3V Infrastructure

According to the International Energy Agency (IEA)'s World Energy Employment report, the global energy sector added 2.5 million jobs in 2023, outpacing growth in the fossil fuel industry and the wider economy. Even more exciting? 410,000 of them came from electric vehicle and battery manufacturing. ? EV adoption is good for the economy, creating new jobs in one of the largest global sectors–automotive.? ? At 3V, we’re proud to support the EV industry by increasing access to EV charging! https://lnkd.in/e5mZ3wjk

Read 3V’s CEO Aubrey Gunnels's thoughts on the case for outsourcing L2 EV charging ownership.

Over the past weeks, I've had many discussions about how the election results will impact the EV market. The best comparison I can make is to the rise of LED lights. When LEDs entered the market commercially in 2008, they were positioned as the "green" but more expensive option, facing consumer skepticism. Yet by 2019, LEDs had surpassed halogen and fluorescent bulbs in popularity. Why? LEDs saved people money, required less maintenance, and provided a superior overall product. EVs are following a similar trajectory - moving from niche "green" tech to a mainstream, cost-effective, better alternative to gas-powered cars. The underlying trends driving EV adoption, like lower operating costs and improved performance, will continue regardless of which party controls Washington (and regardless of the speed to commercial autonomous driving technology).? The EV market's path forward is clear. Just as LED lights have become the dominant lighting solution, EVs are poised to become the standard for everyday transportation. The election results may influence certain policies, but the EV industry's overall trajectory will continue towards greater adoption. https://lnkd.in/eARnq7GK

According to the research firm Park Associates, “32% of multifamily owners and operators plan on deploying, upgrading, or replacing EV charging stations in at least one of their properties within the next 12 months.” ? 90% of non-EV drivers expect to switch to an EV, and more charging infrastructure will help them make that transition sooner, according to Accenture. Multifamily property owners recognize that as EV adoption increases, charging is a must-have amenity that residents want and need.? ? If you're a property owner looking to offer EV charging—without the cost, operational burden, or investment risk—3V is here to help! https://lnkd.in/ds3EFSFj

US EV sales just outpaced Europe for the first time, with over 10.6 million EVs on the road globally. But while EV adoption grows, #EVcharging infrastructure is falling behind.? ? For #multifamily property owners, the message is clear: residents need access to charging now. 3V’s no cost solution makes it easy for property owners to meet the rising demand for charging.? ? https://lnkd.in/eaU-ADFC

Reflecting on my time last week at #OpTech, the energy, enthusiasm and innovation was palpable. Amidst my meetings with numerous executive #multifamily leaders, there were a few consistent takeaways specific to EV charging: 1. Deploying capital for EV charging at-scale is low on the priority list 2. Building an internal team of dedicated resources to develop an EV strategy and execute upon it is too time intensive? 3. There's continued uncertainty on how many chargers to install and when to scale? 4. With recent market consolidation, determining which charging hardware and software providers are best suited to mitigate long-term risk is unclear That being said, deploying chargers across your portfolio doesn’t have to be a complex and risky capital burden if you work with the right partner. Enter 3V Infrastructure.? ? Of course it was rewarding to meet with our phenomenal clients, new prospective partners and several former colleagues, but it was especially motivating to see the best minds in the industry come together and collaborate on how to provide the ultimate resident experience for many years to come. I'm already looking forward to next year!

"How does the election affect 3V Infrastructure?" I hear this question often. My PR answer is: EVs transcend US politics. Conservatively, at least 20% of vehicles will be electric over the next decade - a global trend the US can't ignore. My real answer is bit more complex: Creating a more sophisticated, resilient energy ecosystem is fundamentally good for America. Localizing energy generation and supply chains means cleaner communities, more jobs, and reduced dependence on foreign actors. Whether you view it through a red, blue, green, or purple lens, the reality is clear: infrastructure and energy innovation is accelerating, not slowing down. After all, what's more American than American-made electricity? Proud to have Greenbacker as an investor who shares this conclusion. Their latest research report confirms these trends.

EV sales are growing, but millions of residents in multifamily properties are missing out. In their report The State of Electric Vehicle Charging for Multifamily Housing, Energy Innovation Policy and Technology LLC highlights the key challenges multifamily property owners face when it comes to EV charging. ? At 3V Infrastructure, we believe everyone deserves access to convenient, affordable charging, regardless of what type of home you live in. Our no-cost solution allows property owners to offer this important amenity to residents across their portfolios without the hassle. Check out the full report here: https://lnkd.in/ewYAtBBt Shoutout to the policy team at SWTCH for contributing to the research.

3V’s Aubrey Gunnels spoke with NPM US (New Project Media) about why we’re focusing on charging at multifamily properties, our exciting work with Camden Property Trust, and how we’ve been able to move so quickly thanks to our incredible team.? Read more (paywall): https://lnkd.in/eGDJz4Wk?

3V is working to bridge the gap in access to EV chargers for renters, and we're just getting started. Thank you for the coverage of our work with Camden Property Trust and the supporting research, Tina Casey.