Portfolio Analysis Consultation
EV Charging Deployment Strategy
JLL is the largest third-party retail property management company in North America. JLL manages Ivanhoé Cambridge’s (IC) Canadian shopping centre portfolio, consisting of 12 market-leading retail centres in British Columbia, Alberta, Manitoba, Ontario, and Quebec.
JLL Canada has sought to form a holistic strategic electric vehicle (EV) charging station roadmap to inform developments from 2022 to 2030. The strategic roadmap is to future-proof the JLL-managed assets and align with the portfolio’s Net Zero 2040 carbon targets.
Project Objective
Retail Sustainability for Net Zero Initiative
The objective is to create a Long-Term EV Strategy Roadmap that will drive appropriate action until 2030, with considerations for 2040. This is to include an understanding of the ideal business model, methods for deployment, and how this model may change over time to the benefit of the asset owners.
Challenges
Determining a strategic approach to EV charging deployment at 12 shopping centres over eight (8) years to 2030 requires many considerations.
Process
Identifying the portfolio’s position within Canada’s EV charging infrastructure market, business case opportunities, government grants, local market adoption rates, site prioritization, procurement options, site design, and operational setup.
Results
Practical advice and detailed deployment plan to 2030 with considerations for 2040. Rollout to start in 2023 with the successful application for Federal funding through NRCan’s ZEVIP.
Project Insight
EV charging is not installing a plug, it is essential to transport infrastructure. Delivery of EV charging infrastructure that is fit for purpose demands strategic investment over time. JLL and IC have identified the opportunity early on and have intelligently integrated it into their sustainability. strategy for the portfolio to align with Net Zero 2040 carbon targets.
JLL Canada has sought a strategic EV charging station roadmap to future-proof the JLL-managed assets and align with the portfolio’s Net Zero 2040 carbon targets.