charging station in their home hire an electrician to run a 240-volt circuit to their garage.
3. What is a Level 3 Charging Station?
The third type of electric car charging station is a Level 3, and it is designed for commercial use. Level 3 charging stations enable DC Fast Charging, which provides much quicker charging times. Some Level 3 charging stations can bring an EV battery up from discharged to a full charge in an hour or less.