Which comes first, electric vehicle or the charger? On one hand, consumers are wary of buying EVs without enough charging infrastructure to support them, limiting demand. On the other hand, firms are reluctant to invest in charging infrastructure without enough EVs to support that investment, limiting supply.

Which comes first, electric vehicle

Data from Recurrent found that used EV prices fell 27% and new EV prices were down about 20% year over year as of March, with some models selling for as low as $10,000. Companies like Chevy are addressing consumer issues like range anxiety and up-time with their Silverado EV. With prices dropping and reliability increasing, electric vehicles are becoming as accessible as their gas-powered counterparts.

Which comes first, charger (infrastructure)

EV adoption is hindered due to a lack of charging infrastructure. JD Power survey from 2023 suggests 1 in 5 attempts to use public EV chargers fail. The reason, poor charger reliability. BP and Shell are hoping to expand their charging network by 40,000 and 200,000 respectively over the next 6 years indicating EV infrastructure build-out is accelerating.

Addressing Reliability & Quick Deployment

For infrastructure, which comes first, reliability or quick deployment? How about both? At AKPS, our factory-assembled IPM is available in 24 weeks (the shortest in the industry). Once delivered, installation takes 1 day, not weeks. Quality testing occurs at every stage of the manufacturing process, giving you confidence that your site will quickly and reliability come online.

However you answer which comes first, our team (sales@akpowers.com) is ready to partner together to design your ideal power solution.