Pfund: The Secret to Commercializing Electric Vehicles
A lack of publicly available charging infrastructure is stopping electric vehicles from entering the mainstream market, says venture capitalist Nancy E. Pfund, in an article in Fortune. According to Pfund, the infrastructure gap is in large part a “financing gap.” Utility companies are in a ‘unique’ position to finance charging stations because they can capture grid-wide benefits.
To build EV load, a network must drive EV adoption and load, which occurs off-peak, allowing utility companies to increase their capacity utilization rates of fixed assets. This in turn allows them to collect more net revenue. Pfund says this creates a rare win-win situation as EV drivers, utility companies, and all utility customers can benefit.