Electrical Vehicles Are Coming: Are Property Managers Prepared?

Across the world, electric vehicle (EV) sales are booming. Batteries are more robust, vehicle ranges are longer and consumer choice is greater than ever before. Further fueling this momentum is the Inflation Recovery Act (IRA), which offers tax credits of up to $7,500 for new electric vehicles and up to $4,000 for used models, while skyrocketing gas prices are also driving the EV transition. It’s little surprise that it’s increasingly popular to pull a Bob Dylan and go electric.

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