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CGS3 Discusses How Electric Vehicles Will Open Roads for CRE
In a recent exclusive interview with GlobeSt.com’s Carrie Rossenfeld, CGS3’s Sean Southard discusses why “it makes financial sense for real estate developers to provide electric car-charging stations in the amenity package.”
Rossenfeld writes “Electric cars and the infrastructure to support them—including charging stations— are an important part of our transportation future. According to Sean W. Southard, a partner with Crosbie Gliner Schiffman Southard & Swanson LLP, Governor Jerry Brown wants California to put 1.5 million electric vehicles on the road by 2025. In fact, California is a global leader in EV sales, with more than 100,000 sold here in less than four years. According to the California Air Resources Board, Californians buy approximately 40% of all plug-in vehicles sold in the US.
With the rapid increase in the number of EV vehicles in the state, developers and tenants need to stay abreast of evolving legislation, Southard tells GlobeSt.com. We spoke exclusively with Southard and fellow attorney Van Nguyen about the implications of electric vehicles and new legislation that creates important new territory for commercial developers, landlords and tenants.”
The full interview and article published August 11, 2015 can be found here.