| |OCTOBER 20238CIOReviewIN MY OPINIONEV CHARGING AT HOMEBy Grant Ervin, Director of ESG and Innovation, S&B USAThe rapid growth in ownership of electric vehicles is requiring the real estate and property technology space to take the activities in electric mobility into deep consideration. Though real estate investors and owners are not transportation experts, it is crucial for them to become aware of the basic needs of the accelerating EV market. At the macro level, three main trends are occurring in the motorized transportation sector influencing real estate investors,1) automation (we've all heard of autonomous vehicles or "robot cars", 2) shared platforms (think of Uber or Lyft), and 3)Electrification ( think of your boss's Tesla or eco-conscious college roommate's Nissan Leaf). For the sake of this conversation, we want to focus on the transition from internal combustion engines (your gas or diesel vehicles) to fully electric vehicles. The electrification transition creates several technical challenges and opportunities that commercial and residential property owners need to consider, local governments can help support, and solutions providers can help accelerate. Installation of charging infrastructure should not be done as a "one-off" activity, but thoughtfully integrated into the capital investment considerations and operating decisions of a real estate asset
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