The EV ecosystem is growing, but there are still major challenges. And where there are challenges, there are also opportunities. The general feeling I’m getting is that more and more entrepreneurs are finally jumping into the field. I expect some innovative approaches to many of the challenges coming up soon enough.
An obvious starting point is the software aspect
. From smart navigation to traffic predictions for EVs. I already see some startups competing with Tesla’s navigation system. Intelligent tools for EV drivers like IMPACTs ChargeTrip
is an excellent example of this. One, which by the way, is a perfect acquisition target for some of the new entrants.
Another space I mentioned before is Off-Grid energy generation. Over the years I’ve seen several projects in this space. Most of them were aimed at developing regions like Africa. Nonetheless, the creation of alternative grids to support EVs, Autonomous Vehicles (AVs) or drones, is a space that might drive this vertical.
Smart Grid devices, as mentioned before, is another potential vertical. The convergence of IoT and Smart Grid software will start to make sense pretty soon. The space will mature, and the solutions will turn more Plug & Play.
EV ecosystem services is a space that isn’t being worked yet. Yes, until now there hasn’t been much traction, but that will change and fast. Creating services like food delivery, content & entertainment, or family-friendly attractions could become very lucrative.
One last idea that might be worth exploring is smart renewable energy prospecting. In the same way, oil conglomerates or mining rigs have their specialized prospection teams, why not the same for renewables? Where to place an EV charging station that maximizes solar energy production? Where do we set a stationary battery park to supply energy for peak demand? And wind? And geothermal? When? Where? How? Can we take advantage of a region and then sell the electricity to a power-hungry neighbor?
As far as I know, many of these decisions are still made manually. There are plenty of AI-based optimizations that can generate better yields and accelerate the expansion of EVs and renewable energy sources.
The electrification game is real, and it’s moving fast. The tipping point is fast approaching, and we’re about to see drastic changes in our transportation behaviors. Like I stated at the beginning, Electric Vehicles don’t happen in a vacuum. The convergence of other significant trends is the driving force for the change. Don’t look at the EV market in isolation but as a needed tool to deploy other substantial and holistic strategies.