Coast to Coast on a Charge

Electrify America has achieved a significant milestone in sustainable transportation by completing the first of two cross-country routes for electric vehicles (EVs) in the United States. This achievement means that EV drivers can now travel from Washington DC to Los Angeles, spanning over 2,700 miles, without the worry of running out of charge. The route features charging stations strategically placed about 70 miles apart, accommodating the range capabilities of most modern EVs, which can travel 200 to 400 miles on a single charge.

Electrify America's initiative is part of a broader $2 billion investment aimed at enhancing the nation's EV infrastructure across 45 states¹. This expansive project is not only pivotal in making electric vehicle transportation more feasible but also plays a crucial role in educating the public on EV technologies and reducing "range anxiety"—the fear of running out of battery power far from a charging station.

The expansion of EV charging networks by Electrify America and other companies has broader implications, particularly in the real estate sector. As EV charging stations become more prevalent, properties located near these amenities are likely to see an increase in value. Homebuyers and commercial developers are starting to view proximity to EV charging as a significant asset, much like the proximity to public transit has been valued in the past.

Moreover, residential and commercial developments can potentially attract more buyers and tenants by integrating EV charging stations directly into their parking facilities. This amenity adds convenience for EV owners and demonstrates a commitment to sustainability, making these properties more attractive in a market that is increasingly environmentally conscious.

The continued roll-out of Electrify America's charging infrastructure, including their promise of a second coast-to-coast route by September and coverage of the entire country by the end of the year, underscores the growing importance of EV readiness in urban planning and real estate development. As the U.S. moves towards a more sustainable future, the integration of EV infrastructure will likely become a standard consideration in real estate development and valuation.