The increasing adoption of EVs, government incentives and regulations promoting the use of EVs, and the need for convenient and reliable charging infrastructure are driving this growth. With the number of electric vehicles on the road projected to reach 27 million by 2025 and 56 million by 2035, there is a significant demand for charging infrastructure. However, the lack of charging infrastructure is often cited as a major obstacle to the widespread adoption of electric vehicles.

ChargeNode.io addresses this problem by creating charging as a service hubs, providing a convenient and reliable solution for EV drivers. Our charging as a service business model also allows for recurring revenue streams, as customers pay for the service of charging their vehicles. This provides a more stable and predictable source of income compared to traditional one-time product sales.

Additionally, as a minority-owned business, we are committed to actively seeking out and securing contracts with governments and other organizations who have set goals to increase diversity in their supply chain. Contracts for electric vehicle (EV) charging infrastructure projects have become increasingly prevalent, as governments and other organizations have begun to invest heavily in the development of charging infrastructure. Such investments often include financial incentives for the installation of EV charging stations and the implementation of regulations aimed at increasing the availability of charging stations in public spaces. We believe that our charging as a service solution, ChargeNode.io, is well-positioned to take advantage of these opportunities and support these organizations in achieving their diversity and sustainability goals.

In summary, the EV market is projected to grow significantly in the coming years and ChargeNode.io is well positioned to benefit from this growth by providing a charging as a service solution that addresses the need for convenient and reliable charging infrastructure.