Valuable and Crucial New Service Enters EV Charging Industry

The global electric vehicle (EV) revolution is growing at an unprecedented pace, fueled by a combination of technological advancements, environmental concerns, and supportive government policies. This rapid expansion is not only significantly reshaping the automotive industry but also significantly impacting energy markets, urban planning, and the global fight against climate change. Bloomberg NEF stated that the global market for internal combustion engine (ICE) vehicles peaked in 2017 and has declined every year since. Norway will soon reach 100% EV adoption, as the global leader. Norway’s 2023 EV adoption rate was 82%.

U.S. EV Revolution Growing at an Astounding Rate in 2024

In 2024, in the United States, it is obvious that the EV revolution has broken through setbacks to become the leading form of transportation in the future due to superior technology.

According to Atlas Public Policy, the U.S. EV market share for EV adoption reached 12% in December 2023, a new record. The tremendous success of Tesla, whose Model Y was the best-selling car globally in 2023 and the fifth-best-selling car in the U.S. in 2023, is a testament to this amazing transition. These two accomplishments are historic firsts for an EV. Numerous other original equipment manufacturers (OEMs), including GM, Ford, and every other major automaker in the world, now offer EVs or are planning to release EVs soon.

The American EV Charging Industry is Growing Very Fast, Thanks to Federal NEVI Funding

Because of all of the new electric vehicles that are hitting American roads more and more each day, the EV charging industry is growing alongside the American EV revolution at an astounding pace. Despite significant investments in EV charging infrastructure across the United States, nearly half of those wanting to switch from gas to electric cite the lack of charging as the biggest hurdle to EV adoption.

The $1.2 trillion Infrastructure Investment and Jobs Act (IIJA), signed into law in November 2021, marks a historic commitment by the United States to modernize its infrastructure and shift towards cleaner, more sustainable energy sources. Within this monumental legislation, the $5 billion National Electric Vehicle Infrastructure (NEVI) Formula Program stands out as a key initiative aimed at accelerating the adoption of electric vehicles (EV) by funding the installation of EV charging stations across the nation. This significant federal funding is dedicated to advancing clean transportation and energy programs, with the goal of substantially reducing climate-changing, harmful greenhouse gas emissions (GHGs). NEVI released an update on current progress in February 2024.

NEVI funds the development of federally designated Alternative Fuel Corridors, major artery freeways, and roads connecting the states, thereby facilitating interstate travel. In a noteworthy milestone, the first NEVI-funded EV charging station opened in December 2023. The federal government has a goal of building out a convenient, affordable, reliable, and made-in-America national network of EV chargers, including at least 500,000 publicly available chargers by 2030. NEVI ensures that the EV chargers installed are made in America by American workers.

Filling a Unique Need for EV Charging

Until now, a valuable and crucial service has been missing from the EV charging industry. So far, EV charging companies, investors, and others involved in the EV charging installation process have had to rely on less specialized, less effective services for title reports. Punctual Abstract has filled that void with its highly specialized Charge Site Title Report (CSTR), designed with EV charging installers in mind.

Punctual Abstract’s Charge Site Title Report (CSTR), a Valuable and Crucial New Service for the EV Charging Industry

Punctual Abstract is excited to introduce its latest offering, the Charge Site Title Report (CSTR), a dedicated solution specifically tailored for electric vehicle (EV) charging stations, available for all 50 U.S. states. Punctual Abstract provided the following information:

Punctual Abstract’s Charge Site Title Report (CSTR)

Thorough Title Examination: Our reports undergo a meticulous title examination process, ensuring a comprehensive review of the EV charging station property’s legal status.

Property Ownership Verification: We verify property ownership details to provide you with accurate and up-to-date information, minimizing potential hurdles.

Zoning Compliance: Our reports include an assessment of zoning regulations to ensure the charging station is compliant with local ordinances and regulations.

Liens and Encumbrances: We identify any existing liens or encumbrances on the property that may impact its transfer or usage for EV charging purposes.

Easement Analysis: Our team evaluates any existing easements that could affect the charging station’s accessibility and operation.

Expertise in EV Infrastructure: With a deep understanding of the evolving EV landscape, our reports are specifically designed to address the unique needs and challenges of charging station projects.

Timely and Accurate Results: We prioritize delivering timely and accurate information, empowering you to make informed decisions with confidence.

Tailored Solutions: Our flexible reporting options allow you to customize the depth of analysis based on your project’s requirements.

Punctual Abstract’s Title Reports Provide Valuable Information, Even After an EV Charging Project is Completed

A title property report plays a crucial role in the acquisition and development processes of real estate, serving as a comprehensive historical archive of a property’s past owners, liens, and any existing claims or encumbrances that could affect its use. This report is an indispensable tool, often ordered by buyers or lenders during the process of purchasing or financing a home, and is equally vital in the realm of business property transactions. Its importance extends to projects such as the installation of electric vehicle (EV) charging stations, where understanding the property’s legal history can prevent future legal complications and support the planning and execution stages.

When completing the planning stages of installing EV charging, or even after an EV charging project is completed, these title reports reveal valuable information. Experts in the field strongly recommend obtaining these reports for any business property usage, emphasizing that the relatively minimal expense of a title report can preempt substantial issues, effectively safeguarding financial and legal interests.

Punctual Abstract to Attend EV Charging Summit, March 20-22, 2024 in Las Vegas, Nevada

Punctual Abstract recognizes the need to attend the EV Charging Summit in 2024, to provide information to EV charging colleagues. Richard King, Executive Director, Punctual Abstract & Punctual Energy (Infrastructure Division), will be in attendance at the event. Attendees and exhibitors are encouraged to contact King for more information about Punctual Abstract’s highly valuable Charge Site Title Report (CSTR). Richard King will be available for meetings during the event.

The EV Charging Summit & Expo is a crucial event for those passionate about the future of transportation and sustainability. Set against the vibrant backdrop of Las Vegas, the event promises to be an unparalleled rendezvous for exchanging knowledge, networking opportunities, and groundbreaking innovations in the EV charging industry. With an impressive lineup of over 120 expert speakers, participants are guaranteed to gain valuable insights into the latest trends, technologies, and policies shaping the electric vehicle market. Over 200 exhibitors offer a unique chance to explore the newest products and solutions driving the evolution of EV infrastructure, while the anticipated attendance of 5,000 like-minded professionals catalyzes meaningful discussions and partnerships. Contact EVinfo.net for 50% off admission.

Punctual Abstract, Celebrating 30 Years in Business

With its latest offering, the Charge Site Title Report (CSTR), Punctual Abstract specializes in EV charging property title projects. It is a leading nationwide, valuable source for abstracts, title evidence, and comprehensive national title production services, serving all 50 U.S. states. Based in Harvey, LA, and celebrating 30 years in business, the company is your trusted, one point of contact for residential and commercial land title data and energy sector searches.

Contact Punctual Abstract Today!

Punctual Abstract’s Richard King will answer all of your questions regarding Punctual Abstract’s Charge Site Title Report (CSTR). Contact King today for more information.

Rich King
Executive Director of Business Strategy and Client Success
[email protected]
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Steve Daigle, Jr.
CEO/President
[email protected]
LinkedIn

EVinfo.net proudly recommends Richard King and Punctual Abstract for providing this valuable and crucial new service for the EV charging industry. There are other companies providing title reports, but no others specializing in EV charging, with its unique challenges. Contact Richard King and Punctual Abstract today!