Electric vehicle charger

RESTON, VA—Volkswagen of America subsidiary Electrify America, headquartered here, has tapped JLL to source car charging station locations for its zero emissions vehicle (ZEV) infrastructure across the US. Electrify America plans to spend a total of $2 billion over four 30-month cycles to build out the infrastructure.

JLL EVP Walter Wahlfeldt and SVP Adam Cook are leading the team for site selection and due diligence. Plans call for the installation of charging sites along high-traffic highway corridors and community-based charging locations in major metropolitan areas coast to coast, from Seattle to Miami. The first phase of the plan is expected to see 2,500-plus non-proprietary electric vehicle chargers installed at more than 450 station sites, including 240 outside the state of California.

“Electrify America's investment in zero emission vehicle infrastructure is the largest of its kind ever made and will revolutionize charging infrastructure in the US,” Wahlfeldt says. “We're currently looking for accessible and regularly trafficked real estate locations that support drivers for the long-term and will keep the network of charging stations sustainable. The stations are brand neutral and are designed to service fast-charge capable EVs now and into the future.”

According to Electrify America's website, the company's vision is “to establish a premier ZEV charging network that is comprehensive, technically advanced and customer-centric—to drive ZEV adoption by reducing charging anxiety and increasing convenience. One of Electrify America's guiding principles is to build a network that is economically sustainable for the long term. Our infrastructure investment, combined with our education and access programs, will enable millions of Americans to discover the benefits of ZEV driving.”

JLL notes that in the US, electric vehicle sales rose 37% last year from 2015 levels, putting another 159,000 such vehicles on the nation's roadways. In fact, September 2016 marked the first time that EV sales counted for more than 1% of all new-car volume.

Moreover, JLL says, consumer choice is also increasing as automakers now offer about 30 EV models. And as demand for these vehicles continues to rise, so will the need for EV charging infrastructure.

Electrify America will install, operate and maintain chargers at its sole expense, including new utility service requirements and utility service accounts. JLL is seeking sites with property owners that include, but aren't limited to, mall REITS, restaurants, retailers, gas stations, mixed-use developments and hotels. “Electrify America onsite high-speed chargers will drive visibility as a unique property amenity and capture an increasingly larger mix of vehicle drivers as the EV market share grows,” according to JLL.

The first such charging stations opened in June at eight locations in Maryland and Virginia, according to Electrify America. In keeping with the retail-centric focus of JLL's site search, all eight stations are located at shopping centers within the Washington, DC metro area. They include: Pentagon City Fashion Centre in Arlington, VA; Ashburn Village Center in Ashburn, VA; Leesburg Corner Premium Outlets in Leesburg, VA; Bowie Town Center in Bowie, MD; Newgate Shopping Center in Centreville, VA; Stonebridge at Potomac Town Center in Woodbridge, VA; Dulles Town Circle in Dulles, VA; and St. Charles Towne Center in Waldorf, MD.

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

Once you are an ALM Digital Member, you’ll receive:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Paul Bubny

Paul Bubny is managing editor of Real Estate Forum and GlobeSt.com. He has been reporting on business since 1988 and on commercial real estate since 2007. He is based at ALM Real Estate Media Group's offices in New York City.

paulbubny

Just another ALM site