The unlocked potential for real estate and property developers.
Electric Vehicles (EV) popularity has significantly increased within the last few years. In fact, electric driving is becoming so popular that March 2018 was the best month of sales in EV history. To encourage the switch to electric even more, several European countries like the United Kingdom, France and the Netherlands have recognized its prominence and have set plans to ban all diesel and petrol vehicles in the near future.
The switch to electric mobility will not only impact the automotive industry. Building developers, architects and construction companies have a lot to benefit and prepare for. Looking ahead 10 or 20 years, architects and developers should assume that most cars on the road will be electric. As drivers require more charge stations at long stay locations such as offices, homes, shops or malls, parking spots in the future will double as fuelling stations. With that being said, implementing charge points in newly created parking spots is becoming increasingly necessary, particularly for new buildings and homes.
Architects and property developers, in conjunction with EV charging station manufacturers, should look to be informed on the growing need of charging infrastructure, how to install, and in which way to implement it. Developers installing charging points for electric cars need to understand, amongst other factors, implications on location access and layout to facilitate and optimise the electric installation.
With respect to future property owners and residents, architects and building developers should look to cater to the growth of EV drivers as soon as possible. As EVs become more common, visitors and residents to homes, apartments, shopping centers and parking complexes may factor in charging infrastructure as significant decision-making aspect. By offering accessible and available charge stations, future property value can increase significantly while also opening up doors to a wider target market. Providing smart charging solutions can distinguish a property from others, attracting a more diverse tenant base than previously possible.
Apart from the competitive advantage architects and construction developers may enjoy, installing charging infrastructure also enhances green initiatives and commitment to social and environmental responsibility. Reinforcing positive and sustainable driving by offering EV charging solutions is a commendable thing to contribute in. While charge points may bring in revenue streams and a wider tenant base, it also promotes a property’s environmental commitment.
To place yourself at the forefront of this automotive transition, devising a plan to implement charging infrastructure is now essential for future property development. Understanding where to begin can be challenging and NewMotion wants to help you prepare. Head over to the ‘Charging Solutions’ page to view a complete breakdown of property types, charge recommendations, quotes, and much more.
Below you will also find a link to a pdf, providing you with an introduction to some of the basics of this new and changing industry, the cost savings it can bring to real estate and property developers – and some tips on how being prepared for e-mobility can improve property attractiveness.