by Bassem Ghali
•
10 February 2024
The shift towards electric vehicles (EVs) is accelerating, driven by new technology, changing consumer preferences, and evolving regulations. In Toronto, the latest updates to the Green Standard and Ontario's Energy Code underscore the importance of preparing for an electrified future. Property managers who embrace this change by installing EV chargers not only align with current trends but also position their properties to attract and retain residents and visitors. Staying Ahead with Toronto Green Standard and Ontario Energy Code The Toronto Green Standard (TGS) is a set of performance measures promoting sustainable development. Recent updates emphasize the need for EV infrastructure, reflecting the city's commitment to reducing carbon emissions and promoting clean energy. Similarly, Ontario's Energy Code has introduced policies that encourage energy-efficient buildings, including provisions for EV charging stations. By installing EV chargers, property managers ensure compliance with these regulations, avoiding potential fines or costly retrofits down the road. More importantly, it demonstrates a forward-thinking approach, aligning your property with the province's green initiatives. Attracting a Growing Segment of the Market The EV market is growing rapidly, with more consumers opting for electric vehicles due to environmental concerns, lower operating costs, and advancements in technology. For property managers, this trend presents a unique opportunity. Providing EV charging stations can make your property more attractive to prospective residents and visitors, who increasingly consider this amenity essential. As EV adoption continues to rise, properties lacking charging infrastructure may struggle to stay competitive. Offering this amenity now not only meets current demand but also anticipates future needs, ensuring long-term appeal and tenant satisfaction. Load Capacity Assessments and Site Planning Before installing EV chargers, it's crucial to assess your property's electrical load capacity. Adding chargers can significantly impact your system, potentially leading to overloads if not properly managed. At Milestone Energy, we offer comprehensive load capacity assessments to determine the best approach for integrating EV infrastructure into your property. Our team also conducts detailed site assessments to identify optimal locations for chargers, considering factors like accessibility, safety, and convenience. These assessments help ensure that your EV infrastructure is efficient, scalable, and aligned with your property’s unique needs. Keeping Residents and Visitors Happy Providing EV chargers is more than just a compliance measure—it's a commitment to enhancing the quality of life for your residents and visitors. Access to reliable charging infrastructure reduces range anxiety for EV owners, offering them peace of mind and convenience. For property managers, this translates to higher tenant satisfaction, increased occupancy rates, and a reputation as a leader in sustainability. Time to Act! Installing EV chargers is not just about staying compliant—it's about future-proofing your property and staying ahead in a rapidly evolving market. With the right planning and execution, you can turn this investment into a key differentiator that attracts and retains tenants while supporting a greener, more sustainable future. Contact Milestone Energy today to schedule a load capacity assessment and site evaluation, and take the first step towards a more innovative and eco-friendly property.