As the use of electric vehicles increases, regardless of the rate of growth, there will be a corresponding impact on land use and development. Notably, issues relating to parking, ECSs, and EV battery recycling and disposal must be addressed, not only by municipalities, but also by developers. In August 2021, President Biden signed an Executive Order declaring that up to half of all new cars sold by 2030 must be electric. Given this, plus the fact that numerous vehicle manufacturers have already committed to making only EVs by 2035 or sooner, it is certainly not premature to begin addressing these issues now.
Recorded at the Real Estate Institute in November 2023.