If you're environmentally conscious and looking for an apartment to rent or buy, put EV amenities at the top of your checklist!
With EVs becoming more popular, many apartment and building owners are starting to offer integrated EV charging for apartments. But it comes at a price! So what do you think? Should you spare a few bucks and invest in an EV-ready home?
This article walks you through 4 benefits of having an EV-friendly apartment, whether you’re thinking of renting or buying one!
1. Save Time and Reduce Stress
By buying/renting an EV-ready home, you can avoid range anxiety and the hassle of finding charging points in the city.
- Charge your EV overnight just like your phone, and wake up to a fully-charged EV
- Stop wasting time searching for public charging stations during your busy day
Having an EV-ready home takes away one of the hassles of living green, meaning you can continue your forward-looking lifestyle for longer!
2. Promote Green Living
When you move to an EV-ready home, you show your entourage how committed you are to your eco-conscious lifestyle.
Your friends and neighbors can see you fill up your car as you sleep, while they have to go out of their way almost every day to pass by a gas station and pay the ever-increasing gas fee in this economy.
Living in an apartment with charging infrastructure can help those around you make the shift to EVs. One EV at a time, the country will have less noise pollution and better air quality. This means you’ll live a healthier, happier life. 🌳
3. Reduce Running and Maintenance Costs
Investing in an EV-ready home can result in significant cost savings for homeowners and renters. Here's why:
EVs require less maintenance and have lower running costs than petrol or diesel cars"nofollow"
- EV charging in your apartment is less expensive than paying a fee to charge at a public charger
- The government offers a subsidy on electricity tariffs used for EV charging
Note: India is currently encouraging EV adoption by offering more incentives and rebates for individuals and institutions alike. If you want to learn more about them, please visit the Niti Aayog website and browse through your state’s policies.
Having EV charging for apartments at the ready in your home, coupled with the significant cost saving potential, can make your apartment’s value skyrocket.
4. Get Higher ROI
Having EV charging for your apartment can significantly increase your property value. According to a report by JLL, properties with EV infrastructure in India can see price appreciation ranging from 2-5% for new buildings and 1% for old buildings.
This translates to higher rental rates and better resale value for homeowners in apartment buildings. That means your EV-ready home doesn’t just help you live sustainably — it offers a great return on investment in the long run.
Stay Ahead of the Curve — Future-Proof Your Lifestyle with an EV-Ready Home
With EVs being the future of transportation, homeowners and renters need to think about EV charging for apartments in their buildings or housing societies. Owning, or simply living in, an EV-ready home shows you’re ready for the full transition to EVs in the country.
And for now, you’ll be enjoying the convenience, eco-friendly lifestyle, cost savings, and property value increase that your EV-ready home gives you. You can safeguard your lifestyle against the inevitable transport transition and you reap the rewards of your smart investment.