RealAssets Adviser: The EV Equation

Asanka Rodrigo, Partner at Actis, was quoted in RealAssets Adviser’s (IREI) article on the barriers to the growth of the EV charging infrastructure market. Click here to read the full article or read on for some of Asanka’s comments.

Asanka Rodrigo, Partner at Actis, said:

“Countries like Singapore have mandated that, for example, apartment buildings of a certain size have to install charging stations.

“Charging stations are not cheap, ranging from $50,000 to $500,000 per station. Utilization rates are often low, and the high capital expenditure can be a deterrent. Moreover, the uptime of charging stations is quite poor. The biggest challenge is predicting demand certainty and increasing utilization.”