NYC Poised To Be First City to Mandate EV Chargers in Parking Garages. Everyone’s talking about electric vehicles, from presidential debates to local government hearings. It’s unsurprising, given the recent developments, like the much-discussed (and in some cases, maligned) Cybertruck and several new EV models from major auto manufacturers like Volkswagen, Honda, and BMW. Global electric car sales are projected to increase 20 percent by the end of 2024, while in the U.S., about 13 percent of new car purchases are expected to be EVs. It’s still a relatively small percentage, but it’s expected to grow a lot in the coming years when more affordable models are slated to market. California, the state leading the way in adoption and with some of the most stringent regulations on gas-powered vehicles, is gearing up to ban the sale of new gas-powered cars by 2035. Amid all this momentum, New York City has been quietly gearing up to be the first city to require parking lot and garage owners to install charging stations for EVs. This milestone will have a lot of implications for real estate owners. The EV push is as big as it’s ever been, driven by major commitments to going electric at local, state, and federal levels. More states are making commitments to shift towards EVs, and a number of cities have enacted laws to require EV-ready parking spots as they prepare for an expected rise in the number of EV owners. New York City’s new law, which is on the cusp of going into effect pending Mayor Adams’s signature, will be the first of its kind once adopted. It’s not unreasonable to think that more cities could follow in NYC’s footsteps, especially in places that have made the most strides with EV legislation, like California.
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