This is part of a collection of case studies that focus on creative charging solutions for EV drivers in multifamily housing. For more information and the full collection, visit our Charging Solutions for EV Drivers in Multifamily Housing hub.
Challenge
Multifamily building owners are often reluctant to install EV chargers because of the high upfront cost, building upgrades, and maintenance required. Tenants who live in these buildings may not be willing to drive an EV if there are no charging stations available. Even if there are no current tenants who drive EVs, multifamily buildings need to plan for the future and install charging stations as a basic service for residents. How can building owners and managers be motivated and supported to build EV infrastructure for residents?
Objectives and solutions
Amperage Capital has an innovative solution to this problem. Based in Dallas, Texas, Amperage Capital is an infrastructure investor and operator with a goal to close the gap between EV infrastructure demand and investment. Amperage knows that EV adoption will continue to accelerate, presenting a huge opportunity for long-term investment in charging infrastructure. Amperage Capital will pay 100% of the cost of charging equipment and installation, including Level 2 and DC fast chargers, and offer property owners a revenue share, which brings in extra income. The installation process is quick and simple. Chargers are assembled off-site and installed in a few days, minimizing on-site work and utility upgrades.
For EV drivers, the process is even easier. Each tenant is assigned a parking space with a charger for their exclusive use. They activate the chargers using their phone or RFID card, which they receive after signing a lease agreement. Tenants make a small monthly payment for the cost of charging through an app. Amperage owns and maintains the charging stations, and property owners collect a share of the revenue. Amperage Capital works to help all kinds of buildings, including retailers, hospitals, city governments, and parking garages, provide reliable and accessible EV charging and keep up with growing demand.
Elements for Success
- Long-term, upfront investment makes charging infrastructure installation possible for more multifamily building owners and residents and ensures buildings will be ready for future tenants who drive EVs.
- The simple process for residents to reserve parking spaces with EV chargers and pay a monthly fee opens up the opportunity to drive an EV to more renters.
References
Recap:
Charging cost: Small monthly subscription
Charging type: Private
Problem addressed: Access, Equipment
Solution type: Technology
