GlobeSt.com has for an extended time reported on EV chargers as part of CRE development. If tenants and visitors at multifamily buildings, retail, office, industrial, and more were increasingly likely to drive an electric vehicle, planning for charging capabilities made sense. Then there is the question of electric trucks at warehouses and logistics facilities.

However, over the last year, news and trend data show that the full-on push to have EVs everywhere has run into a major speed bump. That doesn’t mean the vehicles will suddenly disappear, but they may not accomplish the once-expected roll-out. In other words, markets have become much more complex.

For example, in 2023, GM cut EV production goals because of falling demand as the company said in an October 24, 2023, earnings call. “We're also taking immediate steps to enhance the profitability of our EV portfolio and adjust to slowing near-term growth,” said CEO Mary Barra. “These steps include moderating the pace of our EV acceleration in 2024 and 2025 to maintain strong pricing.”