How will electric vehicles impact real estate in Asia Pacific?

The electric vehicle (EV) market in Asia Pacific has grown significantly over the past two years, with the region accounting for nearly two-thirds of global EV sales in 2022.  

As EV adoption continues to gather pace, demand for public charging infrastructure in Asia is also rapidly increasing, primarily due to the prevalence of apartments where the installation of private chargers is subject to regulatory restrictions and administrative barriers. 

The growing number of EVs in Asia Pacific will require a significant increase in charging facilities. CBRE estimates the number of public charging points across the region will rise from around 2 million in 2022 to around 10 million by 2030.

All of these converging trends present a significant opportunity for real estate owners and investors to gain access to or expand their presence in the EV public charging infrastructure market.