Automakers in the US say that more than half of new car sales will be electric by 2030. Expansive EV charging systems are thus necessary to support the growing numbers.
According to a report published by The New York Times, most EV owners plug their cars at home and leave them to charge overnight. Therefore, multi-tenant buildings should provide additional charging points for tenants to charge their vehicles. Some property management firms are already adding more charging stations, which significantly boosts green transportation.
There are two types of EV charging stations that building owners can install primarily. They can have dumb charging stations which only provide the charging functionality. They do not need to subscribe to monthly software, so these chargers are much more economical. Building owners may allow their tenants to charge for free, as a perk, or ask them to pay a flat fee.
The second type is more sophisticated and is known as the smart charger. Smart chargers provide more functionality compared to dumb chargers in that the homeowners can monitor the charging data of all tenants. They can control everything using an app or premium software and charge tenants based on their power consumption.
While having these chargers can accelerate EV adoption, installing them comes with a few challenges. The current power supply is insufficient to support the projected EVs. The output in power substations is limited, and thus installing multiple EVs creates an electricity overload.
Although this would be costly, distribution networks can upgrade the current national grid to meet the new demands. Additionally, even if the power grid supports EVs, homeowners installing multiple EV stations would have to pay high utility bills, especially if tenants charge their vehicles during peak hours.
However, these challenges do not shut out the EV revolution entirely. Leading power management technology providers focus on providing solutions that allow homeowners to use their existing electrical infrastructure most efficiently and accommodate EVs.
Cyber Switching EVMC can solve all of the above mentioned issues
Property Management firms like CBRE, JLL, The Henrys and many more benefit from a Cyber Switching’s EV management system. The on-demand management controller EVMC allows you to connect up to four EV charging stations (EVSE) to a single power line; this helps lower energy expenses without compromising performance and save tens of thousands on electrical upgrades. You can learn more on how EVMC works here.
Why So many businesses use EVMC?
– It Quadruples the number of EVs charged from available power circuits
– It Reduces panel upgrade & trenching costs by up to 50%
– Customers can easily expand from 1 charger to 4 or more chargers
– It Reduces peak demand energy costs by up to 75%
– Keeps EVs charged up effectively and efficiently, while keeping the utility billing at a minimum
– Works with any non-networked and networked EV charging station
– It adds an extra safety to a load management
Interested in learning more? Feel free to contact us. Our experts are happy to answer all your questions and help you with your EV charging needs.