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EV adoption spurs updated guidance on parking structure design
As electric vehicles (EVs) become increasingly common on roads around the world, many infrastructural changes will be needed to accommodate them. One example includes the design of parking garages, which some say will require updated fire safety protocols and additional modifications to accommodate the heavy weight of EVs.
The United Kingdom’s Institution of Structural Engineers released a new design guidance for parking garages earlier this year, pointing out a broad range of topics related to the structures, from EV weight, charging access and reduced noise levels to fire safety considerations (via CNBC). The guidance includes suggestions for the design of garages that are multi-story, underground or simply located inside offices or residential buildings.
Perhaps the most pressing topic included in the guidance for parking garages — called multi-story car parks in the U.K. — is the battery hardware used in EVs, which makes them much heavier than internal combustion engine (ICE) vehicles. With increased range models and a wider span of vehicle classes, EV weights will likely continue getting heavier in the future.
“This extra load and the changing fire safety requirements are all considerations not just for new car parks, but for existing structures too,” the institution writes in the report.
According to the group, average vehicle weights have increased from 1.5 metric tons (3,307 pounds) in 1974 to almost 2 metric tons (4,409 pounds) this year. As one example, Tesla’s forthcoming Cybertruck is a stainless steel behemoth, expected to weigh somewhere between 5,000 and 8,000 pounds (2.3 to 3.6 metric tons).
Institution fellow and co-author of the guidance Chris Whapples also notes that some newer EVs are well over 3 metric tons (6,614 pounds).
“The thing to bear in mind is that the ones that cause the damage, if you like, are the heavy vehicles — not the vehicles that are heavier than they were 40 years ago but still within the capacity of the design for car parks,” Whapples explained in an interview with CNBC. “We’re seeing increasing numbers now of SUVs, large executive cars — both fossil-fueled and battery ones — and pickup trucks, which are immensely heavy.”
Whapples details a handful of potential solutions for heavy vehicles, primarily including the need to retrofit older garages with increased structural support, either in specific spots that are determined to be weaker or in their entirety. He also notes that heavy vehicles could stay on ground floors to park, and garages could even screen the weights of cars as they enter.
“If one pickup is significantly overloaded and that car park is weak, that’s a potential disaster waiting to happen,” Whapples added. “We said, as an industry, we must actually check our car parks out and make sure that that’s not going to happen. Because what we want is the public to maintain confidence in our car parks and structural engineers.”
Another top concern detailed in the guidance was improving fire safety protocols in parking garages. Whapples notes that fire risks aren’t exclusive to EVs, adding that gasoline cars can also start fires and make situations more complicated. While EV fires aren’t considered more common than ICE vehicle fires, they can be especially tough to put out, he explains.
“To actually extinguish an EV fire is very, very difficult — particularly if the battery is on fire, because you’ve got so much energy that’s locked in,” Whapples said.
As for potential solutions, Whapples says that sprinkler systems could be an important way to mitigate fire spread, especially in underground car parks.
“Although the sprinkler system will not put out the car fire, it will reduce the rate of spread within the car park, so it’s constantly … ‘quenching’ the car next to the one that’s on fire, and stopping that one from catching fire,” Whapples explains.
All of these and more points will need to be considered ahead of mass EV adoption, both for existing garages and newly built construction. The International Energy Agency (IEA) expects EVs, buses, vans and heavy trucks to reach as many as 145 million units globally by 2030, though government ramp-up efforts could boost that number even more. In 2022, 10 million EVs were sold, including plug-in hybrids and battery-electric vehicles.
The discussions come ahead of Tesla’s initial release of the Cybertruck, which has been widely discussed for its large size, among other details. If many EVs are physically larger than ICE vehicles in the future, it could also require garages to be built with similarly larger parking spaces. Tesla has rolled out some wider and longer parking spaces at its Supercharger stations for the Cybertruck, a move that may be necessary for all parking structures down the road.
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Investor's Corner
Tesla gets its latest short from Michael Burry: ‘Happy it jumped back to this level’
Tesla short seller Michael Burry, the subject of the film “The Big Short,” where he was portrayed by Steve Carell, has revealed he has opened a new bet against the stock.
In a new update to his Substack newsletter in a post titled “Trading Post June 30, 2026,” Burry revealed a new set of bets against Tesla, Caterpillar, NVIDIA, Applied Materials Inc., and the iShares Semiconductor ETF.
In regard to Tesla, Burry wrote:
“And finally I shorted Tesla at 416.22. Happy it jumped back to this level.”
This means Burry likely opened his new short position after the company’s recent rally on Wall Street, which saw Tesla shares sink in mid-May, only to recover to well over the $400 mark. Currently, shares trade at around $427.
The company saw a big Tuesday as shares climbed considerably, over 10 percent. The size of the Tesla short was not provided, nor did Burry give any information on the position’s structure, the number of shares, dollar value, or whether options were used in the short.
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Over the years, Burry has been one of the more vocal critics of Tesla, calling its share price “media inflated,” and saying it was “ridiculously overvalued” as recently as December.
The company has largely transitioned away from being known as an automotive company and instead is much more widely regarded as an AI play, mostly due to its Full Self-Driving efforts, Optimus robot development, and data collection related to both.
This has not pulled those skeptics away from being vocal about their distaste for how Tesla is valued, but there’s no denying that the company is a global force in many things, including sustainable energy, automotive, and AI.
Wedbush Securities is initiating stock coverage on SpaceX (NASDAQ: SPCX), marking the first comments on the company since it went public several weeks ago. Wedbush and its analyst handling coverage, Dan Ives, are widely bullish on fellow Musk company Tesla (NASDAQ: TSLA).
Ives wrote his first note initiating coverage of SpaceX shares on Wednesday with a $190 price target and an ‘Outperform’ rating. The firm believes the company is well positioned off of its IPO because of its wide array of projects, including AI compute power and infrastructure, connectivity projects, and launches.
“We view SpaceX as one of the most differentiated assets within the tech market with a strong footprint across its three core markets, with Starlink driving success with connectivity,” Ives wrote, “Starship launches leading to a demand flywheel and increasing deal flow for its Colossus clusters.”
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Wedbush leans heavily on Starlink, which they say is the “profitability driver given the strength of its recurring revenue base of ~12 million subscribers as of June 5th.” Ives believes Starlink is still in the “early innings” of penetrating the global telecommunications and broadband market, as it only holds less than a 1 percent share. However, this number is sure to increase over time.
It also highlights the importance of Starship, which it says is an “essential layer” of SpaceX’s overall success. SpaceX developing and displaying the ability to reuse rockets is a major cost and reliability advantage “as it reduces the necessary hardware launch costs while generating a feedback loop for future flights to improve their launch flight rate without accelerating capex spend.”
Finally, SpaceX’s recent AI/Compute projects are also very elementary, Ives writes. It is worth mentioning Wedbush said its $190 price target is derived from a valuation forecast that sees the company yielding roughly $2.48 trillion of implied enterprise value.
There are also some factors that Wedbush did not take into account with its initial coverage. The firm wrote in the note:
“We note that there is optional value coming from Starship’s accelerating scale towards sub-$200/kg unit economics, orbital data centers, and enterprise AI monetization as these factors could drive meaningful upside but these face major hurdles, so we do not take that into account with our valuation.”
SpaceX shares are down just over 2 percent today, trading at around $167 at the time of publication.
Tesla has expanded the footprint of a massive safety feature worldwide with a recent Software Update labeled as 2026.20.6. The expansion of the “Blind Spot Warning While Parked” feature represents the more widespread availability of the feature, which aims to prevent “dooring.”
Dooring is when a driver or passenger opens a car door into the path of an oncoming road user, usually a cyclist or motorcyclist. It is among the most common types of cycling accidents, the League of American Bicyclists says.
For this reason, Tesla created a feature that warns occupants not to open the door because an object is approaching. The feature will sound a chime, and it will also delay the opening of the door to prevent an incident.
The release notes state (via Not a Tesla App):
“If you attempt to open a door while an approaching object is detected in your blind spot (for example, a bicyclist approaching from behind) a chime sounds, and your door will not open upon initial button press. Wait a short time and press the button a second time to override the warning.”
Tesla initially rolled out this feature back in 2024 with the Model 3 “Highland.” However, it remained with the Model 3 exclusively for over a year; that was until Tesla added it to the Cybertruck this past Spring.
Now, it is making its way to the new Model Y, 2021 and newer Model S, and 2021 or newer Model X.
The prevention of dooring incidents could eliminate many injuries to cyclists, especially in an urban setting. Dooring accounts for 10-20 percent of bike-related crashes in major cities, and over 17,000 dooring-related incidents were treated in the U.S. over the course of a decade. These usually involve fractures, contusions, and head trauma.
Tesla gets its latest short from Michael Burry: ‘Happy it jumped back to this level’
SpaceX gets initial stock coverage from Tesla’s biggest bull
