State EV Adoption Goals Pressure Multifamily Owners to Install Charging Stations
California and New York have announced bans on the sale of new gas-powered vehicles starting in 2035, prompting multifamily property owners to consider installing electric vehicle (EV) charging stations for tenants. This shift is driven by increasing demand for EVs, as their prices become more accessible. Property owners face challenges in developing strategies to accommodate this demand, including the high costs of chargers and potential electrical capacity upgrades. Programs like Southern California Edison's $436 million initiative to install 35,000 charge ports aim to support this transition, though funds are limited and expected to run out soon. 
