JLL

At a Glance

Industry

Real Estate

Project Types

Sustainability and Energy Management Strategy, Zero Emission Vehicles, Freight and Logistics

Year

2022

Location

Washington, DC

Summary

Pranati supported JLL in developing a comprehensive EV strategy that addresses client requirements relating to EV, charging hardware and software installation.

Goals

JLL is a leading professional services firm that specializes in real estate and investment management. With a target of achieving net-zero carbon emissions across Scope 1, 2 and 3 by 2040, JLL’s Sustainability team works with clients to support fleet electrification and installation of charging stations. To adequately address client queries on the electric vehicle ecosystem, JLL wanted to build a comprehensive strategy that presents both the case for EV adoption as well as the roadmap for EV adoption to its clients.

Solutions

Pranati approached the challenge at two-levels:

  • Case for EV adoption: This included market overviews as well as a SWOT analysis of the EV and charging markets. Pranati identified specific opportunities for JLL in commercial real estate, roads & highways and logistics hubs. Further, Pranati presented an environmental and business case for EV adoption that included the following considerations: 

    • Lower total cost of ownership 

    • Carbon savings 

    • Rebates and carbon credits calculator 

    • Achieving ESG goals 

  • Roadmap for EV adoption: Following client interaction, Pranati identified that each client required detailed analysis on EVs, EVSEs and software available in the market as well as incentives applicable to their projects. Pranati developed 3 databases and dashboards that would allow JLL’s clients to input their preferences (type, charge speed, range, etc.) and be presented with 3-5 recommendations that maximize cost savings and energy efficiency. The fourth database consolidated incentives and rebates for EVs and EVSE, available in the US. These tools were created following extensive engagement with industry and OEMs.

Potential Impact

With the advancement of battery and fuel cell technology, electric vehicles are an increasingly competitive alternative to ICE vehicles. Supporting clients with EV adoption and charging infrastructure installation will allow JLL to increase revenue and achieve Scope 3 emission-reductions targets. Using the dashboards developed by Pranati, JLL can promptly identify and recommend EVs and EVSEs that meet client preferences. Further, the rebate & carbon credit calculator for EVSEs will indicate savings of up to 50% on the incurred cost of charging infrastructure.  

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