A recent article in Financial Times focused on the Biden administration’s plan to dramatically increase the number of public charging stations in the U.S.. This initiative is part of a larger green push towards decarbonizing transportation in response to not only climate concerns, but also a long anticipated consumer and automaker trend. The article cites Arshad Mansoor, chief executive of the Electric Power Research Institute, ”The next four years, we will see a change in the electric vehicle market that we have not seen in the last 20 years.”
In the article, Co-Founder and President Chris Wendel explained Volta’s highly differentiated business model to highlight our readiness to seamlessly serve this growing demand:
“We are not at all in the business of reselling kilowatt-hours,” Wendel said. “We’re in the business of delivering consumers to new locations where fuelling happens in the background of their regular day.”
The San Francisco-based company allows drivers to charge for free and sells advertising at its stations. Chris Wendel, Volta’s co-founder and president, compared charging an EV to periodically topping up a mobile phone battery rather than taking a trip to fill up a car with petrol.
Please click here to read the full article in the Financial Times.