Electric Vehicle Charging Infrastructure at Multi-Dwelling Units
Why Is It Important?
EVs Are Taking Off in Massachusetts
Consumer interest in EVs is growing fast in Massachusetts, and especially in Concord. Our forecast suggests that over a quarter of Concord residents are going to be looking for EV charging as an amenity where they live by 2030. Searchable online listings for apartment and condo shoppers already include EV charging as an amenity where it exists. Some developers of multi-dwelling unit properties in Concord are now wiring new homes for EV charging.
It's A Good Real Estate Investment Decision
Having EV charging infrastructure in place can help you:
In real estate, investment decisions affect the infrastructure that residents live with for 10, 20 or 30 years. Now is the time to plan for growth in EV ownership among your residents.
EVs Are Critical to Meeting Climate Goals
36% of Concord’s greenhouse gas emissions come from transportation. Transitioning from gasoline to electrically powered cars and procuring our electricity from carbon-free power is key to reaching our goal of 80% fewer carbon emissions by 2050.
The state is also focused on electrifying transportation. The Massachusetts 2050 Decarbonization Roadmap calls for emissions from light-duty transportation to be reduced to nearly zero by 2050. The primary strategy to reduce light-duty transportation emissions is switching from fossil-fueled vehicles to zero emissions vehicles.
And, "An Act driving clean energy and offshore wind," signed by the governor in August, 2022, will require all new cars sold in Massachusetts to be electric by 2035.The Massachusetts Clean Energy and Climate Plan for 2030 sets a goal of increasing the number of electric vehicles on the roads to 750,000 by 2035, when all new “light-duty” vehicles, or passenger cars, sold will be mandated to be zero-emissions, meaning either electric or hydrogen fuel-cell cars, which also run on electricity.
Charging Station Rebate Programs and Technical Assistance Are Available
CMLP and the state of Massachusetts both offer rebates that together can cover a substantial portion of the hardware and installation costs of a Level 2 EV charging station for shared use by your multi-unit property residents. Learn more here.
Our EV Specialist team is available to assist you with the applications for both the state and CMLP rebate programs. Request a consultation with a Commercial EV Program Specialist here or by calling 833-443-8363. The EV Specialist Service is funded by CMLP, is offered at no cost to you, and provides objective advice that is technology agnostic and brand neutral.