EVsWill the Charging Networks Arrive in Time?
MIT Mobility Forum considers whether startups can provide the infrastructure for electric vehicles, or if more automakers must step in.
For many owners of electric vehicles (EVs), or for prospective EV owners, a thorny problem is where to charge them. Even as legacy automakers increasingly invest in manufacturing more all-electric cars and trucks, there is not a dense network of charging stations serving many types of vehicles, which would make EVs more convenient to use.
“We’re going to have the ability to produce and deliver millions of EVs,” said MIT Professor Charles Fine at the final session this semester of the MIT Mobility Forum. “It’s not clear we’re going to have the ability to charge them. That’s a huge, huge mismatch.”
Indeed, making EV charging stations as ubiquitous as gas stations could spur a major transition within the entire U.S. vehicle fleet. While the automaker Tesla has built a network of almost 2,000 charging stations across the U.S., and might make some interoperable with other makes of vehicles, independent companies trying to develop a business out of it are still trying to gain significant traction.
“They don’t have a business model that works yet,” said Fine, the Chrysler Leaders for Global Operations Professor of Management at the MIT Sloan School of Management, speaking of startup firms. “They haven’t figured out their supply chains. They haven’t figured out the customer value proposition. They haven’t figured out their technology standards. It’s a very, very immature domain.”
The May 12 event drew nearly 250 people as well as an online audience. The MIT Mobility Forum is a weekly set of talks and discussions during the academic year, ranging widely across the field of transportation and design. It is hosted by the MIT Mobility Initiative, which works to advance sustainable, accessible, and safe forms of transportation.
Fine is a prominent expert in the areas of operations strategy, entrepreneurship, and supply chain management. He has been at MIT Sloan for over 30 years; from 2015 to 2022, he also served as the founding president, dean, and CEO of the Asia School of Business in Kuala Lumpur, Malaysia, a collaboration between MIT Sloan and Bank Negara Malaysia. Fine is also author of “Faster, Smarter, Greener: The Future of the Car and Urban Mobility” (MIT Press, 2017).
