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Riding the EV Wave: Why Parking Operators Can’t Afford to Wait (or How to Win Big)

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Alan Kahn headshot
Alan Kahn is XLR8 America’s President of Emerging Markets.

This post is the third in a series by XLR8 America President of Emerging Markets Alan Kahn. Read the first two post in the series here: 1 | 2

The EV revolution is no longer a whisper; it’s a roar. Electric vehicles are zipping past gas-guzzlers at an accelerating pace, and the writing is on the wall: the future is electric. 

According to Yahoo!Finance, the U.S. electric vehicle charging infrastructure market size is estimated to reach USD 24.07 billion by 2030, registering a CAGR of 30.3% from 2025 to 2030. 

For parking operators, this isn’t just a trend; it’s a fundamental shift in the landscape. The question isn’t if you should invest in EV charging infrastructure, but when. That answer, unequivocally, is now.

Your customers need this. 

I’ve been in the parking business for over four decades. I’ve seen trends come and go. But this – the electrification of transportation – it’s a game-changer! It’s not just about cars; it’s about how we live, how we move, and how we do business. And for parking operators, it’s a massive opportunity.

The Tipping Point: Why Now is the Time to Act

The numbers don’t lie. EV sales are skyrocketing. Every major automaker is investing heavily in electric models. And government regulations have increasingly favored electric over internal combustion engines. Today, with private sector innovations exploding onto the market, growth is assured regardless of federal policy. 

Why am I so confident about the EV infrastructure adoption? Because by 2030, experts also predict that a significant portion of new car sales will be electric. That’s not some distant future; it’s right around the corner. 

I remember a conversation I had with a parking garage owner a many years ago. He was hesitant about investing in computerizing his operations. He said, “Alan, it’s still early. I’ll wait and see how things develop.” I told him he was missing the boat. The early bird gets the worm, especially in this business.

Can you imagine that today? His company was bought out. 

Seizing the First-Mover Advantage: Beyond Just “Keeping Up”

The benefits of early adoption are clear. Increased revenue, customer loyalty, a competitive edge – these are all tangible rewards. But it’s more than that. It’s about positioning yourself as a leader in the industry. It’s about showing your customers that you’re forward-thinking, that you’re invested in the future of mobility. 

I’ve seen this firsthand. Parking facilities that have embraced EV charging early are already reaping the rewards. They’re attracting EV drivers, they’re generating new revenue streams, and they’re building a loyal customer base. They’re not just keeping up with the times; they’re setting the pace.

Serving Your Customers: A Strategic Imperative

Crucially, this is a service for your customers – the building owners and real estate investors. They’re looking for ways to attract and retain tenants, enhance property values, and generate new revenue streams. EV charging is a powerful tool to achieve these goals. It’s not just about providing a nice amenity; it’s about creating a competitive advantage in the market.

A one-size-fits-all approach won’t work. Each property is unique, with its own set of tenants, parking demands, and local market conditions. A strategic, portfolio-level approach is essential. You need to analyze the specific needs of each building and tailor your EV charging strategy accordingly.

Smart EV charging deployment is about understanding your tenants, your market, and your long-term business goals.

At XLR8 America, we work closely with our clients to develop customized EV charging strategies that align with their portfolio objectives. We analyze parking utilization, assess tenant demand, and consider future growth projections. We help you make informed decisions about the type of chargers, the number of chargers, and the optimal placement of chargers. We’re not just installing equipment; we’re building a long-term partnership.

Building a Winning Portfolio Strategy

We understand that real estate investors are looking for long-term value. That’s why we focus on reliability, scalability, and future-proofing. Our solutions are designed to adapt to the evolving EV landscape, ensuring that your investment remains valuable for years to come. We also offer flexible financing options to minimize upfront costs and maximize ROI.

For real estate owners, EV charging is not just an expense; it’s a strategic investment in the future of their properties.

The EV revolution is happening now. Don’t wait. Don’t hesitate. Seize the opportunity and position your parking facility – and your entire portfolio – for success in the electric future. Let’s ride the EV wave together.

At XLR8 America, we’re here to help you navigate this exciting landscape and turn your parking facility into a profitable and future-ready charging hub. Let’s build the future of transportation, one parking space at a time.

Looking for an EV strategy and solution for your parking portfolio? Let’s talk.

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