Gone are the days when you spotted one green numberplate among a thousand white ones. These green plate EVs are all the rage now. India has finally jumped over the hurdles of owning an EV; but with just a little over 16,000 EV charging stations in the country, we have a long way to go. 

There are 3.95 million EVs in on the roads right now! As per a Niti Ayog report, the government aims to have 40% buses, 30% private cars, 70% commercial vehicles, and 80% two-wheelers to be electric by 2030. To reach the green milestone of our dreams, India requires a total of 39 lakh charging stations.    

While highways, malls, hotels, and offices are quickly taking the EV route, housing societies aren’t jumping on the trend as quickly. But if we look a little deeper, we would understand that the best place to set up an EV charging station would be near your home. An array of smart real estate developers is leveraging the presence of EV charging stations and presenting them as USP to the buyers.  

With the entourage of people owning an EV becoming heavier, it would be utterly beneficial for housing societies to chime in on this opportunity. A common charging station not only creates a sense of sustainable community and fosters shared responsibility among people, it also benefits the residential societies in more ways than one.

As EVs continue to take over, range anxiety continues to persist. To that effect, a lot of people prefer that they recharge their car before stepping out. This is where having a charging point close by comes in handy. Mumbai, a city with 1,000 charging points for instance, has 385 points in residential societies alone. Tata Power has taken it upon themselves to equip Maharashtra with an additional 4,000 points. Needless to say, EV charging points are taking over the market for good.  

While this is happening, residential societies still find themselves hesitant over setting up a charging station. One of the main concerns is whether there is sufficient demand. Between April 2023 and March 2024, India witnessed the sale of 1.66 million EVs! This will only catapult demand for EV charging points.  

A lot of societies worry that the wholesome end needs a worrisome experience. But if you’re in the right hands, your EV future will be bright and green as ever. Resorting to reliable resources and field experts can help curb your tensions. Tata Power for instance, has deployed over 62,000 chargers across the country. With their round-the-clock support and exceptional after-sales services, you can be relieved of all your stress.  

Convenience for EV owners

Having an EV charger at one's housing society is a source of great joy to EV owners. It not only takes away range anxiety, but also allows the owners to charge their vehicle during downtime. No more detours to a charging station before taking a trip. So, it helps save time and money, all in one go! 

Attracts eco-conscious residents

As the consciousness towards eco-friendly modes of living grows, more and more people are drawn to residences that keep in mind their eco-conscious needs. Societies with solar rooftop setups, groundwater recycling, and lush parks are appreciated. The prolific need for EV charging stations, and the lack thereof in the country, motivates a lot of environment-loving people to move to housing communities with these charging points.  

Having an EV charger available in your society instead of your home takes away a lot of hassle—you no longer have to worry about maintenance or costs (however low they may be).

Revenue generation

EV charging stations can become a great source of revenue for housing society associations like RWAs in various areas. The station can be setup by pooling the resources of all the residents, and the service be disbursed at a constant rate. This can help avoid fluctuations that usually occur in the case of public and semi-public stations.  

Additionally, many state and central government incentives can bring in more money to society, thereby almost negating the cost of installation in the first place. 

Increase in property value

Properties equipped with home chargers generally have a greater increase in value compared to properties that lack such facilities. Additionally, such societies attract more residents, in turn leading to a boom in businesses in the area. The availability of such facilities means the property becomes a hot-selling cake on the market. So once the cycle is set in motion, there is growth on all ends. 

Reduction in carbon footprint

The availability of EV charging points two floors below their house, along with the benefits of owning an EV can motivate people to go the green way. This is where FOMO does its work the best! 

Even for people with hybrid EVs, recharging them at home becomes a more convenient option than using traditional polluting fuels like petrol and diesel. Installing EV chargers at home can thereby contribute to the overall reduction in carbon footprint in a particular area.

Societies with a greater number of EVs tend to have lower levels of sound and air pollution, thereby becoming a healthier abode for children and adults alike.