Electric vehicle wave to create industrial opportunities

The surging electric vehicle industry will fuel demand for industrial real estate, especially in the Southeast and Midwest, according to Yardi Matrix.

The rise of electric vehicles also will transform the industrial sector in other ways: Automakers will own their manufacturing plants, but will also require an array of supplemental manufacturers and suppliers nearby, as evidenced by the firms located around Tesla’s gigafactories. Current battery ranges mean it will be a long time before electric semitrucks meaningfully reshape supply chains, but smaller electric delivery vehicles have the potential to make last-mile infill delivery sites more palatable to local communities by reducing associated noise and air pollution.

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