In 2019 almost 1/40 new cars sold were electric vehicles (EVs). This amount is expected to almost double by 2022, with EVs representing 1/20 new cars sold, ultimately reaching 1/5 in a decade. This trend is creating a need for a new amenity at condominiums: EV charging stations.
In Florida, condominium associations are required by law to accommodate an owner’s request to enable EV charging, however, the cost for this accommodation can be charged to the owner. Read here for more information regarding the laws in Florida.
There are two basic approaches to addressing the need for EV charging stations:
A. Installing Shared Charging Stations – In a space that can be used by all on a first-come, first-served basis via a pay per use model. This is most practical when a dedicated parking area is available.
B. Installing Personal Charging Stations – Assigned to an owner’s specific parking spot. Primarily used when the condominium has access-controlled garages, as opposed to an open parking area.
For this post, we will focus on how to install PERSONAL charging stations at your condominium association. Here are the steps from our experience:
EV’s are catching on quickly and accessible EV charging stations at your condo can absolutely improve resale value.
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Is your condominium association prepared to accommodate unit owners who request EV charging stations? Please email adietz@campbellproperty.com if you would like a copy of a more detailed report including the average monthly cost of electric charging in South Florida.