EV Charging Stations

The race is on among automakers to end gas and diesel relationships. GM is committed to an all-electric, zero emissions future with 2 new models soon and 18 more by 2023.

It is not just multifamily where EV charging stations might make sense. An article in Cornell Real Estate Review makes the case that shopping centers should consider adding them to attract retail customers, citing the consumer “linger factor” of increasing retail sales while waiting for cars to charge. They estimate that the payback period for adding EV stations would be about 30 months.

EV Charging stations provide a source of revenue for shopping center owners, hotels, restaurants and cinemas that provide them.

They estimate that the payback period for adding EV stations would be about 30 months. Check out: Cliff’s LinkedIn article

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