EV Infrastructure Market: Gaps and Opportunities

• The risks in the supply chain, especially the powertrain suppliers, lead to a long waiting period for customers to get their electric vehicles. 95% of suppliers’ revenue is still from internal combustion engines. Therefore, helping suppliers transition is an urgent need.
• From an EV charging station manufacturer’s side, building a close connection with their upper stream suppliers is critical, because the supplier power is in the dominant position in the EV market.
• Increasing in order volume is an effective way to make upper stream suppliers less powerful. Currently, EV battery manufacturers do not have a large volume. But in the foreseeable future, order volume will rise, and risks from the suppliers will be weakened.
• The manufacturing capability in Ontario can support the market. But there is an information asymmetric – suppliers should understand the demands and actively position themselves to be able to support EV infrastructure manufacturing.
• For startups in the EV infrastructure space, the concept of a new technology may not be accepted by people – there exists a chasm. That is a challenge for startups, and it requires money to cross the chasm.

Watch the full episode to learn more about EV infrastructure space in Ontario.

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