Why Pando Electric Isn’t Worried About EV Incentive Cuts
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Since the inauguration on January 20, 2025, the new President has made sweeping changes to policies affecting the electric vehicle (EV) industry. His administration froze key EV federal programs like the Inflation Reduction Act and Infrastructure Investment and Jobs Act—which allocated $7.5 billion to public EV charging— calling it “The Green New Deal”. Additionally, he seeks to end the $7,500 tax credit and EPA’s emission regulation. These changes have raised questions and doubts within the EV charging industry, but at Pando, we remain confident, focused, and prepared for the future.
The EV Industry’s Timeline and History
The rise of the EV industry in the U.S. owes much to California’s leadership. The state pioneered laws and incentive programs for EV adoption, which later became templates for other states. When the federal government finally joined the movement, those EV incentive programs largely mirrored California’s policies.
What Were the Incentives?
Federal and state incentive programs aimed to reduce the cost of EV adoption for individuals and businesses by offering rebates for qualifying EVs and EV charging stations. However, many of these programs exclusively supported cable-based EV chargers. While this may have made sense when California first introduced EV charging incentives over a decade ago, the industry has evolved since then.
Ex:
GWP Commercial EV program
SCE
As the market progressed, new technologies and innovations emerged that offered more efficient, cost-effective, and user-friendly charging solutions. However, the continued emphasis on cable-based systems created a barrier for these new, more innovative approaches to gain traction.
Companies began prioritizing hardware that met rebate qualifications, allowing them to price their products higher while appearing cost-effective due to the incentives. As a result, the market became imbalanced, sidelining more affordable and innovative solutions that better addressed the needs of both businesses and EV drivers.
The True Cost of Ownership
Imagine a Jaguar and a Honda Civic. The Jaguar is a high-performance luxury vehicle, packed with advanced features and “premium parts”, while the Honda Civic is a reliable, efficient car built for practicality and affordability. Now, imagine the government provides financial support to the Jaguar manufacturer, allowing them to lower their price to match that of the Honda Civic. Suddenly, consumers might think the Jaguar is better than other options. However, while the Jaguar may initially seem like a great deal, it comes with much higher maintenance costs to keep it running smoothly, whereas the Civic is known for its reliability and longevity, often running effortlessly well past its expected lifespan.
Pando’s Customer-Centric Approach
At Pando, our mission is clear - To bring the ultimate EV charging experience to multifamily and commercial properties by providing a powerful, smart, and turnkey solution for everyone.
Our value proposition stands out because we’re the only EV charging solution that is: Affordable, Socket-Based, & High-Powered
While many companies rely on incentives to lower costs, Pando offers an industry-leading solution priced at $599 per outlet. Unlike lower-powered Level 1 or low-end Level 2 chargers that struggle to sufficiently charge vehicles overnight, our smart, high-power outlets deliver efficient, reliable, and affordable EV charging without cutting corners.
Why Pando Thrives Without Incentives
Incentive programs have excluded socket-based innovations like Pando’s, favoring cable-based chargers. This creates challenges for companies focused on meeting customers’ real needs rather than aligning with rebate criteria.
Pando is ahead of the curve with its innovative approach to EV charging. Our design focuses on lower maintenance, minimizing hardware faults, and reducing long-term upkeep costs. With seamless connectivity, a robust wireless mesh network ensures 99% uptime, providing a reliable charging experience. Additionally, our cost-effective charging solution offers affordability without compromising performance, addressing the needs of both property owners and EV drivers alike.
Our product isn’t built to fit government incentives—it’s built to fit our customers’ needs.
The President’s Unintended Impact
While the President’s policies may seem like a setback for the EV industry, they are leveling the playing field. Without incentives dictating market trends, companies like Pando Electric, prioritizing innovation and customer satisfaction, now have an opportunity to shine.
So, no, EV charging is not going anywhere. At Pando, we’re here to stay, redefining what it means to offer smart, reliable, and customer-first EV charging solutions.