EV Charging at Multifamily Properties by Kevin Donnelly

Kevin Donnelly gave this presentation at the Forth Addressing The Challenges of Charging at Multi-Family Housing webinar on June 11, 2024.

1. EV Charging at Multifamily Properties KEVIN DONNELLY June 11, 2024 Top trends and renter insights

2. $3.9T economic impact 22.9M apartment homes 40.0M apartment residents

3. 47% of renter households live in traditional multifamily communities

4. 54% of all apartment units are located in the very large communities

5. 43% of all apartment homes were built before 1980

6. 52 % of all apartment households have a single vehicle

7. Vehicles & Parking Interest in vehicle-related amenities is growing Source: 2024 NMHC and Grace Hill Renter Preferences Survey Report

8. Electric Vehicles Interest in EV charging on site is growing even if ownership rate has remained flat (4%) Source: 2024 NMHC and Grace Hill Renter Preferences Survey Report

9. Some markets have higher EV adoption rates Source: 2024 NMHC and Grace Hill Renter Preferences Survey Report

10. Do you expect that your next vehicle will be fully electric or plug-in hybrid? Source: 2024 NMHC and Grace Hill Renter Preferences Survey Report

11. 1 out of 3 EV-owning renters say they have no charging on site Source: 2024 NMHC and Grace Hill Renter Preferences Survey Report

12. Reasons for Dissatisfaction Charging spots are always full 37% Other 32% Other residents don’t move their vehicles when fully charged 28% I’d rather have my own dedicated charging spot 28% Charger is too slow 24% Charging spots are inconveniently located 19% I don’t like the charging app 8%

13. The End nmhc.org/residents Questions? [email protected]