In the early 1900s, horses, carriages, and automobiles were a common sight on the crowded city streets of London and New York. At the time, the tens of thousands of horses posed a public health risk as their waste filled the streets. The invention and manufacturing of motorized vehicles came as a much-needed alternative that allowed urban life to evolve. Eventually, the transition was completed and the waste buried under cobblestone asphalt.
The Rise of The Electric Vehicle
While internal combustion engines spared us from typhoid and other maladies a century ago, they also contributed to damaging the environment at a global scale. Almost twenty percent of all emissions in the US come from cars and trucks, revealing that ICE vehicles are important catalysts of climate change. Yet, much like a century ago, a better alternative waits to be fully implemented.
A change in paradigm is right around the corner as electric cars become an increasingly more viable choice. EV technology greatly improved in recent years as electric vehicles can now be truly called autonomous. Tesla is the self-appointed leader of this revolution as it manufactures better and more affordable cars each and every year. Their Model 3 has a range of 215 miles and can reach 60 miles per hour in under six seconds.
Others heeded the call for change and produced their own electric models. German automobile manufacturer BMW released the fully electric and affordable i3 and Mercedes is soon to follow with a highway-ready EV. Bloomberg New Energy Finance predicts that electric vehicles will cost as little as ICE vehicles by 2025 and that, by 2040, electric cars will make up a whole third of the entire global car fleet. As the production of lithium-ion batteries increases, their price goes down.
Commercial Properties, a Key to EV Growth
While the rise of the electric vehicle is both impressive and unstoppable, there are still hurdles that hinder its swiftness. One of the most notable is the issue of charging infrastructure. As the number of electric cars increases, so should the number of EV charging stations. The recharging process is lengthier than simply pumping gas.
Electric vehicle owners can use a level 2 station from home or a DCFC (DC fast charge) on the road. Yet electric vehicle supply equipment (EVSE) seems to be needed most where people spend the better part of their day: on commercial properties. From the moment they step foot out of the house, the average person spends their time in office buildings or factories, shopping malls and supermarkets, gyms and coffee shops. Few of them currently have charging stations.
Doing your part to protect the environment may feel good but there are other advantages also. Developers who decide to install charging stations on their commercial properties will gain an additional revenue stream while also increasing their property’s value. Places with EVSE can attract new customers and keep them coming back. Without any downsides, setting up charging stations will also give another dimension to a company’s image and help developers gain a foothold for a future filled with electric cars.
Installing EVSE where it is most reachable will help make the transition to full electric quicker. As more charging stations become available, gas stations will become a thing of the past, much like horse stables on the city outskirts.