The electric vehicle boom
The Hindu
By installing electric vehicle charging stations, new residential buildings may see a price appreciation between 2% and 5%
The price appreciation for the residential asset class, post installing Electric Vehicle (EV) charging stations, is expected to be anywhere between 2% and 5% in newly constructed buildings and upwards of 1% in regular existing buildings.
According to JLL, the EV industry will grow at a CAGR upwards of 40% by 2030 given current government policies and massive EV adoption rate. This will surge the demand for EV charging stations in buildings, thereby driving the need for such spaces. It is expected that the installation of EV charging stations in existing buildings will go up drastically by 2026.
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