I’m with you on this. I think the only way to build out a network at this point is with EV manufacturers or governments subsidizing the costs. You can’t turn a profit selling the electricity because the gross margins are so much lower and the real estate costs are so much higher than petroleum-based products. The amount of profit earned per parked minute is going to be exponentially lower.

And the grid connections are not a trivial problem to scale. At some point you exceed the capacity of normal grid connections and you start to require higher voltage feeds and bigger transformers, and that cost is massive. And as the network grows, you’ll need to scale the number or size of substations, which is also not trivial.