6 Reasons Why Every Flat Should Have EV Chargers Installed

Electric vehicles (EVs) are turning the tide in the automotive industry, as they offer numerous benefits such as lower operating costs and quieter operation. In 2023 alone, global EV sales soared to 14 million, accounting for 18 per cent of all cars sold that year. This robust upward trend indicates continued growth in EV adoption in the coming years.

However, despite this growth, many people remain hesitant to transition from internal combustion engine (ICE) vehicles to battery-powered ones. One major barrier to adoption is range anxiety, where EV owners are terrified of getting stranded somewhere with no way to charge.

In the UK, the construction of public charging stations is underway to meet the growing demand. As of January 2024, there were 53,677 public electric vehicle charging devices installed, according to the UK's Department for Transport. However, this is still not enough to alleviate range anxiety for all potential EV owners.

That’s why at-home charging, including installations in flats, is highly recommended to give EV owners the confidence to drive their vehicles regularly. Recognising this need, the UK government has even introduced grants to incentivise tenants and landlords to install EV chargers in their buildings.

Aside from incentives, there are many more reasons why you should consider installing EV chargepoint units on your flats.

Provides Convenient Charging Points for Tenants

The convenience of having EV chargers on-site cannot be overstated. With the increasing number of EV owners, tenants are looking for easy access to charging facilities. Aside from parking space, security, and location, a charging station is now on the list of a tenant’s non-negotiable essentials.

Indeed, installing EV chargers in flats provides a seamless solution for residents, as it eliminates the need for them to seek out public charging stations. This not only saves time but also offers peace of mind, knowing that their vehicle can be charged overnight or during the day without any hassle.

Attracts and Retains Residents

In a competitive rental market, amenities play a crucial role in attracting and retaining residents. As the number of EV owners rises, so does the demand for EV-friendly living spaces. That’s why flats equipped with EV chargers are more likely to attract eco-conscious tenants who prioritise sustainability and convenience.

Offering such amenities can set your property apart from others. Ultimately, it provides a significant competitive advantage. For starters, your tenants are more likely to choose and stay in a property that supports their lifestyle and meets their needs. For countries like the UK, this lifestyle includes sustainable EV transportation and solutions. By investing in EV chargers, you can increase your tenant satisfaction and retention rates. This, in turn, reduces vacancy periods and ensures a steady stream of rental income.

Fortunately, installing EV chargers in flats is easy with the right professional installers. To make sure you are hiring an Office for Zero Emission Vehicles (OZEV) accredited professional, go online and search for “EV charger installation near me.” Check the type of charging units available and the quality of customer service you can expect.

Increases Property Value and Appeal

Properties with EV charging infrastructure are perceived as modern and forward-thinking, which significantly enhances marketability. Since potential buyers or tenants are willing to pay a premium for the convenience of having on-site EV chargers, it’s a smart decision to have them installed.

As the market for EVs continues to expand, installing EV chargers ensures that your flats remain competitive and profitable. Aside from boosting your property’s overall market appeal, the chargers also increase your property’s long-term value.

Future-Proofs the Property

The trend towards electric vehicles is undeniable. As EV adoption grows, so will the demand for charging infrastructure. By installing EV chargers now, property managers and landlords can future-proof their properties against these changing market dynamics.

Proactively installing EV chargers helps avoid the potential costs and logistical challenges associated with retrofitting in the future. It also prepares the property for upcoming regulations and market expectations related to electric vehicles in particular. This ensures compliance and relevance in a rapidly evolving transportation landscape.

Takes Advantage of Incentives

Many governments offer subsidies, grants, and incentives to promote the adoption of EV infrastructure. These financial incentives can significantly offset the costs of installing and maintaining EV chargers. As such, property owners should explore these opportunities to reduce the initial investment required.

In the UK, there’s a special chargepoint grant offered for renters and flat owners. Tenants and owners can get as much as GBP 350 or a 75 per cent discount to install a high-powered socket to charge their EV. Moreover, the grant funding is confirmed until 31 March 2025. So there’s no better time than today for tenants to take advantage of this grant.

There is also the EV Infrastructure Grant for landlords which can cover up to £30,000 or 75% of the cost to install charging point and the associated Infrastructure. This grant isn’t just for the charging points but supports landlords to create EV ready bays for the future.

Improves Corporate Branding for Larger Companies

For larger property management companies or developers, installing EV chargers can enhance corporate branding and support sustainability goals. As corporate social responsibility (CSR) becomes increasingly important, companies can demonstrate their commitment to green initiatives by installing charge points in flat parking lots. This can improve a company’s reputation among stakeholders, including residents, investors, and the broader community.

Installing EV chargers in flats offers several benefits for tenants as well as landlords. From cost-effective and convenient charging solutions to enhancing property value, there are many reasons why you should consider EV chargepoint installation. While it may not be as straightforward as a garage installation on a single-family home, professionals can offer custom solutions for your property.

Consider installing an EV charging point in your flats today. Visit Elecology and browse through our gallery of EV charging units to find the perfect solution for your needs. Empower your tenants with convenient, on-site charging and take a step towards a more sustainable future. Explore your options now at Elecology!