Can On-Demand EV Charging Scale Business & Technology?

SparkCharge announced a partnership with Allstate, and they plan to build a decentralized network of EV charging. The plan also included a gig-based work schematic in the four-cities it’s launched: Chicago, Los Angeles, San Francisco, and San Diego.

Will this business model be successful, and is the world ready for a gig-based EV charging model?

Voice of B2B Daniel Litwin chatted with CEO and Co-CTO Mark Cann of CryomatiKs Inc. on Marketscale TV to discuss the world of SparkCharge and EV charging. CryomatiKs is a “company offering a variety of gas and diesel alternative technologies, from innovative air-based fuel and storage systems to their wireless management software.”

There are two types of charging stations besides home and work: quick, mobile-based charging and charging stations. With charging stations, though, infrastructure needs to be built.

“Infrastructure takes a long time, and it’s very expensive,” Cann said. “You need the portable, quick charging if nothing else.” This will give time to build the charging infrastructure. Portable charging does cost more because it’s premium, but both types of charging can co-exist as they serve different needs.

With the rising costs, who pays for the infrastructure?

“Anytime companies can pass the cost on to municipalities, they will,” Cann said. “The question is: what can the consumers expect? Once the consumers get used to the convenience of mobile quick charging, that’s what they’re going to expect.”

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