Installation of the Month (February 2021): Hollywood & Highland

In the movie Spider-man, Uncle Ben tells Peter Parker, “With great power comes great responsibility.” The phrase, which came to be known as the “Peter Parker Principle,” is just as true today as it was 20 years ago when the movie first premiered. And just as Peter took seriously his newfound powers, we take seriously our responsibility to facilitate broader access to vehicle electrification options – quite literally the “great power” here is the electricity that keeps EVs moving. We also understand the power of movies and television to convey the importance of electric mobility, be it through information, entertainment or influence marketing. As such, Hollywood has become a tremendous partner in advancing the EVCS mission.

Photo Courtesy of The Conmunity – Pop Culture Geek

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That is why, this month, we’re featuring the world-famous Hollywood & Highland complex, located at 6801 Hollywood Boulevard in the heart of Hollywood, California. See it here:

https://www.google.com/maps/place/Hollywood+%26+Highland/@34.1023194,-118.3399992,15z/data=!4m2!3m1!1s0x0:0xe9c39639f7356912?sa=X&ved=2ahUKEwiHwICB0NHuAhUDZN8KHe5GBQcQ_BIwH3oECEUQBQ

The 387,000-square-foot property opened in November of 2001, quickly cementing its reputation as a shopping, dining and entertainment mecca for tourists the world over. Resting on the bones of the old historic Hollywood Hotel, the complex boasts more than 60 stores and restaurants plus the palatial Dolby Theatre, home of the annual Oscar telecast. First-time visitors often find themselves marveling at the magnificent four-story courtyard in the center, inspired by the Babylon Court set from the classic D.W. Griffith film Intolerance, and relishing in its close proximity to other nearby attractions like the Walk of Fame, Madame Tussauds and the Mann’s (now TCL) Chinese Theater. See more about the property here:

https://hollywoodandhighland.com/

According to commercial real estate firm JLL, Hollywood & Highland attracts 25 million visitors per year (about 5,000 every hour) and features 3,000 parking spaces (the most in the city). When the property’s management hired us to install three new 50 kWh DC fast chargers in their cavernous underground parking structure, of course we jumped at the chance. With so many visitors, the demand for an EV charging solution was growing and management took notice. The benefits included catering to a community already steeped in perpetuating environmentally friendly transportation solutions while also attracting new visitors with EVs who may have otherwise taken their retail or dining business elsewhere.

Moreover, case studies have shown that the average EV driver’s overall dwell time at commercial properties with charging stations is typically longer than that of the average customer since EV drivers shop at a more leisurely pace while waiting for their batteries to recharge. For instance, one large-scale discount retailer reported an EV driver’s average visit lasted 50 minutes longer than the overall average – an increase of 327%. And since customers spent an average of $1 per minute during their dwell time, the revenue increase of $56,000 over a nine-month period was more than sufficient to eclipse the scant $430 in extra charges the company spent on its electric bill. We expect, as time goes on, that Hollywood & Highland will note similar economic benefits and can serve as a torchbearer for comparable commercial properties considering EV infrastructure.

All that said, we’d like to give thanks to our highly valued customer, Hollywood & Highland, for trusting in us to install their charging stations and for helping advance the idea that an electric-powered future is not just fodder for the movies, but an achievable reality!

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“Who’s Saving the Planet?” Podcast Interviews Gustavo Occhiuzzo

EVCS co-founder and CEO Gustavo Occhiuzzo recently spoke on the “Who’s Saving the Planet?” podcast about the electric mobility revolution and what we as a company are doing to help realize a truly carbon-neutral future. During the conversation with hosts Anthony Noto and Jessica Miles, Occhiuzzo made several critical points that help listeners understand where we are now in that mission, the obstacles we face, what EVCS has done to overcome those obstacles, and what we can do better as a global community. Here are some of the most prescient points:

Installation of the Month (June 2021): Hyatt Place Riverside/Downtown

The ability to travel is something many of us take for granted. Our Interstate Highway System allows us to freely traverse state boundaries – to go wherever we choose whenever we choose – from the snow-capped Colorado Rockies to the soupy Everglade swamplands to the historic lighthouses of coastal New England. However, EV drivers are more acutely aware of their travel limitations because many areas of the country have yet to adopt pro-electric infrastructure policies, often leaving them with few ground-travel options other than ICE vehicles. We knew getting more Americans to embrace the electric revolution would require buy-in from the hospitality industry. As such, much of our focus has gone toward hotels that, by serving as site hosts for charging stations, can help kickstart that ubiquitous access required to convert many EV holdouts.

Wall Street Journal Piece Brings Up Questions… And We Answer

Stephen Wilmot’s recent article in the Wall Street Journal, “Investors Look for an EV Charge,” debates the merits of investing in EV infrastructure, admitting that while chargers likely make for better investments than cars, the sector still holds many potential pitfalls that should be considered before jumping in. While that may be true, many of the examples backing up this assertion cite the business models of the largest EV installers in the country while failing to consider what less visible but faster-growing companies like EVCS are doing to mitigate such risks. Below are a few quotes from the article and our thoughts on them, including how we’re different.

Commentary on EV Industry Profitability Claims

In a recent Driving.ca article titled “EV-Charging Industry is Doing Everything Except Making Money,” author David R. Baker makes a compelling argument that the EV infrastructure sector is a revenue desert, essentially incapable of generating enough cash flow to sustain profitability due to a lack of interest from motorists. “The dilemma boils down to demand,” he states, before adding that “lots of people still driving gasoline-powered cars won’t consider going electric until they see charging stations widely deployed.”

Installation of the Month (May 2021): LADOT Lot 656

The Los Angeles Department of Transportation (LADOT) notes on its website that ICE vehicles are one of the city’s top contributors to air pollution, accounting for 19% of all greenhouse gas emissions, before proclaiming, “We can do better… We’re investing in public transit, testing new technology, and adopting mobility innovations for a cleaner environment and brighter future.” At first, it might just sound like flowery rhetoric, but we can personally attest to that commitment. Starting in 2019, LADOT partnered with us to install DCFCs at 57 city-owned lots, with almost 30% of those installations now completed. This alliance has been integral in promoting our goal of zero-emission mobility in the City of Angels by facilitating greater access to infrastructure.