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Inside CBRE’s Continued Push Into EV Charging Infrastructure
Rivals JLL and Cushman & Wakefield are racing to keep up in the expanding EV market
Franco Faraudo & Nicholas Pipitone
October 15, 2024
In partnership with
Rivals JLL and Cushman & Wakefield are racing to keep up in the expanding EV market
Some property companies are considering a future where millions of electric vehicle (EV) charging stations dot the landscape—homes, parking garages, and highway exits alike. Thanks to a $7.5 billion investment from the Biden administration, this vision is becoming reality. With over 60,000 public charging locations already in place and more on the way, the race is on for commercial real estate to adapt.
CBRE is leading the charge, partnering with EV+ to deploy charging systems at 10,000 properties, transforming hotels, healthcare facilities, and multifamily complexes into EV-friendly hubs. But they’re not alone; JLL and Cushman & Wakefield are also investing heavily in EV infrastructure, eyeing the lucrative potential of a booming market.
As consumer interest in EVs fluctuates, the need for accessible charging is skyrocketing. Could investing in EV charging stations boost property values and generate new revenue streams? The data appears to say yes. With estimates suggesting nearly 13 million charging ports will be needed by 2030, the demand is clear.
Dive into the details of this electrifying opportunity and see how CBRE and the commercial real estate industry is gearing up for the EV future! 🚗💡 Not a subscriber yet? You can get access to all of our exclusive content for just $1 for the first month. Sign up now.
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