Biden’s programs have caused investment in the electric vehicle sector to “fly away”

A new study shows that Americans are reluctant to choose electric vehicles. EVPassport co-founder and CEO Hooman Shahidi joins Asking for a Trend to discuss the development of the electric vehicle market.

EVPassport is an infrastructure-focused electric vehicle charging platform. Shahidi explains that “the opportunities are extremely huge” for the company in the current electric vehicle market as the demand for chargers increases.

As for the industry as a whole, Shahidi is optimistic about the electric vehicle trend. He explains: “Ultimately, people realize the economic value. Additionally, the programs established by the administration have done a great job of helping us get there. It also made it possible to invest in space,” he explains. really fly away.” He adds: “The job market is full of opportunities… We have over 200 certified EV Passport partners in our network, and many of them are taking advantage of new vocational school programs to meet continued demand.”

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This post was written by Melanie Riehl

Video transcription

The Biden administration’s electric vehicle drive is hitting some speed bumps.

A new study shows that Americans are reluctant to exclusively use electric vehicles.

In a recent survey, only 21% of adults said they were very or very likely to purchase an electric vehicle for their next vehicle, with charging time availability and vehicle range being among the top concerns for future buyers.

I’m joined by Uman Shahidi, co-founder and CEO of charging infrastructure company EV Passport Huma, nice to see you.

Maybe you’ll start with, you know, listen, you’re an electric vehicle hardware software company, but for viewers who may not be as familiar.

Hmm, tell us a little about the company and its mission.

What is the problem you are trying to solve, what is the demand.

You assume.

Thanks for the invitation.

So EV Passport we are an electric vehicle charging platform that focuses on infrastructure as a service.

We are therefore a turnkey solution that provides a comprehensive value proposition to asset holders around the world, and the diversity of our clients has never been greater.

We operate in Canada and Mexico, but also in 35 states, and most recently raised $200 million last year to support that growth.

And when you look at your market, what do you think growth will look like, you know, over the next 135 years, how do you model that?

The possibilities are incredibly vast and we couldn’t be more excited about what lies ahead.

The story continues

In fact, the recent news regarding Tesla is obviously sad knowing when people are losing their jobs.

But this, you know, opens up an opportunity for us, and we fundamentally don’t believe in, you know, competitive landscapes.

We believe there is an opportunity for us to chase the wallet chair.

This is an opportunity for us to talk about our platform, which is really focused on a customer-centric approach, using open APIs, and also fulfilling the mission that the Biden administration has carried out.

Uh, because this critical infrastructure is very important for the infrastructure of tomorrow.

And Huma II really wants to get a broader pulse on the EV market.

You know, we, we mentioned it at the top, I mean, Humam is growing, but it’s just not growing because it’s not growing as fast as it used to be.

Why, why do you think it’s Hum and what do you think causes it?

I really think it’s growing fast?

I mean, just last week, Ford announced that 65% of new cars sold were plug-in hybrid or electric vehicles.

Therefore, I believe that the trend is upwards.

Sometimes headlines are funny because people see the result.

Uh, infrastructure is like an iceberg.

It takes a long time to move around and get where you need to be.

But ultimately, people realize the economic value, and also the program that the administration has set has done a great job of helping us go there.

Thanks to this, investing in this space really became easier.

And, man, you know, the election is coming up.

It sounds like you’re, you know, pretty happy with this administration. If there’s a change in the administration, Umana, if there’s a change in the White House, how will that affect your business?

Well, we built a company focused on reliability, safety, and the path to profitability, right?

I mean the number one stakeholder for us as our customers.

Ultimately, what matters most to us is maintaining customer success.

It is the driving force behind our growth and development.

Either way, we think the positive tailwinds that the administration is supporting are helpful to the business and allowing for accelerated adoption, uh, you know, more than, you know, the potential 4 o’clock shift in Pennsylvania, get you out of here for this.

Hmm, I’m curious how you will expand this infrastructure.

Can you find enough workers, can you find enough electricians now to do the job?

It’s a constant challenge, but also an opportunity, right?

I mean, you know, now more than ever there are investments going towards crafts and other areas where we will educate master electricians, the electricians of tomorrow, and they will also earn good money.

So the labor market I is ready for opportunities in this area.

Um And we have amazing partners.

We have over 200 certified EV passport partners in our network.

Um, and many of them are taking advantage of new trade school programs, um, to be able to support continued demand.

Thank you so much for joining us for today’s show.

Super interesting conversation.

We will continue this.

Thank you.

All right.

Thanks for the invitation.