ChargeGuru UK has discovered that only 2% of property, asset, portfolio managers and freeholders have plans to install EV chargers this year.
According to the research, 71% of property, asset, and portfolio managers and freeholders assume that installing EV charging infrastructure typically takes up to 3 months from initial enquiry to completion.
As a result, many decision-makers are choosing to postpone planning, assuming implementation will be quick and straightforward when the time comes.
In reality, the actual process from initial enquiry to installed chargers can take well in excess of 3 months, once on-site assessments, DNO applications, grid capacity checks and contractor availability are considered.
Cost is still a major barrier and remains the most frequently cited reason for hesitation, with 53% of property managers citing it as the biggest barrier to installation. But this figure is continuing to decrease year-on-year.
Some 57% also estimated the cost of installing a chargepoint at up to £2000 per unit, but while such costings aren’t inaccurate, property managers are not necessarily required to cover or even incur these costs if they take advantage of fully- funded EV charging solutions, ChargeGuru highlighted.
Additionally, tenant expectations are shifting, with three quarters (74%) of those living in flats say having somewhere to charge their car or living near a public charger was or will be a factor in where they choose to live.
Denis Watling, Managing Director of ChargeGuru UK said:
“Consumers are increasingly ready to adopt electric vehicles, but a lack of access to home charging, particularly in flats and apartment blocks, is creating a nationwide discrepancy in the accessibility of EVs.
“Many freeholders and property managers are inadvertently underestimating the time taken to install charging solutions, coupled with an unawareness of the pace of EV adoption. There is a reluctance to invest in EV charging infrastructure today. With no-cost solutions available to property managers and owners, we urge property experts to take the first step by assessing their portfolio and understanding the solutions that are available to them, with the help of an EV charging solutions provider, like ChargeGuru.
“Without a proactive response from these stakeholders, there is a risk that they fall behind the curve and their properties become relatively less valuable than those with EV charging solutions in place.”
Image courtesy of ChargeGuru
