Data Shows Installing EV Chargers in Apartment and Condo Buildings Drives Demand

Property owners and managers have ever-growing incentives to equip their multi-unit residential buildings (MURBs) like apartment and condo buildings with electric vehicle charging stations.

EV chargers attract and retain quality tenants and meet Environmental, Social, and Governance (ESG) goals. They also enhance property values, generate thousands of dollars in direct revenue, and futureproof a property or portfolio for a fully clean economy.

At Hypercharge, we’ve partnered with properties to launch thousands of EV charging stations in multi-unit residential properties and have noticed a consistent trend: adding EV infrastructure is a clear case of “if you build it, they will come.”

Over time, apartment and condo buildings with charging stations see relatively steady increases in usage and revenue. Not only do the chargers bring in new residents who own EVs, they also encourage existing residents to go electric, ensuring a good return on the investment.

In our last post, we learned about rideshare drivers’ EV charging habits by diving into the data from a popular DC Fast Charging hub. Now, let’s look at the charging data from an real estate investment trust (REIT) portfolio that made a big commitment to EV charging and saw a significant uptick in usage within the first two years.

The data for our analysis comes from over one hundred Level 2 charging stations located across 9 upscale apartment communities in four major urban centres in Western Canada.

These buildings attract a variety of tenants, from students and single professionals to families and retirees, and offer amenities such as fitness facilities, pools, lounges, and co-working spaces.

The REIT that owns these properties has set ambitious targets for adding more EV charging stations to its residential portfolio, reflecting its commitment to meeting its tenants’ current and future needs.

In fact, since the first Hypercharge chargers were installed in the Fall of 2023, users across the REIT’s portfolio have already charged nearly:

To better understand how apartment and condo residents interact with Hypercharge charging stations, we turned to Quantev™ Operations Suite—a powerful, cloud-based platform that delivers robust data tracking for real-time monitoring and analysis. Quantev™ also enables direct control over EV charging stations, including:

• Granting access to chargers
• Organizing users into groups
• Setting customized and dynamic charging fees rates
• Processing payments

Using Quantev’s advanced reporting tools, we were able to create a clear picture of an average charging session at our sample apartment communities:

*Estimate based on 4 kms per kW for Tesla Model 3.

The vast majority of these sessions took place between 9 p.m. and 7 a.m., with a small bump in usage on weekend mornings up to 10 a.m. Nearly all of the sessions (94%) are initiated and paid for through Hypercharge Driver Mobile App, the balance via RFID card.

Our sample data spans a 22-month period, from October 2023 to August 2025.

Comparing the usage during the first 11 months to the second 11 months, we see the following increases across the REIT’s nine properties:

Unsurprisingly, Quantev™ reporting shows that all three metrics spiked during the coldest months, in keeping with the need for more frequent charging in the wintertime.

While the figures dipped once the warm weather returned, the upward trajectory picked up where it had left off.

Removing the data from the coldest months, we still see an impressive 257% increase in the average kilowatt-hours delivered monthly.

Some of the early increases in charger usage in our dataset can be attributed to additional chargers bringing more charging opportunities.

The earliest chargers at our sample MURBs went live in October 2023, the most recent in March 2024. To remove that variable, let’s zoom in on a specific property.

Located in Alberta, this in-demand luxury apartment building is outfitted with 22 EV charging stations that have been operating for ten months.

The chargers saw the following increases between the first five months and the last, with a steady upward trend throughout both the warmer and colder periods.

Whether you’re upgrading or breaking ground, Hypercharge can tailor EV charging solutions to your growing needs.

For retrofits, our EV Ready Plan simplifies installation and keeps budgets in check with expert site assessments, in-depth Electrical Planning Reports (EPR), and reliable cost estimates.

Ready to build? Hypercharge’s Project Design and Installation team works with trusted electrical contractors to plan and launch your EV charging project.