One of the big shortfalls in electric vehicle charging right now is charging in condos, apartments, and other multi-tenant residences. Over 70 million Americans and 10 million Canadians live in condominiums, rental apartments and other multi-resident homes with shared parking.
Until today, it has been very difficult for condos and other multi-unit residences to install EV Charging. This is for a few reasons. The first reason EV Chargers have traditionally been too expensive. The second problem is that many condo boards, and building managers believe that installing separate EV Chargers in a parking garage requires too much power and expensive electrical upgrades. The third reason is that fees associated with other competitive multifamily EV chargers continue to add up, so the building never pays off its initial investment to start generating a return on investment.
