Multifamily property owners are ramping up EV charging station installation in the face of rising demands for EV chargers within the Los Angeles housing market. More and more LA renters are purchasing EVs and want to live in buildings that provide convenient, reliable access to EV charging. The best places to charge an EV are the places they’re parked the most, at home or at work. Just like central air, internet and appliances, the nice-to-have EV charging amenity is now a must for renters in LA.
EV Ownership Continues to Rise
Over 2.1 million ZEVs (zero emission vehicles) have been sold in California as of Q3 2024 with over 350k sold in 2024 alone (CEC). This has pushed the EV market share to new heights capturing roughly 25% or 1 in every 4 new cars sold being a ZEV. Los Angeles County had the highest amount of sales, accounting for approximately a third of total sales and ownership in the state. Because of this rapid increase in adoption, multifamily property owners in LA are eager to keep up with the rising demand for EV charging stations.
EV Charging is the New Must-Have
As more multifamily properties install EV charging stations, what was once considered a luxury amenity or a nice-to-have is now a must-have to stay competitive. The price of rent in LA has been on a steep incline year over year and renters are becoming pickier when it comes to where they live. Choosing between an apartment, condo, or townhome that has reliable private or shared charging stations on-site and one that doesn’t is an obvious choice for the growing population of EV owners who rent. Being able to charge on a Level 2 charging station overnight or whenever their EV is parked at their home is much more appealing than scheduling time in their week to stop at an often busy, public Level 3 fast charging station. Just like central air, kitchen appliances, cable, wifi and other current must-haves, EV charging stations are proving to be a new differentiator that’s attracting and retaining residents.
LADWP Multifamily Properties are Saving Hundreds of Thousands on EV Chargers
If you’re a multifamily owner or live in a multifamily building that doesn’t have EV charging, now is the best time to install stations. Through the LADWP Commercial EV Charger Rebate Program, eligible properties can install up to 80 Level 2 EV chargers and obtain rebates for up to $400k in hardware and installation costs. This program also provides funding for the installation of Level 3 DC Fast Charging (DCFC) stations as well as allocates priority and additional funding for properties located within disadvantaged communities (DAC).
Hundreds of multifamily and commercial property owners have already plugged into this program to fund the installation of thousands of charging stations throughout Los Angeles. Chargie is the largest installer through this program and has helped save clients over $80M in costs through LADWP rebates alone. Check out some case studies on how we’ve helped our clients save on their EV charging stations.
Chargie is Here to Help
Interested in taking part in the LADWP EV charger rebate program but not sure where to start? Our team of experts are available to help. We handle everything from applying to the program and submitting the required paperwork to installing and managing the ongoing maintenance and support of the EV chargers. With Chargie, property owners get a truly turnkey partner, and drivers get simple, intuitive charging. Reach out to our EV charging experts for a free property evaluation and project savings estimate.
The places you park most of the time become the places you can charge at any time. Our 98%+ availability means you’ll return to a fully charged car and our 24/7/365 customer care provides drivers and clients the support they need at every turn.
