Some improvements that must be implemented include:
- Street and junction designs to delay the process of excessive wear and tear because of running at an over-capacity during peak hours
- Timely attention to the maintenance of road surfaces damaged by rainfall
- Planned street hierarchy to ensure safety in terms of speed limits and to avoid bottlenecks
- Strategic signage placement and consistent street lighting across the city to ensure clear vision, legibility, and unhindered navigation
- Provision of safe EV charging facilities paired with accessible parking
EV usage and Real Estate
Providing that these improvements to the city’s transport infrastructurewill enable EVs to function smoothly and ensure user adaptability, the following real estate sectors should be most impacted by the development of EV ecosystem:
Retail
- Like offices and apartments, designs of malls are expected to change as per the mandate. Based on their retail mix and target customers (affordable/mid-segment/high-end or luxury), malls can have a different strategy of incorporating EV regulations (such as the number of EV parking spaces to optimise costs).
- Recently, some delivery platforms like Flipkart have signed up pacts to increase EV use in their last-mile connectivity. Mall developers need to incorporate this requirement, since outlets with e-commerce platforms will need facilities to exist within premises.