As part of our GreenForward program, Weingarten has been aggressively pursuing the installation of electronic vehicle (EV) charging stations throughout our portfolio. As EVs reduce carbon emissions and improve air quality, we are proud to encourage and contribute to their use.
While providing convenience to shoppers, EV charging stations also create additional foot traffic for retailers, as 83% of EV drivers prefer to shop where they can charge their vehicles, and 89% typically make a purchase while charging at a retail location.
Volta Charging, which provides communities with free EV charging by selling advertisement space on the charging stations. Having both partnerships in place gives Weingarten the flexibility we need to offer EV charging at more of our diverse properties.
Installing a new charging station takes several months of planning. EV charging stations must be installed as close as possible to an energy transformer, and they typically take up one parking stall. These aspects of the project dictate that Weingarten review ADA parking restrictions, obtain construction and signage permits from the city, establish agreements with local utility providers, review tenant lease contingencies, and sometimes acquire anchor-tenant approval.
After all approvals are granted and requirements are met, the physical installation takes place, but the station cannot be used until the local energy municipality inspects and signs-off on the needed power supply. Fortunately, both EVgo and Volta assist or coordinate
most of these necessary processes for installation, and they also monitor and maintain the equipment afterward.
This year, Weingarten plans to install EV charging stations at three shopping centers in Florida and Georgia. As the EV market grows, Weingarten anticipates adding several more charging stations to our portfolio. We are proud to positively impact our communities and our environments by offering EV charging stations in our shopping centers, and we look forward to future GreenForward efforts.