Last month Prime Minister, Boris Johnson, announced that new homes in England will be required by law to install electric vehicle charging points from next year.
For more on the news read here.
Normette Homes Director, Joshua Ebanks, shared some thoughts on the latest development
"Overall, it is a good initiative. A lot of things in the property sector do not change unless the government drives them via policy. It's always good when there is a policy put in place for certain initiatives as it means there is more chance that it will get done. However, I would question the execution of the plan.
With these policies the devil is in the detail, firstly the design of the homes or apartments will be important so developers will need to keep these in mind when developing new properties. New apartments in London are accommodating bicycles over car parking spaces, especially taking into consideration congestion charges.
When looking further at the details - what kind of chargers are going to be permitted? Right now there are different ways you can charge electric cars, you can do it via a plug socket or via a carport that is hooked into the car. It will be interesting to see how the government decides to implement this moving forward.
How will this impact the electricity grids in local areas? Where will the extra power be coming from? These are questions to be taken into consideration as well.
The matter of affordability and accessibility must be addressed as well. Not everyone has electric vehicles, especially as we move further north of the country so the government should have a plan in place to address these concerns.
Good plan, good direction but will be keeping a close eye on the execution."
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Normette Homes specialises in commercial investments