by Marc Goodin, CEO of Storage Authority, the only self storage franchise in the US.
You can get the whole story below where Garrett and I review the situation in detail. Here are the cliff notes:
3,300,000 Electric Vehicles exist in the US.
Nearly 1 million were purchased last year - huge growth.
Studies report up to 75% of garages are not used to store a car because they are full.
Ev's are typically parked in the garage to charge.
If just 1 in 10 (ten percent) of EV owners had to rent self storage to make room in the garage for the EV that would require 330,000 self storage rentals. If the average size rented was a 10 x 10 that would be 33,000 units rented.
Just Imagine if more than 1 in ten and imagine the millions of EV's that will be sold in the US, how much more self storage space will be needed?
Thanks, Tesla! Thanks, Elon Musk. Please keep up the good work!!!!!
Watch the entire discussion here.
All signs point to a bright future for self storage. Check out our FAQ's to learn more about self Storage and Storage Authority. www.StorageAuthorityFranchise.com
Ps: If you own land or a vacant building we will do a free 1-hour review of your property and let you know if self storage may be profitable at your location and the next steps. ($500 if you do not own the property)
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