Driving into the Future: A Guide to Different Types of Electric Vehicles

With the rapid rise of electric vehicles (EVs) reshaping transportation and reducing carbon emissions, it’s more important than ever for property managers to understand this shift. Let’s take a look at the different types of EVs your tenants or customers might be using and why investing in EV chargers is a smart, future-proof decision for your property.

With so many EV options available, understanding their differences and needs can help building managers make informed decisions when installing and managing EV charging infrastructure. This includes the appropriate number, type, and power capacity of chargers to install, and whether they’re Level 1, Level 2, or Level 3 DC fast chargers. Learning more about the various types of EVs, and the differences between EV charger types, also better equips you to create charging policies, pricing models, and maintenance schedules.

Let’s break down the differences between three main types of EVs.

For many, PHEVs are the sweet spot between internal combustion and fully electric vehicles. They combine an internal combustion engine (ICE) with an electric motor and a battery that can be recharged through an external power source via a plug. PHEVs run on electricity for short distances before switching to gas or diesel for longer trips.

Key Benefits of PHEVs

• Improved fuel efficiency compared to traditional gas vehicles
• Flexibility to make longer trips without worrying about range limitations
• PHEV owners can apply for a decal that allows them to drive in HOV lanes on B.C. highways

HEVs have both a gasoline engine and an electric motor, but they don’t plug in. Their batteries recharge through regenerative braking and the engine. HEVs automatically switch between gas and electric power to optimize performance and reduce emissions.

Key Benefits of HEVs

• Better fuel economy than traditional gas cars, but still use gasoline
• Low fuel costs, making them a great choice for on-site property management vehicles
• No need for charging stations, which reduces infrastructure costs

BEVs are powered by an electric motor and a rechargeable battery. They don’t use gas or diesel and need to be plugged in to recharge.

Key Benefits of BEVs

• Zero emissions
• Lower operating costs and maintenance requirements than traditional ICE vehicles
• Potential for higher government rebates and incentives
• Quiet operation

Charging stations can elevate your building and your bottom line in many ways. When it comes to selecting EV charging stations for your building, you have many options. Let’s take a look at a few we recommend.

RVE EV Energy Management Systems

We’re a distributor of RVE’s patented EV energy management systems. RVE enables installation of charging stations in residential buildings to suit tenant needs and any technical limitations.

FLO EV Chargers

Looking for reliable and efficient charging infrastructure? FLO EV chargers offer convenient solutions. The FLO Ultra series is your go-to for high-demand environments, including commercial parking lots, highways rest stops, and fleet charging stations.

Murbly

Need a way to manage EV charging in a multi-residential building? The innovative online platform Murbly simplifies the process of adapting multi-family homes and condominiums for EV use. With Murbly, you can craft a charging strategy that aligns with your building’s needs, understand energy consumption, prepare parking spaces for EV charging, and safeguard electrical infrastructure.

Want to learn more about EV charging solutions for your building? Read our comprehensive EV Charging Guide.

Many rebates and incentives are available to reduce the cost of EV ownership and installation of EV chargers. These programs make it easier to invest in sustainable infrastructure while future-proofing your property.

Rebates for PHEVs

PHEVs may qualify for government rebates in some regions, but the rebates are typically smaller or have different eligibility requirements than those for Full EVs. Incentives are often determined by the vehicle’s electric range and battery capacity. 

Rebates for HEVs

Despite being more fuel-efficient than regular gas cars, HEVs typically do not qualify for government rebates because they are not fully electric or plug-in vehicles.

Rebates for BEVs

BEVs are eligible for government rebates or incentives in most regions, which can significantly reduce the upfront cost of purchasing an EV. Federal and provincial rebates may vary based on the vehicle’s price, battery size, and other criteria, so be sure to check what’s currently available in your area.

EV Incentives for Property Managers

In addition to rebates for drivers, there are also rebates and incentives for property managers who install EV chargers at their locations. Programs across Western Canada offer financial support for installing Level 2 or higher chargers, reducing upfront costs and helping properties meet growing demand for EV charging infrastructure. These incentives can help you attract eco-conscious tenants, boost property value, and demonstrate your leadership in sustainability.

You’ll also find current government EV charge rebates, grants, and tax incentives available in your area on this FLO web page. 

All EV types offer unique benefits, and understanding these is essential to making informed choices about infrastructure and maximizing savings. Now is the perfect time to explore rebates, make the switch, and install EV chargers in your building. 

Need help from a contractor as you work to enhance your property’s appeal and prepare your building for future EV demand? As an Electrical Contractors Association of British Columbia partner, we can help you find one!

Have other questions? Contact us—our talented team is always happy to help!