International Energy Agency<\/a> predicts that the number of electric vehicles on the roads \u2013 cars, vans, trucks, and buses \u2013 could reach 300 million by 2030.<\/p>\n\n\n\nLast year electric car sales took off, surpassing the 6.6 million mark despite supply chain bottlenecks and the ongoing challenges of Covid-19. This took the total number of electric cars on the road to 16.5\u202fmillion.<\/p>\n\n\n\n
The passenger vehicle market may be driving towards electrification at a rapid rate, but logistics vehicles \u2013 especially trucks travelling longer distances \u2013 are an entirely different proposition, the pair noted.<\/p>\n\n\n\n
But many of the world\u2019s largest logistics companies have made commitments to electrify their fleets. Dr. De Jong-Douglas pointed to several 2030 commitments \u2013 DHL\u2019s 60% global EV target, DB Schenker\u2019s \u201cemissions free\u201d European footprint, Amazon\u2019s plan for 10,000 EV vans in Europe and Unilever\u2019s switch to EVs to cut their greenhouse gas emissions by 40-50% among them.<\/p>\n\n\n\n
Meanwhile, nascent, regional logistics players across Asia Pacific have begun EV initiatives in various markets. These include Linfox, Coupang, Sagawa, Maersk, and JD.com. As Dr. De Jong-Douglas suggested, these illustrate \u201cvery real examples of companies in our own backyard doing pilot projects and making very strong public commitments to switch to EVs.\u201d<\/p>\n\n\n\n
While the market is on the move, there are clear challenges ahead. For example, the issue of range anxiety is easier to overcome in denser urban environments than in geographically dispersed economies like Australia, Devine noted.<\/p>\n\n\n\n
The uptake of EVs also varies across the region depending on the combination of \u201ccarrots\u201d \u2013 incentives and subsidies \u2013 and \u201csticks\u201d of regulation.<\/p>\n\n\n\n
For real estate companies, a \u201cchicken-and-egg\u201d scenario has emerged. How do they decide when, and to what extent, to provide EV charging facilities in their sites, for both passenger cars and delivery trucks?<\/p>\n\n\n\n
The challenge for asset owners is to roll out charging technology for customers today without getting \u201ccaught in one model\u201d that compromises the opportunities tomorrow, Dr. De Jong-Douglas noted.<\/p>\n\n\n\n
Certainly, the \u201cinterconnectivity\u201d of energy efficient buildings, renewable energy and EV charging were emerging as a \u201ccombined package\u201d for any customer focused on ESG and \u201ccircular\u201d solutions.<\/p>\n\n\n\n
But are fast, reliable charging stations the best solution? Or, Devine asked, could battery swaps become a thing? Are there other technologies ahead on the horizon?<\/p>\n\n\n\n
Conveniently located charging stations that allow vehicles to \u2018top up\u2019 their charge many times throughout the day make sense for smaller delivery vehicles, the pair agreed. Shell has already begun reimagining its fuelling stations as \u201cenergy hubs\u201d with the provision of coffee, snacks and communal areas to provide pleasant places for customers to relax while their EVs recharge.<\/p>\n\n\n\n
ESR is in conversations with its customers \u201cevery single day.\u201d, Dr. De Jong-Douglas added, \u201cand our customers are saying to us: We are doing pilot projects, so get ready.\u201d<\/p>\n\n\n\n
Check out the latest episode of Yardi\u2019s Proptech Insights series or register for our next session!<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Electric vehicles are heading towards real estate at speed and scale. With up to 300 million EVs on the roads by 2030, new business models are beginning to emerge. But for all the opportunities, there are also plenty of obstacles. Yardi\u2019s Bernie Devine and ESR\u2019s Dr. Michael De Jong-Douglas recently sat down to explore the […]<\/p>\n","protected":false},"author":442,"featured_media":34654,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_s2mail":"yes","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2844],"tags":[1849,84,1430],"class_list":["post-34653","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-global","tag-apac","tag-global","tag-insight"],"acf":[],"yoast_head":"\n
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