Herm wrote:Competition is good, IF EVGO makes a go of it and profits then even better as other charging stations will prop up everywhere. I did some calculations back when it was announced and I dont see how they can make it..
EVSE and their installation are expensive now, but that will change very quickly.
It's a bet, for sure. They are betting that once people start seeing their Charger everywhere, people will be more likely to consider an electric car and will go to them for their service. Even if another competitor jumps in the fray to compete, EVgo will be able to brag that they have the largest network with the most charging stations. That's a good deal for them.
They know good and well they are not going to make money in the short term. This is a LONG term investment. They probably won't make money for ten years. But again, this is a long term investment.