EV Charging, Coming Soon To A Parking Lot Near You

The article discusses recent developments in the U.S. electric vehicle (EV) charging infrastructure amid political uncertainty surrounding the federal $7,500 EV tax credit, which was at risk of elimination under President Trump’s tax bill in mid-2023. Despite the potential setback for EV sales due to the tax credit’s removal, momentum in the EV charging sector remains strong. A notable advancement is the partnership between Georgia-based IUC, specializing in charging-as-a-service (CaaS), and Colorado-based Redaptive, an energy-as-a-service (EaaS) provider. This collaboration aims to address EV charging bottlenecks, particularly in challenging venues like multi-unit rental housing and large parking facilities, by offering turnkey solutions that require no upfront costs for property owners. Under a five-year agreement with real estate giant CBRE, IUC and Redaptive plan to deploy EV chargers at large-scale parking sites with 500 or more spaces, combining IUC’s CaaS platform with CBRE’s site management