Preparing multifamily and retail properties for electric vehicle charging has become a search for business and funding models that will work. The necessary equipment is bulky, expensive, hard to install, and requires adequate power sources.
EV trucks make the considerations harder and costlier. Planning is more complex and, if you're managing a lot of trucks, likely requires working closely with local electric utilities to get the enormous power upgrades you'll need.
Patrick Sullivan is chief executive officer of EV Realty, which specializes in developing charging for medium- and heavy-duty (MHD) trucking fleets. These trucks range from local delivery vehicles to short-haul tractors that can pull 40-foot or 53-foot containers, typically between a port and relatively close warehouses.
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
Already have an account? Sign In Now
*May exclude premium content© 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.
