Condo developers making EV chargers a must-have

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Condo developers making EV chargers a must-have
The ListingNoastackCent
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If you ask Terry Hui, CEO of Concord Pacific Group (and Concord Green Energy), going all-electric is a ‘no-brainer’ that everyone in real estate development will be doing soon

All of the 1,974 parking spots at the Concord Brentwood four-tower condominium project in Burnaby , B.C. come equipped with an electric vehicle charge.All of the 1,974 parking spots for the parkade of the Concord Brentwood four-tower condominium project in Burnaby , B.C. are not only wired to be EV-ready but also come equipped with a charger. The building has the electrical capacity to charge a vehicle plugged into every charger all at once, well ahead of the industry standard.

“I have a very large green energy portfolio; I don’t like burning stuff,” said Mr. Hui. “I’m not on board every green initiative, but the electric car proposition is a no-brainer.” He compares it to adding fibre-Internet infrastructure to buildings decades before that was standard. “Thirty-five years ago, fibre was unheard of,” he said. “What’s very much embedded in our thinking is – I wouldn’t say future proofing – but we do consider how to make it upgradable.

“The whole genesis of the company was me in 2015 trying to own an electric car, initially unsuccessfully, in my condo in CityPlace ,” he said. With no EV charging spots in his building, he had to find creative workarounds. “I had a Chevy Volt and the nearest charging spot was a paid parking garage, about 800 meters away. I made do for about a year and a half, but this was not the path of widespread adoption.”Retrofitting huge concrete parking structures has proven a challenge.

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