THE MONEY IN EV FAST-CHARGING

Can Electric-Car Fast Charging Be Profitable? Answer: Unclear

Stephen Edelstein, January 26, 2015 (Green Car Reports)

“DC fast charging helps alleviate one of the major roadblocks to electric-car adoption--limited range--by giving drivers more ability to travel longer distances…That's why carmakers and other entities back the installation of more and more DC fast-charging sites…The benefits of a quicker charge are obvious for electric-car owners, but...providing power free to entice drivers…[can make operating one financially challenging]…A for-pay market in fast charging hasn't yet emerged…[but] businesses that operate charging stations on their property have to deal with [$20,000 to $60,000 installation costs as well as operating costs so] electric-car drivers could charge for free…[It is not clear that fast charge volumes are high enough to make it a profitable business if the operater charges drivers and it is not] clear what will happen to those hoping to make a profit off fast charging.” click here for more

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