EV Realty

EV Realty is headed to Manifest: The Future of Supply Chain & Logistics!   Our CEO Patrick Sullivan will be on stage to talk about how we can make it easier and more cost-effective for fleets to electrify their operations. The policy landscape may be shifting, but truck electrification is still a matter of when, not if. Come by Track 3 this Wednesday afternoon at 3:20 to hear Patrick talk about the path forward alongside fellow industry leaders from Volvo Trucks North America, WEX, Terawatt, and Autotech Ventures.

The California Air Resources Board has withdrawn its waiver request to the US EPA for Advanced Clean Fleets. While this is a headline-grabbing development, it does not fundamentally change the picture for freight electrification. The underlying trends are clear. Manufacturers are investing, technology is improving, and the economic case for electrification is growing stronger. EV Realty continues to believe this transition will ultimately be driven by total cost of ownership, customer experience, and growing demand for cleaner freight. We aren’t there yet, but there is a path forward and it involves strong support at the state and local levels.   Truck costs remain too high, but solutions are emerging. For example, recent changes to California’s Low Carbon Fuel Standard include the creation of a multi-billion-dollar statewide truck rebate administered by the state’s utilities. Done right, this program could provide sustained support for fleets buying electric trucks while helping reduce prices over the longer term.   We are also seeing progress on charging infrastructure as incentives and utility initiatives accelerate deployment in key freight hubs. EV Realty is developing multi-fleet charging hubs with ready access to power and no need for costly grid upgrades. These sites provide turnkey solutions for multiple fleets, simplifying the path to electrification.   We can do this. Solutions are emerging that can help us move faster and cheaper. State and local governments are stepping up to support the transition. This is how we make truck electrification a reality.

“We currently have the largest EV manufacturing company here in the United States, why stop now?” Missed yesterday's interview with EV Realty’s CEO Patrick Sullivan on Bloomberg Businessweek? Relisten to the conversation between Patrick, Carol Massar, and Tim Stenovec here, starting at the 24:03 mark: https://lnkd.in/euuhHb7s

CEO of EV Realty Patrick Sullivan makes his return to Bloomberg Businessweek today, he’ll be discussing all the news and notes from the EV fleet space and what's to come in 2025 with Carol Massar and Tim Stenovec. Tune in at 12:20 P.M. PST today to see the full segment live: https://lnkd.in/gbj5KkPS

History is repeating itself for real estate investors as EV charging hubs are becoming the new data centers according to EV Realty’s CEO Patrick Sullivan Read more on why this is happening from Patrick in this contributed article for PERE in their 2024 Sustainable Investing Report: #EVs #EVCharging #DataCenters #PoweredProperties

Last Friday's CARB meeting saw the passage of amendments to the #LCFS. Prior to the vote, EV Realty's Director of Policy Jamie Hall gave comments to the board, in support of the amendment's passage. Those comments were captured by POLITICO's Blanca Begert and highlighted in a recap of the events:

With the amendments to the Low Carbon Fuel Standard from the California Air Resources Board over the weekend, EV Realty's Suncheth Bhat connected with Sophie Austin at The Associated Press and was included in her article discussing what the updates mean for the future of electric vehicles and electrification in the state of California: "Suncheth Bhat, chief commercial officer for EV Realty, an electric vehicle infrastructure company, called the program 'one of the most powerful, transformational policies' to speed up the transition to electric vehicles." You can read the full article below: https://lnkd.in/gDEDsjUF #EVs #Electrification #LCFS #California #Policy

"The future of trucking is electric. It will be clean, convenient, and cost effective. Getting there, however, will require hard work and bold decisions." Today, The San Diego Union-Tribune published an Op-Ed from EV Realty CCO Suncheth Bhat, outlining how a "YES" vote from #CARB on the #LCFS amendments would jumpstart California's push to electrify transportation. The Op-Ed was featured in last Wednesday's print edition before going live online today. As Suncheth writes, this opportunity to move forward with LCFS can't be missed. Read the Op-Ed in its entirety: https://lnkd.in/gEJiBBRv

Truck electrification is the goal. As a founding #PACTCoalition member, we know that will take teamwork, innovation, and smart policy. PACT fosters collaboration across the sector around a common goal: scaling up charging infrastructure deployment and enabling heavy-duty electrification.

The Low Carbon Fuel Standard (LCFS) is one of the most important tools the state has to support the transition to zero emissions freight. It can help solve the "chicken or egg" problem that currently hinders freight electrification: fleet owners will not buy a truck they cannot charge, but investments in charging infrastructure will not happen without greater certainty around electric vehicle deployment. LCFS can bridge this gap. The #LCFS takes the freight transition out of neutral by unleashing billions of dollars in private investment. The climate and air quality impacts that electric trucks will deliver to CA residents - especially those in communities near ports, distribution facilities, and warehouse districts - are immense. The state and her residents can't afford to miss this opportunity. For these reasons, EV Realty urges the California Air Resources Board to vote YES on the LCFS amendments on November 8th. Our public comments on this upcoming vote are available in full here: https://lnkd.in/gJ3m6qAX