Electric Vehicles: Does this change real estate?

Electric vehicles. Does this change real estate? Is it similar to the railroads when they went through the country? We’re putting together this new charging system. Right. And GM just announced this, that they’re putting a network of chargers all across the country.

We’re going to talk about how many and how it could change things. Does it change it similar to how, you know, we had the the virus and that changed everything on where people wanted to live. But if all of a sudden there’s charging stations for different things in different places similar to how the railroads were. Does this change it? So let’s go ahead and take a look at this article that was recently published as we look into it.

This is like a large infrastructure thing, not this one per se, but the whole overall thing. So let’s talk about this. General Motors will plans to build a network of EV fast chargers at pilot travel centers along US highways. In total, they will charge there will be about 2000 in total and they’ll open up and they’ll be a pilot and flying j locations and they’re going to be at 500 locations nationwide.

Okay. So is this news? Is it big news? Let’s kind of talk about this. So what this means is 500 pilot and flying. Js So think about pilot and flying. Js And where you would normally see them. So you got that in your mind and then think about 500 and then realize that there’s 50 states in the union. So it’s ten charging stations per state. Then think about that and then name the top cities in your state.

Now realize how many that is. And then think about you just named how many cities, and I said there was ten per state and then add it up and then go divide the numbers. And how many charging stations is that per city? And then realize you only said like four cities at the most and then realize, whoa, that’s not really many. Then think about how many gas stations you pass every single day.

Think about that number and then think about how many pumps are at each one. So now you got that number in your head. Then take those two numbers and multiply them out and think about how many pumps that is. So like every single day you’ll see a gas station on one side of the street and one on the other side. And then they’ll be like, what? Every couple of miles will be gas stations all over the place.

And they’ll all have, what, eight pumps? Ten pumps, 1216 pumps. It’s just crazy. And then think about how long it takes to charge an EV vehicle versus how long it takes to charge to fill up your gas tank and then realize you probably need like three times the amount of chargers as you need gas pumps to do the same equivalent thing because they charge slower than gas pumps and then realize like, huh, that’s weird. Okay. Well, anyways, so that gets us back. So is that huge news?

Maybe not. Is it a start? Yes, that that would be great, right? It’s a good start. But what I was looking at is, does it change real estate? So if we kind of talk about that for just a moment and you think about I don’t know why I like large infrastructure projects. We think through history and we think about things like when our highway system was built and we put a ton of money out there and we’re like, Let’s build this national highway system to connect everybody together.

And that was super impressive, right? And I like those big infrastructure projects. Then we had things like, let’s build a railroad all the way across our country. Let’s put in a huge oil pipeline. Let’s do you know, before we had a canal system that we used to have and in New York, because that was important. So there was all these interconnected things and now we’re building this totally new infrastructure project.

Now, this is like one tiny piece of it, but we’re going to need to have a lot more. And how does it change it? I like to think back about how the railroads really did change what was going on across the country. And they made cities and it was super important if you got a railroad in your city or imagine if you get a highway rest stop like an off ramp in your spot vers down the road. Right.

Or you get like a Bucky’s to come to your place, to your to your location instead of somewhere else. Has anyone went down to Destin this summer and stopped at the Bucky’s after Mobile, Alabama? My suggestion is don’t do it. It is like the craziest place you’ve ever ran into. That’s a that’s like a super side note, but it does change traffic patterns. And when something like that opens, you have all these other ancillary things that’ll start to open up around it.

So I would say if you go back down to that same bupkis, that’s the only thing around in Mobile. After you go through over the bridge there, you’ll see in five years that there’s going to be a ton of businesses all around it, all the things that go in. And I think you’re going to see similar type things start to change with these EV charging stations.

It’s going to change real estate kind of dramatically where people go, how far it is between places. So imagine if the drive from Dallas to Austin is this far and you need one charge in the middle of it to charge all the time. So does it make a brand new city on the way, or is there a city right now that’s going to to gain from that? Because if you drive down certain roads, traffic patterns will change.

All of a sudden, if you go so far and then you stop and refill between two common places that are driven all the time, does it make this spot different? And those are things to think about. Think about traveling from Houston to this place to Austin, from here to there, and how does that change it? We may be making totally new cities based on something like this, if that’s in fact the case, I don’t know, just reporting, you guys deciding, but it is real estate related and it is something to think about. Let’s move on.

Episode Links

GM , New York, Mike Acquisto , Shana Acquisto , TNT 

Episode Recorded Live on YouTube 07.14.22

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