Ready to say goodbye to your gas station and say hello to the new electric vehicle charging stations in your condominium building? McIntosh Perry can get you plugged-in.
With the rapidly growing concerns about climate change and sustainable living, Electric vehicles are gaining popularity due to their performance, low emissions, and of course, low maintenance and fuel costs.
“As more electric vehicles come onto our roads each year, it’s vital that we build the infrastructure to support them, including new highways and charging stations,” said Caroline Mulroney, Minister of Transportation.
Electric vehicles are gaining popularity around the world, and charging stations are being installed in both commercial and residential buildings. As an increasingly popular amenity, they add value to condominiums by having Electrical Vehicle Charging Stations commonly known as EVCS available as either a pay-per-use or dedicated system.
What are the Advantages and Challenges of Community Charging Stations?
- Installing a few communal chargers may not need any costly infrastructure upgrades.
- The cost can be lowered by installing this charger closer to the electrical supply.
- Easier to manage the network with a mobile app for any payment for the used electricity.
- Future proof over the air software upgrades ensures the latest features and vehicle compatibility
- Charging needs to reliably allow owners to recover their daily commute or re-charge between drives on the weekend.
- Electric vehicle owners want to go home, plug in into their own deeded space and get back to using their car in the morning.
- People are afraid to move their cars at night
Various things need to be considered before installing an EV charging unit. To help condominium owners, we recommend following the step-by-step process:
Step 1: Perform a load evaluation to determine how many EVs your building can accommodate using load sharing
Step 2: Get the supply and installation and installation price for at least one infrastructure cost and give the condominium board some time to consider and plan
Step 3: Get the price of the infrastructure needed to install additional chargers in the concessionary spaces
Step 4: Get a price for at least one individual charger
Step 5: Develop an EV charging policy for your community
Some Legal requirements:
- Regulations to condominium act enacted addressing EVCS installation on May 2018
- The regulation exempts EVCS installation from section 97(alterations to common elements by a corporation) and 98 (alterations to common elements by owner) of the condominium act
The above regulations made it easier for both corporations and owners to install EVCSs and their infrastructure.
Installing an EV Charger in your Condominium building will give you a competitive edge, helping to attract existing electric vehicle owners as well as address the needs of current owners. Plus, this in-demand amenity adds long-term value to your property for generations to come.
Have any concerns regarding EV Charging stations? Connect with us today to learn more!