TurnOnGreen EV Charger Company Installs Multiple Public Access Charging Stations
Electric vehicle charging continues to expand in CRE importance.
TurnOnGreen, formerly Imperalis Holding Corp., recently announced that it had finished installation of four public access charging stations in Sonora, California.
“Through a site licensing partnership with the Sunrise Hills Commercial Association, TurnOnGreen will install, operate, and maintain electric vehicle (“EV”) charging infrastructure that will provide EV charging services to the businesses, residents, and visitors of Tuolumne County and the City of Sonora,” a company press release said. “The project features multiple high-power, networked EVP700G Level 2 EV chargers that can be activated using the TurnOnGreen App, RFID cards, or a unique QR code on each EV charger.”
Charging facilities for electric vehicles have become an important consideration in commercial real estate and is likely to be even more so in the future. Such companies as General Motors and Volkswagen have announced goal deadlines — 2035 and 2030 respectively — to eliminate building internal combustion engines. Some states — Washington, California, and Massachusetts — have passed laws to eliminate such engine sales by 2030 for the first and 2035 for the latter two.
Sonora is in a major tourism corridor in California. “Providing EV charging solutions to this region is critical to accommodate the thousands of hybrid and all-electric vehicles that flock to this area each year,” the release quoted TurnOnGreen President Marcus Charuvastra as saying.
With such pushes from industry and regulators, commercial real estate has to seriously consider how to enable vehicle charging on and even around their properties. Ultimately, it’s impossible to separate CRE from transportation. Tenants often will need parking places, as will any sort of retail, office, or other facility that people travel to. Maybe mass transit will be a large factor, but it’s unlikely to be the only one. Especially when logistics, industrial, and trucking are involved.
Anyone investing in commercial real estate is almost always investing as well, one way or the other, in parking. That will also mean vehicle charging, as refill times are much longer than for fossil fuel-driven engines, so cars will have to be cleared to remain in one spot. Parking is the natural match. Even alternative approaches, like mobile chargers that direct themselves to a vehicle, need a car to be out of the way.
There’s been growing activity in the EV charging space for some time. CRE giants have already begun to pick EV charging partners, as GlobeSt.com has previously reported.