GM working to make EV charging accessible to multifamily residents

General Motors, envisioning a future where electric vehicles will be commonplace, is working to boost charging infrastructure for those who live in multifamily residences.

EV owners currently charge their vehicles at home or work 70% to 80% of the time. Most multifamily residents do not have easy access to charging stations at home, though, so their options are limited.

GM is working to make it easier for apartment renters and condominium owners to have access to chargers. It’s two to eight times cheaper to install charging infrastructure within new construction than in retrofits, an executive for the automaker pointed out in a recent interview with Multifamily Dive.

Thus, GM is working to encourage jurisdictions to address the charging infrastructure through code updates. The company is working with public and private partners to build out public charging stations. One initiative, the GM Dealer Community Charging Program, provides GM dealers with 10 chargers that can be placed anywhere in their community away from dealerships, giving the community a say on where they are located.

Across the country, multifamily rents have skyrocketed. Year-over-year rents are up by double digits in nine of the top 30 markets, while national YoY rent growth is up 6.3%. Emerging from the pandemic, a perfect storm of migration, enhanced government stimulus and a hot housing market, among other factors, has enabled this extremely strong growth.