Why EV Charging Makes Financial Sense for Affordable Housing Owners & Residents

Imagine living in an apartment where you could own an electric vehicle (EV), charge it affordably at home, and use it to boost your income. Sounds out of reach? It’s not. The EV revolution isn’t just for luxury homeowners or tech enthusiasts—it’s an economic game-changer for low-income apartment residents. With lower vehicle costs, reduced operating expenses, and new income opportunities, EV ownership is becoming a real possibility.

Why EVs Make Financial Sense for Apartment Residents

et’s break down the numbers. The biggest roadblock for many renters has been charging access, but that’s changing fast. Companies like Buzze are helping affordable housing owners install EV chargers, making it possible to own and charge an EV right where you live. (Learn more in Buzze’s guide for property owners here.)

Now, let’s talk about costs. A brand-new EV might seem pricey, but used EVs—especially the Chevy Bolt—can be found for under $10,000 after federal and state incentives. Programs like the $4,000 used EV tax credit make these cars more affordable than ever.

And once you own an EV, the cost of ownership is dramatically lower compared to gas cars:

No gas costs – Charging an EV at home or at low-cost public stations is way cheaper than filling up a tank.
Less maintenance – No oil changes, fewer moving parts, and lower repair costs mean fewer surprise expenses.
Lower electricity rates – Many utilities offer special EV charging rates, making it even more affordable.

Gig Economy = More Money With An EV

One of the biggest economic opportunities for apartment residents is using an EV for rideshare, delivery, and gig work.

• Higher pay for EV drivers – Uber and Lyft offer higher per-mile earnings for EV drivers. Lyft, for example, has an EV incentive program that adds extra dollars per ride.
• Lower cost, higher profit – No gas means higher take-home pay compared to gas car drivers.
• Food delivery – Apps like DoorDash and Uber Eats make it easy to earn money without racking up gas expenses.

For many apartment residents, this means turning their EV into a steady income stream—all while saving money on their daily commute.

Why EV Charging Makes Financial Sense for Apartment Owners

Installing EV chargers isn’t just about future-proofing your property—it’s an investment that pays off. Affordable housing owners who install EV charging can unlock new financial and tenant benefits:

Higher property value – Buildings with EV charging attract more renters and command higher lease rates.

Competitive advantage – As more residents switch to EVs, buildings with chargers will stand out from those without.

Additional revenue streams – Property owners can charge a fee for EV charging, adding a steady source of income.

Sustainability incentives & funding – Federal, state, and utility programs provide grants and rebates that cover much—if not all—of the cost. (Learn how in Buzze’s EV Charging Guide.)

Stronger tenant retention – Renters with EVs are more likely to stay long-term if they have reliable charging at home.

With funding opportunities available and EV adoption skyrocketing, there’s never been a better time for multifamily property owners to install chargers.

Let's Make EV Ownership Possible for Everyone

EVs aren’t just for wealthy homeowners anymore—they’re for anyone who wants to save money and create new income opportunities. If you’re a property owner, let’s talk about how Buzze can help install EV chargers in your building.

Contact Buzze today and bring affordable, profitable EV ownership to your community.