A “symbiotic” relationship has emerged between retailers, landlords and charging providers as the race among automakers to electrify their fleets, coupled with strong regulatory interest and investment at the state and local level, push more drivers to electric vehicles. 

An estimated 630,000 new EVs were sold last year alone in the United States, and two of the five top-selling cars in California are Teslas (the Model 3 and the Model Y), according to Jaryd Paul Meenach of Quantum Real Estate Advisors.  And at a discussion this week at ICSC Western States in San Diego, a panel of CRE and EV industry experts moderated by Meenach agreed that electric vehicle charging stations are no longer a “nice to have” in areas with high EV utilization rates.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

 

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2022 ALM Global, LLC. All Rights Reserved.