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by Nestor Carrillo on Mar 10, 2025 5:26:58 PM
As electric vehicles (EVs) become mainstream, the demand for charging solutions in multifamily properties—such as apartments and condominiums—is growing rapidly. Yet, many property owners and managers still have concerns about feasibility, cost, and demand.
At Buzze, we specialize in helping multifamily property owners navigate EV charging with ease. That’s why we created this in-depth guide covering everything you need to know about EV charging in multifamily communities. Below, we’re debunking the top 10 myths about EV charging—and setting the record straight.
Myth 1: "EV Chargers Are Too Expensive to Install"
While there are upfront costs associated with installing EV chargers, various state and utility programs can cover up to 100% of project expenses. Buzze specializes in navigating these incentives to maximize value for our clients, ensuring cost-effective installation solutions.
Myth 2: "There's No Demand for EV Charging Among Residents"
Recent studies indicate a significant shift toward electric vehicles. Projections suggest that 23% of new vehicles sold will be EVs by 2025, with expectations that this figure could rise to 50% by 2030. This trend underscores the growing demand for EV charging infrastructure among residents. (Source)(Source 2)
Myth 3: "Older Buildings Can't Support EV Charging"
Assessing the suitability of older properties for EV charging requires expertise. The Buzze team can promptly evaluate your property's infrastructure to determine its compatibility and recommend necessary upgrades, ensuring a seamless integration of EV charging stations.
Myth 4: "Maintaining EV Chargers Is a Hassle"
At Buzze, we offer comprehensive maintenance services, handling routine inspections and any necessary repairs. Our proactive approach ensures that your EV charging stations remain operational with minimal involvement from property management.
Myth 5: "EV Charging Won't Generate Revenue"
Beyond enhancing property value, EV charging stations can serve as a direct revenue stream. With flexible pricing models, property owners can charge for electricity usage, offset installation costs, and potentially generate profit over time.
Myth 6: "EV Chargers Only Work With Certain Vehicles"
Most EV chargers, especially Level 2 chargers, are universally compatible with all major EV brands. Whether residents drive Tesla, Hyundai , Ford, or other electric models, they can charge with ease.
Myth 7: "EV Charging Will Overload the Electrical System"
With proper planning and load balancing technology, properties can support multiple chargers without straining their electrical capacity. Smart charging solutions dynamically distribute power, ensuring safe and efficient energy use.
Myth 8: "Residents Prefer Public Charging Over Home Charging"
Home charging is the most convenient and cost-effective method for EV owners. Studies show that approximately 80% of EV charging occurs at home, highlighting the preference for residential charging solutions. (Source)
Myth 9: "EV Charging Technology Will Be Obsolete Soon"
Today's EV chargers are built with future-proofing in mind. Features like Open Charge Point Protocol (OCPP) ensure long-term compatibility, while software updates keep systems current as EV technology evolves.
Myth 10: "Installing EV Chargers Is Too Complicated"
Partnering with Buzze simplifies the installation process. We manage everything—from site assessment and installation to maintenance and management—ensuring a hassle-free experience for property owners and residents alike.
Ready to Future-Proof Your Property?
EV charging is no longer a luxury; it's a necessity for modern multifamily properties. With the right strategy, incentives, and support, installing EV chargers is both straightforward and cost-effective.
Contact Buzze today for a customized EV charging plan and a free quote!
We'll assist you through every step—from installation to maximizing available incentives. Let's power the future together.
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