With New York City’s Local Law 55 mandating EV chargers, landlords face mounting pressure to provide charging amenities in garages and parking lots, which can require substantial electrical upgrades. By 2035, garages must have 20% of spaces equipped with Level 2 chargers and 40% charger-ready. Installation costs average over $7,000 per charger, with high maintenance expenses. Companies like Orange Charger and Gravity Mobility offer scalable solutions, with the latter partnering with Related Companies for Manhattan Plaza. Con Ed supports installations through its PowerReady incentive, covering up to 90% of costs for publicly available chargers, capped at $13,500 per plug.
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