Email of the day on demand for EV charging
Comment of the Day

May 25 2023

Commentary by Eoin Treacy

Email of the day on demand for EV charging

One must also consider that a healthy percentage of ev owners charge at home. The business model for gasoline retailers would be very different if the same percentage of ice owners had gas pumps at home.

Eoin Treacy's view

Thank you for this important point. 68% of people live in single family homes in the USA. People earning more than $100,000 buy around 57% of EVs. It is reasonable to assume many people earning that sum also own a house. The challenge with mass adoption is EVs are expensive and if you are one of the people who does not own a home, finding a charger is an inconvenience.

The public charger business model is dependent on people who cannot charge at home, owning an EV. For that to happen the price of the vehicles will need to fall. A viable EV charging business would also need to have electricity generating capacity so they can sell to more than one subset of customers. 

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