As electric vehicles become increasingly common, the need for EV-ready building codes rises. These days, there are plenty of advantages associated with offering EV-charging infrastructure on residential properties, with one of the most obvious and critical being that many municipalities require that properties in their jurisdictions are EV-compatible. Discover why you should be embracing EV-readiness at your apartment, condo, or business.
The Growing Need for Residential Charging
The EV industry is evolving rapidly. In the past, charging stations were typically located in or near prime locations such as shopping centers, colleges, public transit stations, and city centers. As more and more people transition to electric vehicles, the need for charging solutions on a hyper-local level increases. That’s where EV ready building codes come into play.
For an electric vehicle, a parking spot without charging capabilities is fairly useless. After all, electric vehicles are generally charged overnight so they’re ready to drive in the morning. While EV drivers may be able to time their electricity usage to make it to the closest charging station, that’s not the best approach.
When it comes to building new properties, it’s crucial that developers look towards the future. It has become abundantly clear that electric vehicles are here to stay, so it simply makes sense to accommodate their charging requirements. EV-ready building codes ensure that there won’t be a shortage of charging options as EVs become more widely adopted in the mainstream.
What Are EV Building Codes?
As you probably know, building codes are the rules and regulations that dictate how residential and commercial buildings are constructed. They’re often used to ensure the safety of a building, but in this case, they’re used to encourage environmentally-friendly buildings that align with long-term goals for helping the planet.
The building codes associated with EV-charging stations vary depending on your location. It’s worth noting that most EV-ready building codes don’t require that you build a charging station in every parking space. In many cases, the codes simply require that the infrastructure is in place to facilitate the possibility of a charging station in the future.
Here are some of the requirements you may find:
- Charging stations are required only for a certain percentage of parking spaces
- Each parking spot must have a dedicated electrical circuit with the capacity to eventually become a charging station
- Parking spaces must have an electrical conduit and wire to run electricity to charging stations in the future
- EV-ready marked electrical panels near parking spaces
Again, these are just examples of the types of EV ready building codes you may run into. In some cases, you may just need some basic electrical infrastructure in place just to make it possible to install charging equipment someday down the line. Other areas may require actual charging infrastructure.
Advantages for Property Owners
If you own an apartment building, condo, or a business, there are plenty of exciting reasons to follow these codes and install charging stations. Sure, on paper, more codes sound like more hassle. But the truth is that you have very little to lose and everything to gain by following EV-ready building codes and embracing the future of EV technology. Here’s why:
Installing EV-charging stations presents incredible opportunities for financial growth. If you’re looking for new ways to boost your bottom line, investing in charging equipment is a solid option. The industry keeps growing year after year, and early adopters are the ones who are winning at this point in time (and likely in the future).
For starters, you can choose how much you want to charge EV drivers for using your stations. You can generate revenue by charging for electricity, or you can offer free charging to attract new residents or customers. EV-ready building codes only govern the infrastructure requirements. It’s entirely up to you how much you want to charge users.
Attract a High Net Worth Clientele
Most people who drive electric vehicles have high-paying jobs. Whether you’re seeking reliable tenants or customers who are willing to spend a bit more, offering charging stations make the right people take interest in your property or business. If you’re looking for a way to break into premium markets, charging stations give your property that upscale feel.
Boost Your Reputation
Beyond just attracting high net-worth tenants and customers, following EV-ready building codes and offering charging stations shows the world that you care about the environment. It proves that you or your company take deliberate action to make the world a greener place. Given this profile, you can use charging stations in your marketing materials to elevate your brand.
Reduce Future Expenses
Perhaps one of the biggest reasons why it’s so important to follow EV building codes is that if you don’t, you’re probably going to pay for it in the long run. Beyond penalties associated with not following codes, the cost of installing charging stations without the proper infrastructure existing in place is significantly higher than with it.
For example, imagine where you’d be in ten years if you hadn’t followed EV-ready building codes and charging stations have become the new standard. They’re legally required, and you have to install them. The cost of retrofitting existing properties with conduit and electrical capacity will be much higher a decade from now than if you had installed this infrastructure during the initial construction phase.
Contact Us to Request a Quote
Installing charging stations doesn’t have to be a daunting experience. There are plenty of federal and local government incentives in place to drastically offset the initial cost. Additionally, our team of EV experts can assist you in selecting and installing infrastructure that aligns with your budget requirements.
For more information on EV ready building codes specific to your situation, please feel free to contact us now. We’ll be happy to answer any question you might have, provide a quote, and get you started on the path to success. Partner with EV Connect, the undisputed leader of the EV charging industry.