While the technology industry’s go-to move has always been a walled garden approach, EV charging technology should take the opposite route. The walled garden approach locks customers into a proprietary ecosystem, which most tech companies find appealing. But when it comes to EV charging technology, this approach should be avoided.

According to the latest Market Data: EV Consumer Profiles report from Guidehouse Insights, the three most common berries holding back EV adoption are purchase cost, time to charge, and the availability of charging stations. The first two shouldn’t be a concern for much longer as cheaper EV models continue to come out, and the charging technology continues to advance. The third challenge could actually become worse if we continue to see EV chargers being installed using the walled garden approach.

In this latest article from Guidehouse Insights, we review why the walled garden approach comes with some hefty warnings and what those creating their own EV charring network can do about this growing concern. (Think Tesla)

Click here to read the full article posted on April 13, 2021 on Guidehouse Insights.