In the op-ed published by Crain’s New York Business, Dan and Vinod offer four steps for commercial property owners to take:
First, begin thinking about the nature and needs of existing properties in this context. Consider the number of existing parking spaces, the proximity of the electrical infrastructure, and the potential demand for electric vehicle charging. Also consider the marketing benefits of offering sufficient electric vehicle chargers to potential tenants—to meet their needs and underscore the property’s environmental commitment.
Second, if the anticipated needs are substantial, survey the infrastructure. Secure professional assistance to evaluate the existing electrical infrastructure and what is needed to adapt it. That will be determined in part by the capacity of the needed electrical service upgrade, the distance from existing electrical service to the sites where chargers are needed, whether digging trenches is required, and any local law requirements.
Third, determine the estimated cost of any needed upgrade. The cost has three primary factors: the upfront infrastructure upgrade required; the extent of financial incentives available, and the potential for the upfront cost to be reimbursed over time through a nominal surcharge (perhaps 10 cents per hour per charge) beyond the energy consumption used by each vehicle serviced.
Fourth, develop a staged plan to meet the need. Determine how many electric vehicle chargers are required and when. Activate the plan so that the property is suitably ahead of the demand.
The full op-ed is available here. If you would like to speak with Dan or Vinod, please contact Judith O’Driscoll at [email protected].
