Electric vehicle chargers are here to stay
As Australia drives toward a greener, more sustainable future, electric vehicles (EVs) are becoming an increasingly dominant part of the transportation landscape. With EV sales accelerating rapidly, the shift brings both opportunities and challenges for property owners and urban planners.
A surge in EV adoption
In 2022 alone, EV sales in Australia jumped from 1% to 5% of overall car sales. Projections suggest that by 2050, more than 95% of all new vehicles sold in the country will be electric.
This marks one of the most significant technological transformations of our time.
Why the shift?
Rising concerns over climate change, increasing urban air pollution, and the global push to decarbonise have all contributed to the rapid rise in electric vehicle adoption.
Consumers and governments alike are backing the zero-emissions movement, fuelling unprecedented growth in the battery electric vehicle (BEV) market.
Hidden hazards in the transition
While EVs bring environmental benefits, they also introduce new risks, particularly around battery safety. Lithium-ion batteries, commonly used in EVs, can catch fire and emit toxic, explosive gases.
These incidents are especially dangerous in confined or underground spaces such as enclosed car parks, tunnels, and transport interchanges.
The challenge for property owners and developers
For developers, integrating EV infrastructure means more than just installing charging stations. It requires planning for fire safety, ventilation, structural modifications, and emergency response measures, especially in areas where space is limited or enclosed.
Planning for a safer, greener future
As EV adoption continues to climb, property stakeholders must stay ahead of the curve. Ensuring infrastructure is equipped to safely support electric vehicles is essential—not only for sustainability goals but also for the protection of people and property.
Download today
For the full insights, download our Commercial Property Exposure from Electric Vehicles brochure (on the right for desktop and below for mobile).
The contents of this publication are provided for general information only. Lockton arranges the insurance and is not the insurer. While the content contributors have taken reasonable care in compiling the information presented, we do not warrant that the information is correct. The contents of this publication are not intended as a legal commentary or advice and should not be relied on in that way. It is not intended to be interpreted as advice on which you should rely and may not necessarily be suitable for you. You must obtain professional or specialist advice before taking, or refraining from, any action based on the content in this publication.
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