Solving the Multifamily EV Charging Challenge with Aubrey Gunnels of 3V Infrastructure | EP273
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Today on the Clean Power Hour, Tim Montague delves into the critical yet often overlooked aspect of electrification: EV charging infrastructure for multifamily housing. Tim welcomes Aubrey Gunnels, CEO and co-founder of 3V Infrastructure, a company that's tackling the significant gap in EV charging accessibility for the 31% of Americans living in multifamily buildings.
Aubrey explains how 3V's business model works – they provide all capital expenditure and operational costs while installing Level 2 chargers at multifamily properties at zero cost to property owners. The company generates revenue by charging drivers a premium on electricity rates, creating a sustainable business model that doesn't rely heavily on government subsidies. This approach addresses a crucial market need, as currently, only about 5% of multifamily buildings have EV chargers despite 80% of charging happening at home.
The conversation explores how 3V uses data-driven approaches to determine the optimal number of chargers for each property, considering factors like local EV registration data, building demographics, and anticipated growth patterns. Aubrey shares insights about how property managers see EV charging as an increasingly important amenity that affects NOI (Net Operating Income) and resident retention.
Tim and Aubrey discuss the challenges of EV infrastructure development in the US compared to Europe, the importance of charger reliability, and how private investment in charging infrastructure remains critical regardless of policy shifts. They also touch on the broader EV market trends, battery price decreases, and how the automotive sector's global competitiveness continues to drive EV development despite political changes.
This episode provides valuable insights for real estate owners, property managers, clean energy professionals, and anyone interested in the future of transportation electrification. Listen now to understand how companies like 3V Infrastructure are working to make EV ownership accessible to all Americans, regardless of where they live.
Social Media Handles
https://www.linkedin.com/in/aubrey-gunnels/
https://www.3vinfrastructure.com/
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