Randy wrote:I think it is a tough business to make work at $1 per hour of charging...
Remember $1/hr was to have been the price for members who also paid a $50(?) annual fee, else it would have been $2/hr. The annual fee would have been an easy sell, as it would also give discounted access to an extensive QC network at $5/session instead of $10/session. But Blink never managed to build even a fraction of a viable QC network, due to unreliably designed hardware, questionable host site agreements, and in California, EV hostile PUC rulings on demand fees.
So with no viable network no subscriber base, and with no subscriber base no stable revenue stream to operate the L2 stations.
I had expected the first thing CarCharging would do is raise the L2 price to $2/hr. I hoped they would resuscitate the fragmentary QC network by replacing Blink hardware as it breaks with cheaper more reliable chargers, saving the larger investment in site preparation. I hoped they'd increase their profit and improve user service by adopting sensible fee models like EVgo, session price plus price per minute, with sessions possibly capped at 30 minutes, to discourage QC "campers." And I hoped they would expand the QC network to something close to the original EV Project plans with sensible host site agreements and 25 kW limited stations in some locations.
Unfortunately I don't believe they have the money to invest necessary to turn Blink into a viable business. Since the bankruptcy I've been watching for any signs that CarCharging really intends to operate Blink as a business. Other than possibly Tennessee I'm not aware of any public Blink public stations having been repaired. viewtopic.php?p=347762#p347762
Oddly, they are spending money maintaining residential units from which they derive no revenue, but not public units which could make them some money.
Hmm, stock price down 22%, executive compensation up 1,215%. Where have I seen that before?