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Tuesday 4 May 2021
EV-charging industry is doing everything except making money
President Joe Biden’s plan to wean U.S. drivers off fossil fuels requires massive investment in public charging stations to power the electric-car revolution. So far, none of the companies that deploy the equipment has figured out how to make a profit.
The dilemma boils down to demand, and its chicken-and-egg nature. Most electric-vehicle drivers charge their cars at home, so many public charging stations get little use.
But lots of people still driving gasoline-powered cars won’t consider going electric until they see charging stations widely deployed, for fear that they will run out of juice on the road.
Read the whole news on driving.ca