Christopher Hailstone has extensive experience with energy management, renewable energy, and electricity delivery. He is also an expert on utilities, providing valuable insights on grid reliability and security. Today, we discuss CBRE’s recent partnership with EVPassport, the details of this initiative, and its implications for the real estate market.
Can you tell us about the recent partnership between CBRE and EVPassport?
The recent partnership between CBRE and EVPassport involves deploying over 3,600 electric vehicle chargers across more than 600 sites in the United States. This initiative is part of CBRE’s effort to meet the growing demand for EV charging infrastructure in the real estate sector.
What types of properties will benefit primarily from this deployment?
The deployment will mainly benefit multifamily and hospitality properties in North America. CBRE is focusing on these types of properties because they see significant demand for EV charging from these segments.
How was the decision made to collaborate with EVPassport for this initiative?
The decision to collaborate with EVPassport was based on several criteria. Key factors included EVPassport’s expertise and their ability to provide flexible solutions, such as their infrastructure-as-a-service model and traditional capital expense and support partnership options. CBRE wanted a partner that could effectively meet the diverse needs of their clients.
What EV charging solutions does EVPassport provide to its customers?
EVPassport provides a range of EV charging solutions to its customers. They offer an infrastructure-as-a-service model, allowing property owners to deploy charging infrastructure with minimal upfront cost while benefiting from EVPassport’s ongoing support and management. Additionally, they provide more traditional capital expense and support partnership options, where property owners can invest in the charging infrastructure and receive continued support from EVPassport.
How does this initiative with EVPassport complement CBRE’s existing EV charging solutions?
This initiative with EVPassport enhances CBRE’s existing portfolio of EV charging solutions by providing additional options and flexibility for property managers, owners, and occupiers. It aligns with CBRE’s goal to meet the increasing demand for EV charging and supports broader adoption by offering diverse solutions tailored to different property types and client needs.
Mark Kerstens mentioned that this partnership will help meet the growing demand for EV charging. Can you elaborate on the specific needs of property managers, owners, and occupiers?
Property managers, owners, and occupiers are looking for reliable and scalable EV charging solutions to meet the expectations of their residents and tenants. With the rising adoption of electric vehicles, having accessible and efficient charging infrastructure is crucial for maintaining property value and attracting and retaining tenants. This partnership helps address these needs by providing comprehensive solutions that are easy to deploy and manage.
CBRE had another partnership with EV+ announced in May. Can you provide more details about that collaboration?
The partnership with EV+ announced in May involves installing chargers at 10,000 U.S. commercial properties over five years. The scope of this partnership is broader, targeting various property types, including hotels, healthcare-related facilities, and multifamily complexes. Key goals set in the EV+ partnership included ensuring that charging infrastructure is available where drivers most need it, further emphasizing CBRE’s commitment to expanding EV charging accessibility.
Jim Hurless highlighted the need for multiple providers to meet the demand for EV charging infrastructure. How does CBRE plan to manage and coordinate between these various providers?
CBRE plans to manage and coordinate between these various providers by leveraging its extensive network and industry expertise. They understand that the demand for EV charging infrastructure is vast and varied, so they aim to work with multiple providers to ensure comprehensive coverage. By collaborating with different partners, CBRE can offer a wide range of solutions tailored to the specific needs of their clients, thereby facilitating a smoother and more efficient deployment process.
you have any advice for our readers?
For property managers, owners, and occupiers, it’s essential to recognize the growing importance of EV charging infrastructure in real estate. Investing in reliable and scalable solutions can significantly enhance property value and attract more tenants. Stay informed about the latest developments in EV charging technology and consider partnering with experienced providers to ensure the best outcomes for your properties.
