Experts Discuss Incorporating EV Charging Infrastructure in Commercial Real Estate
In a recent NAIOP webinar, electric vehicle (EV) experts Jess Cain, P.E., and Bryce Christensen, P.E., discussed how commercial real estate owners can benefit from installing EV charging stations. NAIOP’s Development magazine covered the webinar in an article titled “The Future of Electric Vehicle Charging: A Guide for Commercial Real Estate Developers.”
The two EV experts explored charging levels, site characteristics, business models, grants and funding, and revenue streams. Bryce explained how EVs’ increasing affordability is leading to higher consumer demand. In 2023, EVs accounted for more than 20% of vehicles sold in the U.S. and reached a 5.6% market share in the second quarter of this year. Jess also discussed Level 1, Level 2, and DC Fast charging and the power they require. Overall, our experts agreed that implementing EV charging infrastructure into commercial real estate properties is beneficial for sustainability, strategy, and enhancing the uniqueness and desirability of a site.
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