Everyone knows the adoption of electric vehicles (EVs) has been impressive. It continues to accelerate, and property owners, managers, and business owners must meet the EV needs and expectations of tenants with EVs. With EV requirements becoming a new filter for today’s renters, employees, commercial tenants, and hotel guests, tenants and customers are seeking properties and hotels that meet their EV necessities, as access to EV charging and parking remains their top amenity. For business owners, property owners, and property managers, this ongoing substantial shift towards EVs continues to present valuable opportunities to enhance net operating income (NOI) and attract new high-demand EV tenants by doing something simple: investing in EV charging stations. With ParqEx’s property and parking technology, property owners and managers can convert this ever-present and increasing EV demand into an income/revenue-generating asset that drives high occupancy. Learn how to maximize your property’s NOI and tenant demand with ParqEx EV charging parking solutions!

5 Ways to Maximize Your Property’s NOI and Tenant Demand with ParqEx EV Charging Parking

1. Unlock New Revenue with EV Charging

EV charging is no longer just a nice “cherry-on-top” feature for existing and potential tenants. It is a fully monetizable amenity that can dramatically enhance your property’s NOI (net operating income). How? ParqEx’s parking management platform enables property owners and managers to seamlessly manage and charge fees for EV access across their entire portfolio. So, whether you manage multiple multifamily properties, a mixed-use property, an office park, a hotel or hospitality property, or a residential property, ParqEx will help you unlock an immediate and new charging station revenue stream opportunity with EV charging integration.

Through ParqEx’s EV parking management system, property owners and managers can list and manage EV charging parking spots with a set of EV usage rules strictly enforced by EV parking enforcement. They can also set flexible pricing strategies (hourly, session-based, or by energy use) and collect EV parking payments directly through the ParqEx platform.

ParqEx Tip: ParqEx’s platform simplifies tiered pricing! By lowering EV charging and parking rates for your residents and employees while charging a premium for guests or public renters looking to charge or park their vehicles, you can maximize the ROI of your EV charging station while keeping tenant satisfaction high. So maximize your ROI and maximize your property’s NOI and tenant demand with ParqEx EV charging today!

2. Attract and Retain High-Demand EV Tenants

EV owners are often among the most desirable tenants. More often than not, they are affluent, conscious of reducing their carbon footprint, and technologically savvy, making them excellent tenants for residential and commercial sectors. By strategically prioritizing EV amenities and offering user-friendly and reliable EV charging stations, your property is more likely to attract and retain EV tenants.

ParqEx’s EV charging management software assists property owners in making EV amenities easy and accessible through its built-in real-time availability feature, permitting EV tenants to create reservations for charging. ParqEx’s access control system and license plate reading cameras further enhance property access and security. Thanks to ParqEx’s systems, EV tenants can enjoy convenient and secure access to the property. With custom user permissions designed to allow only authorized residents, tenants, employees, and their guests on the property, property managers can ensure security while providing EV amenities to their community.

ParqEx Tip: By providing EV amenities and EV charging stations for properties, your property can diminish vacancy rates and increase the likelihood of retaining existing tenants. Don’t let your neighboring competitors take your tenants away because your EV system is lacking! Check out a ParqEx real-world win (case study) where we have successfully helped a property manage their EV tenant amenities, helped manage parking & charging, and helped attract and retain EV tenants!

3. Streamline Parking and Avoid EV Charging Headaches

Electric vehicle charging presents its own set of headaches and challenges, and without a smart parking system like ParqEx’s to assist in managing parking, it can lead to a logistical nightmare. Some common EV parking issues that ParqEx’s EV charging solutions address include non-EV vehicles parking in EV charging spots, misuse of the charger, overnight charging, revenue limitations, and more. ParqEx resolves all these problems with EV property management tools designed to enhance operational efficiency and automate EV charging and parking enforcement property technology.

A few perks of ParqEx’s EV charging and parking management platform include, but are not limited to, pre-scheduled access to EV charging stations to prevent the overuse of EV charging spots and ensure fair access for all tenants, automated notifications when charging sessions are nearing completion, and EV charging usage data and analytics to help property management optimize pricing and usage terms.

ParqEx Tip: By strictly enforcing EV charging, property managers can effectively enforce idle fees (when an EV remains plugged in despite being fully charged), earn parking enforcement revenue, and make the most of high-demand EV charging periods (significant revenue-earning potential). This will ensure fair use among EV owners and increase charger turnover, adding more NOI.

4. Earn ESG Benefits and Future-Proof Your Property

All cities are moving towards cleaner initiatives with stricter building regulations and larger, cleaner energy goals. As these cities embrace clean initiatives, EV charging is increasingly central to ESG (Environmental, Social, and Governance) strategies. By providing EV charging to tenants and external transient EV users seeking a quick recharge of their vehicles, property managers can align with sustainability goals and truly future-proof their properties.

ParqEx’s EV parking and charging management system helps property owners and managers earn green certifications with an incredibly marketable EV charging amenity, detailed visibility into energy usage trends with ParqEx’s detailed EV charging reporting and analytics, and can take advantage of these detailed data reports for ESG reporting purposes.

ParqEx Tip: Properties with well-managed EV charging infrastructure stand out from other properties as they are green-certified with green building amenity highlights! This can attract many eco-conscious tenants and even investors. Therefore, invest in your EV charging infrastructure to maximize your ESG real estate strategy and ESG benefits, draw in the right tenants, and future-proof your property with EV infrastructure and parking management technology, letting ParqEx handle the rest. Talk about a sustainable property upgrade!

5. Enhance Guest and Employee Experience with Reliable Charging

Let’s talk more about the commercial side of things. Whether you are a property owner or manager of a hotel, a corporate office, or a mixed-use property, providing EV charging for commercial buildings is equally as crucial as it is for the residential sector. Investing in your property EV charging infrastructure improves user experience and boosts loyalty among employees and customers. Travelers are more likely to book a reservation at hotels with EV charging options to meet their EV needs, and employees will also find value as they can charge their vehicles while they work.

ParqEx helps offices, mixed-use developments, and hotels enhance guest and employee experiences with seamless EV charging by securing access to these EV charging spots exclusively for guests or employees. It facilitates the reservation process of EV charging stations within ParqEx’s parking management system. It offers flexible pricing, payment (with validated EV parking features already available), and tracking for any reimbursement or billing needs.

ParqEx Tip: Wondering how to attract EV tenants and guests to your property? EV amenities are highly marketable! By promoting your property’s EV parking and charging features on hotel booking platforms, job listings, or leasing materials, your property can attract a higher tier of customers and employees who might have considered looking elsewhere. 

Last Thoughts: ParqEx Turns EV Demand Into NOI Growth

The EV revolution that many spoke of years ago is fully here! Properties that have yet to prepare and build an EV infrastructure are losing valuable revenue-generating opportunities. For properties playing catch-up and those seeking EV parking and charging management systems, partnering with ParqEx will maximize the benefits of our smart parking revenue engine. With ParqEx’s dynamic and predictive EV charging pricing options and the ability to schedule access to EV charging stations, ParqEx provides property managers and owners the tools to optimize NOI, enhance tenant and guest demand and satisfaction, streamline the property’s entire parking operations, and dramatically future-proof the property.

So what are you waiting for? Maximize your property’s NOI and tenant demand with ParqEx EV charging! Contact a ParqEx sales representative today and let our EV solutions enhance your property’s performance.

FAQ: Maximize Your Property’s NOI and Tenant Demand with ParqEx EV Charging

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As electric vehicles (EVs) continue to take over the roads, hotels now have an enticing possibility to attract EV-driving travelers by offering EV charging stations on their hotel property. Why don’t all hotels already have EV charging bays, you ask? Ignoring the initial investment costs, efficiently managing these electric vehicle charging stations can be challenging, costly, and time-consuming. This is where ParqEx’s innovative property technology seamlessly facilitates all EV needs at any hotel across the country. So, let’s jump in and explore how to enhance your hotel’s EV charging with ParqEx’s property technology. 

Benefits of ParqEx’s PropTech for Hotel’s EV Charging

Streamlined Parking Management

Parking management is a headache no hotel property owner or manager wants to deal with. Fortunately, ParqEx’s Parking Access & Revenue Control Systems (PARCS) provide a convenient and straightforward solution for managing all hotel parking spaces, including those with EV charging stations. With features like License Plate Recognition (LPR) and the Access+ App, hotels can automate entry and exit, ensuring only authorized guests use the EV charging spots. ParqEx’s access control lines (LPR and Access +) enhance security and improve the overall guest experience by reducing wait times and ensuring vehicles are safe and secure in the hotel’s parking facility. This level of convenience can significantly boost guest satisfaction and loyalty, relieving you of the parking management burden.

Enhanced Guest Experience

By integrating ParqEx’s technology, hotels can offer guests a convenient and touchless parking experience. Guests can register their vehicles through ParqEx and the hotel’s booking interface and reserve their parking spot on ParqEx’s parking app before arrival. EV guests can easily make reservations at EV-designated parking spots and then take advantage of the charging stations upon arrival. After reaching the hotel, vehicles can enter the parking lot seamlessly as ParqEx’s LPR technology recognizes the pre-registered license plates, allowing for a smooth and hassle-free entry. 

Increased Revenue Opportunities

One of the most unquestionably rewarding avenues in how to enhance your hotel’s EV charging with ParqEx’s property technology is the various revenue opportunities. EV charging stations are high in demand and particularly low in supply. Consequently, ParqEx enables hotels that have invested in EV charging bays to monetize their EV charging stations effectively. With AI-powered dynamic and predictive pricing tools built into ParqEx’s platform, hotels can set competitive pricing for charging sessions based on kilowatt-hours (kWh) or time spent charging. Moreover, hotels can charge for parking, adding another EV revenue-generating opportunity for hotels. By attracting EV owners, hotels can increase occupancy rates and encourage guests to spend more on amenities like dining and spa services while resting assured that their vehicles are fully charged and secure in the hotel parking facility. This potential for increased revenue is an exciting prospect for any hotel owner or manager.

Sustainability and Brand Image

Every company needs sustainability goals. Installing EV charging stations and ParqEx’s environmentally conscious LPR technology aligns with sustainability goals and shows a dedication to environmental commitment. By investing in EV charging bays, your hotel will become a sustainability leader ahead of its competitors in terms of environmental goals. With EV charging stations on-site, ParqEx’s technology then helps hotels manage all the EV stations efficiently, ensuring they are always available for guests who need them. This commitment to green initiatives can enhance the hotel’s reputation and attract all EV-driving guests.

Future-Proofing the Hotel

As the number of EVs on the road grows, having a robust EV charging infrastructure will become a standard expectation for many travelers. It has already gotten to the point where EV owners are booking hotel reservations based on EV amenities. With EV sales continuing to rise with no end, EV charging bays and property technology are an excellent future-proofing investment. By deploying ParqEx’s property technology and parking management platform, hotels can stay ahead of the curve and ensure they are well-equipped to meet future demands. This reassurance about your hotel’s long-term viability is a crucial benefit of ParqEx’s technology.

That’s a Wrap!

ParqEx’s property technology offers a complete solution for hotels seeking to optimize their EV charging stations, EV parking spots, and EV amenities. From streamlined parking management to enhanced guest experiences and increased revenue opportunities, ParqEx’s property technology helps hotels stay competitive in an evolving market. By embracing ParqEx’s market-proven innovative property technology, hotels can attract more guests, appeal to eco-conscious travelers, future-proof their hotels, and reinforce their commitment to sustainability.

Thanks for reading “How to Enhance Your Hotel’s EV Charging With ParqEx’s Property Technology.” We hope you learned how ParqEx can help hotels optimize their EV charging infrastructure. If you are ready to take your hotel to the next level in parking management, property security, and meeting EV needs, book a demo with ParqEx. Let us start talking EV charging for hospitality!

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As the world firmly shifts towards electric vehicles (EVs), companies face new challenges, particularly regarding employee parking and providing an adequate supply of EV charging facilities for EV-driving employees. While EVs offer numerous uncontestable benefits, including fewer vehicle emissions and lower operating costs, the transition also brings unique parking challenges to the entire parking industry. For businesses seeking help with their EV parking management, ParqEx offers reliable EV employee parking solutions for a sustainable future, providing relief and confidence in overcoming these challenges. Read on and discover how our parking technology addresses and resolves all EV employee parking challenges.

EV Employee Parking Solutions for EV Parking Challenges

Limited Charging Bays

One of the biggest challenges for almost every business is the limited number of EV charging bays available at workplaces. In many cases, many employees, if not most, drive EVs, and the demand for charging stations typically far exceeds the supply, leading to irritation and competition among employees who need to charge their vehicles during the workday. To address this, businesses can:

• Add More Charging Stations: The no-brainer solution is investing in additional charging stations. A larger supply of EV stations can help meet the growing demand. However, adding more charging stations will not entirely resolve the problem for businesses in heavy EV states like California.

• Use a Reservation System: One of the most straightforward solutions to the EV employee parking problem is implementing a reservation system. Allowing employees to reserve charging spots in advance can help manage usage more effectively, giving businesses control over their parking resources. This is one of the easiest ways ParqEx offers reliable EV employee parking solutions for a sustainable future. Learn more about ParqEx’s EV employee parking reservation system.

• Encourage Off-Peak Charging: Of course, it is far more convenient for EV-driving employees to pull into an EV charging spot immediately when they arrive at the beginning of their workday. The issue is that everyone operates under that same mindset unless encouraged otherwise. A great way to encourage off-peak charging is to incentivize employees to charge their vehicles during off-peak hours via various parking discounts. This can help reduce EV parking congestion during peak times. See how ParqEx works with every business regarding parking incentives and promotions for a quick EV parking fix!

Overstaying After Full Charge

One of the main and most aggravating EV employee parking issues is when employees leave their vehicles in charging bays long after they are fully charged, preventing others from using the charging station. This causes inconvenience and lost revenue for the business and irritation for other EV-driving employees. A few EV employee parking solutions to this problem include:

• Time-Based Fees & “Idle Fees”: Tesla, a market leader in EV vehicles, has struggled with proper enforcement when EVs overstay after a full charge at their various nationwide supercharging stations. They started implementing “idle fees” of $0.50 per minute for vehicles that remain in charging bays after they are fully charged, which can encourage employees to move their cars promptly. Learn how ParqEx’s smart parking technology system vigorously enforces time-based charging fees to help reduce companies’ EV employee parking challenges.

• Automated Notifications: Notifying employees when their car is fully charged can remind them to move their vehicles. With reservation systems like ParqEx, EV-driving employees will receive automated reminders and notifications when their reservation window is about to expire. Depending on company policies, ParqEx’s system can offer choices to extend reservations, issue moving reminders, or take enforcement actions on the offending EVs, giving businesses the control and flexibility they need to manage their parking effectively. 

• Parking Management Systems: Advanced parking management and enforcement systems, like ParqEx’s parking management platform coupled with their Enforcer App, can be utilized to monitor and manage the use of charging bays effectively. For businesses who have repeat EV overstaying after complete charge offenders, ParqEx’s robust Enforcer App offers companies the opportunity to instantly enforce parking rules and regulations and set a new standard for EV employee parking at workplaces. The enforcement app allows instant notifications, automatic penalties, and detailed reporting, ensuring parking rules are consistently and fairly enforced.

Software and Payment Processing Issues

Technical issues such as software malfunctions and payment processing errors can quickly disrupt the charging process and cause frustration for employees and employers. As this EV employee parking challenge is not typically something businesses can fix in-house, these tend to be the most daunting. To resolve these issues, companies can:

• Regular Maintenance: Regular maintenance checks are always recommended for any tech. Conducting maintenance checks on each EV charging bay helps businesses ensure charging stations function correctly and they will not suddenly have various EV charging stations out of order, adding fire to the already tricky EV employee parking situation.

• Reliable Payment Systems: For companies adding another revenue stream to their business via EV charging stations, reliable payment systems are vital. Companies can rest a bit easier by investing in reliable payment processing systems to minimize errors and ensure smooth transactions. See how ParqEx’s parking management system provides reliable payment systems and real-time insights and analytics on each EV charging station.

• Customer Support: In a technology-heavy world, reliable customer support has become even more crucial. Strong customer support that addresses issues promptly and efficiently relieves employees and employers. See how ParqEx’s standout customer support team can help provide reliable EV employee parking solutions for a sustainable future at your workplace.

Revenue Limitations

Regarding EV charging, some businesses ask EV-driving employees to pay for parking and charging, pay for just charging, or pay for just parking. For companies that offer free charging, the cost of electricity can add up quickly when most of their staff owns EVs. To offset these costs, businesses can:

• Charge for Usage: Implementing a parking fee for using the charging stations is a great way to offset the electricity cost. Parking fees can help cover the cost of electricity and any maintenance that may be needed. With parking reservation systems like ParqEx, EV charging stations can be reserved in advance, and payment can be made automatically via the ParqEx parking app.

• Tiered Pricing: Different parking pricing tiers based on the time of day (i.e., during off-peak hours when businesses can offer parking discount incentives) or duration of use (many companies operate with a max meter use of 4 hours) can encourage efficient use of the charging stations and bring in a reasonable amount of EV parking revenue for the business.

Improper Use of Charging Stations

When it comes to parking, people tend to break various parking rules and regulations, especially when finding parking, which is already a struggle. Ensuring that only EVs use the designated charging bays is a challenge that has surfaced and increasingly aggravates EV drivers and businesses. Non-EV vehicles occupying these spots can cause significant inconvenience. Solutions include:

• Clear Parking Signage: Clear signage around a parking facility is always good. Installing clear signage that indicates that the spots are reserved for EVs only will help eliminate parking violations. If you need a hand with signage, ParqEx has every version of a parking sign your business could need!

• Enforcement Policies: Implementing strict parking enforcement policies, such as fines, booting, or towing, for non-EV vehicles parked in charging bays is a solid, reliable solution for this EV employee parking challenge. ParqEx’s Enforcer App has seen success at countless properties and businesses nationwide. Learn more about our enforcement solution and how we can enforce non-EV vehicles and offending EVs (i.e., those overstaying full charge).

• Employee Education: Ultimately, the employees are the brunt of this major inconvenience. Proper employee education about the importance of keeping charging bays available for EVs can also help limit these parking violations.

Overnight Charging

For employees who do not have access to home charging, charging at a workplace is essential. For businesses offering overnight charging at the workplace, this can also lead to increased EV parking congestion and unfair usage of charging facilities. To manage this, companies can:

• Designate Overnight Charging Spots: By allocating specific spots for overnight charging, businesses can ensure that remaining charging spots are available immediately for employees in the morning. With parking platforms like ParqEx, designating specific overnight charging spots is simple. See how ParqEx’s EV parking and charging reservation system can help your business with overnight charging.

That’s a Wrap!

While the transition to electric vehicles presents several parking challenges for the entire parking industry, reliable solutions exist that companies can implement to ensure a smooth and efficient experience for their employees. By investing in additional charging bays, implementing smart parking management systems, using a parking reservations system, and properly enforcing parking, businesses can overcome these challenges and move toward a more sustainable future.
For companies facing these challenges, ParqEx offers comprehensive parking solutions to meet the needs of EV drivers and employers. With over ten years of experience managing parking-related issues, ParqEx can help you implement reliable EV employee parking solutions for a sustainable future! Book a meeting with our team and learn how we can assist your business.

FAQ – Reliable EV Employee Parking Solutions for a Sustainable Future

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The Avenue at East Falls, a prominent apartment complex in Philadelphia, faced significant challenges managing its parking facilities. With a diverse tenant base, including Airbnb units, and limited parking space, the management needed an innovative solution to optimize parking allocation and ensure tenant satisfaction. This case study explores how ParqEx’s parking technology effectively solved these challenges and was the solution to streamlining parking management at The Avenue.

The Challenge

Several issues plagued the Avenue’s parking system:

• Limited Space: With only three parking zones (Garage, Adjacent, Across), there was a need to allocate spaces efficiently, especially considering the different needs of the studio, one-bedroom, and two-bedroom apartments.
• Airbnb Complications: The Avenue hosts 35 Airbnb units, each requiring a flexible parking solution for guests.
• Technology Integration: The lack of an advanced system to manage parking reservations and enforce rules.
• Tenant Satisfaction: Ensuring easy access and convenience for all tenants, including those with EVs or requiring ADA-compliant parking spaces.

The Solution

ParqEx implemented a comprehensive parking management solution with several key components:

1. Digital Platform Integration: ParqEx developed a customized digital solution, allowing tenants to easily register, select parking zones, and manage monthly reservations.
2. Advanced Features:
   • License Plate Recognition (LPR): Automated entry and exit in parking areas.
   • ParqEx Access+ App: A user-friendly app for tenants to manage parking reservations.
3. Dedicated Airbnb Parking Management: A unique system was set up for Airbnb units, enabling easy management of guest parking.
4. EV Charging Stations: Special provisions for EV charging, including a reservation system with a maximum 4-hour limit.
5. Clear Signage: Installation of informative signs for different parking zones, rules, EV charging instructions, maintenance vehicles, and loading zones.

Implementation

The project was meticulously planned and executed in phases, ensuring minimal disruption to tenants. Key phases included:

• Initial Setup: Finalizing the agreement with ParqEx and outlining specific needs.
• Technology Implementation: Setting up the ParqEx platform and LPR system.
• Communication and Training: Developing a tenant communication plan and staff training.
• Finalization and Launch: Conducting final system checks and launching the program.

Results

The implementation of ParqEx’s solution at The Avenue led to several significant outcomes:

• High Tenant Enrollment: Achieved a 90% enrollment rate among tenants within three months.
• Improved Satisfaction: Tenant feedback indicated a high level of satisfaction, particularly noting the ease of use and convenience of the ParqEx platform.
• Operational Efficiency: A significant reduction in parking-related inquiries and violations.
• Financial Performance: Met the revenue targets set for parking services within the first fiscal year.

ParqEx’s innovative parking solution successfully addressed the unique challenges faced by The Avenue. Integrating advanced technology, user-friendly platforms, and strategic planning resulted in a streamlined parking management system, enhancing tenant satisfaction and operational efficiency. This case study demonstrates ParqEx’s capability to provide custom solutions for complex parking problems in urban residential settings and how streamlining parking management can be achieved through ParqEx’s technology.

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Without a shadow of a doubt, the world is shifting to electric vehicles (EVs). An electric vehicle (EV) is defined as a vehicle that can be powered by an electric motor that draws electricity from a battery and is capable of being charged from an external source. They are more environmentally friendly and are less expensive to run and maintain as compared to combustion engines that run on fossil-based fuels like gasoline. With states like California stating they will stop selling new internal combustion vehicles within the next 15 years, this trend is here to stay. Of course, electric cars have several benefits, but one looming issue surrounding the electric vehicle industry is the EV parking challenges. Sure, the issue of fair access to EV charging stations continues to be a primary focus, but the challenges continue beyond there.

Limited Electric Vehicle (EV) charging bays

For many, an electric vehicle (EV) is a no-brainer. They have their own EV charger at home, never struggle with range anxiety as they only commute to and from work for the most part, and save money as they no longer have to worry about the price of gasoline. But what happens when you forget to charge the night before and discover you are in the red and need an EV bay as soon as possible? If you are in a populated city, chances are you will find a charging station and be okay. But that may be different for those who live in smaller communities. Sure, some of those new apartment buildings and condos have charging stations in their parking facilities, but how do you access those in dire moments of need?

Software Issues

For those with electric cars, we know you have experienced your fair share of “Out Of Order” charging bays. Like all technology, these charging stations are great until they do not work. Not only are these software issues frustrating for the owners of the stations looking to earn revenue, but for the drivers as well. The familiar feeling of dread seeps into you as you suddenly realize that you might run out of charge before you reach your next charging station. Alternatively, you finally find a working station, yet there is a long line, as many have experienced the same as you with software issues. At that point, what do you do, risk running out of battery and arriving at your meeting on time, or call an audible and wait in that line to charge? And what about the owners of these charging bays with software issues? What are they to do when their charging stations experience errors one after another?

Payment processing errors

Talking about errors, what about all those payment processing errors these charging stations experience? How do the owners or managers of these charging stalls limit such errors? What about the instance where a vehicle has been fully juiced up, yet upon payment, they experience a processing error? Does that driver just figure it is their lucky day and drive away? Or are there means of billing that user after the fact? The installment of these charging bays is costly, so lost revenue such as this must be extra painful.

Revenue limitations

As revenue is always top of mind, it seems outrageous that some of these charging stations still need to adapt to collect revenue. Of course, at the beginning of the EV wave, drivers could charge their vehicles for free at these various charging stations. But, as mentioned above, revenue is vital for everyone. Consequently, most charging stations adapted and have revenue-collecting capabilities, but some still need to. For charging station owners who are not looking to spend more to make more, there has to be an alternative, right?

Improper use of charging stations

Have you ever been in a rush to get to a meeting or an appointment and struggled to find parking? Of course, you have! Who has not? Have you ever been tempted to pull into that open guest, handicapped, or EV parking spot? We strongly suggest otherwise, as that is wrong! But people often misuse resources such as these. How does property management enforce proper parking in these situations? How do they ensure that only electric vehicles use these charging bays?

Overstaying after full-charge

If I were to jump into my car and head downtown to do a little shopping and get a meal with some friends, I would pull into the parking lot, fully intending to keep my car in that spot until I headed home. Unfortunately (for EV charging stations), most people operate under that mindset. So the question is, how do EV charging bay owners handle overstaying after a full charge? They must maximize the number of vehicles plugging in to make the most revenue. So when cars overstay, they again lose revenue. How can these owners enforce parking and ensure they earn all their potential income? This is by far one of the biggest EV charging challenges experienced all across the country!

Overnight charging

For EV owners with their own charging stations in their home garages, they may have the best setup. They go home, plug their car in for the night, unplug it the next day, and go about their lives. But what about electric car owners that live in apartments and condos? Yes, their building has various luxury amenities, including EV charging bays, but only a handful are available. So how do these drivers ensure they can charge their cars before tomorrow? And for property management and ownership, as mentioned above, they want to make sure that people are only using the stalls until they have fully charged. So how do they make sure that there are no overnight charging situations? They, of course, want to make the most revenue off these stalls but also want to ensure fairness amongst their tenants and residents. So how do they differentiate between EV charging spots and EV parking spots?

In no shape or form are we saying that the electric vehicle industry is giving us more issues than benefits. Instead, we are simply pointing out the obvious and logical electric vehicle (EV) parking challenges we have seen nationwide. For EV charging station owners and property managers who face these types of challenges and more, we can help. ParqEx has years of experience dealing with all parking-related challenges, including EV charging! We’re what you call a one-stop-shop parking platform! Book a meeting with our Electric Vehicle (EV) Parking specialist, and we will provide you with a custom parking solution to overcome your electric vehicle (EV) parking challenges.

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