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ARTICLE · 16 OCTOBER 2023

Lease And License Agreements For EV Charging Stations

Cox, Castle & Nicholson
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The electric vehicle (EV) market continues to break records. In 2022, nearly eight percent of all automobiles sold in the United States were EVs and there were more than 10 million EVs sold worldwide...

United StatesReal Estate and Construction
Jonathan N. Zweig
Jonathan N. Zweig
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The electric vehicle (EV) market continues to break records. In 2022, nearly eight percent of all automobiles sold in the United States were EVs and there were more than 10 million EVs sold worldwide, up 55 percent from 2021.1 This growth trend is expected to accelerate, as federal and state governments create incentives for the continued production and consumer purchase of EVs. The International Energy Agency projects that 12 percent of all automobiles sold in the United States in 2023 will be EVs and that 50 percent of all automobiles sold in the United States in 2030 will be EVs.2 Given the anticipated surge in EV accessibility and sales, demand for EV charging stations is expected to experience an accompanying increase.

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