In an article published in Area Development’s Auto/Aero Special Coverage for Q3 2024, Nelson Mullins senior policy advisor, Liz Demaree, discussed the Biden administration’s ambitious electric vehicle (EV) goals by 2030 and how AI is increasing the demand for these solutions.

“Experts estimate the infrastructure buildout required to support the 2030 EV goals alone is $75-125 billion, compared to approximately $40 billion allocated for this purpose through the Infrastructure Investment and Jobs Act and similar bills. The demands from AI players are expected to rapidly dwarf any increases in energy required to meet EV charging requirements,” Demaree explained. “As AI begins to permeate more and more of everyday life and an increasing number of families rely on EVs to buy food, commute to work, or escape natural disasters, a strategic private-public partnership will be not just a creative solution but a critical one.”

Demaree also tapped Emily McLachlan, vice president of sustainability at Federal Realty, for some valuable insight.

“The integration of nearly 440 charging stations across our properties demonstrates our proactive approach to infrastructure development. This isn't just an investment in technology; it's an investment in the customer experience and the resilience of our retail spaces,” said McLachlan. “The key challenge we face is scaling this infrastructure nationally in a way that meets the evolving needs of consumers and the energy grid. Real estate developers have a unique opportunity to lead this charge by fostering public-private partnerships, where we can create a cohesive network of EV chargers that spans the country, providing convenience for drivers and encouraging more sustainable choices.”

To read the full article, click here.