CHALLENGES
Costly Installation and Expansion
Installing EV charging stations is expensive due to high equipment, labor and material costs, long permitting processes, and additional expenses for grid upgrades to meet increased demand.
Unpredictable Demand
The uncertainties in charging demand make it challenging to allocate resources efficiently, plan and invest in infrastructure, and manage charging stations effectively.
Environmental Impact
Modifications to charging infrastructure in sensitive areas can disrupt ecosystems, face opposition from local communities, and face limited access due to the site’s historical or natural significance.
Technology Churn
Technology churn presents challenges such as reliability issues, rapid obsolescence, increased investment risk, integration complexities, and market uncertainty.