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The hidden threat of EVs to older apartments

Michael Bleby

The growing demand for electric vehicles – and charging facilities – is a risk for apartment values in older buildings that cannot install the necessary infrastructure, particularly as new rules come into place this year.

New National Construction Code standards to make charging infrastructure available for 100 per cent of apartment building parking spaces will drive a value gap between new builds and older developments that fail to keep up, consultant and EV enthusiast David Hamilton said.

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Michael Bleby covers commercial and residential property, with a focus on housing and finance, construction, design & architecture. He also dabbles in the business of sport. Michael is based in Melbourne. Connect with Michael on Twitter. Email Michael at mbleby@afr.com

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    Original URL: https://www.afr.com/property/commercial/the-hidden-threat-of-evs-to-older-apartments-20221215-p5c6hk