Dunamis Charge is certainly excited and looking forward to the countdown to 2030 when more than half of all U.S. car sales will be an electric vehicle (EV). Many are referring to the EV transition in the U.S. as the fourth industrial revolution. As a manufacturer of EV charging solutions, Dunamis Charge and our investors could not have asked for a more robust business environment to launch our innovative and revolutionary EV chargers.
Founded and based in the Motor City of Detroit, Dunamis Charge, Inc. expects to rapidly build its brand name and market share of the nation’s EV charging solution industry beginning with the first phase of its nationwide deployment strategy expected in the current first quarter of 2023. Dunamis Charge’s EV solutions, which are “Made in America” by American workforce, are expected to set a new standard when measured by convenience, affordability and reliability. We believe our ability to continue to drive technological innovation and deliver the next generation of EV charging products and solutions will solidify our position at the forefront of the near trillion dollar and rapidly growing EV charging market.
The Biden Administration has allocated a minimum of $900 million just for the manufacturing of EV chargers. The funding comes as part of the $1 trillion bipartisan infrastructure law passed last November — $7.5 billion of which is allocated for expanding access to EV chargers. Concern about a lack of local charging stations is one of the top three reasons car shoppers avoid electric vehicles, according to a July survey by Autolist. Across the country, just under 47,000 EV charging stations are available for public use, according to the U.S. Department of Energy. President Biden aims to increase that number to 500,000 by 2030.
The electric vehicle market is currently valued at $411.02 billion and is expected to reach $1.4 trillion over the next five years, representing a CAGR of 19.19% during this period. Despite the COVID-19 pandemic, electric vehicle sales worldwide witnessed significant growth over the past two years. The electric vehicle (EVs) market is continuing to experience substantial growth due to the swiftly escalating consumer adoption rate of mild-hybrid electric cars worldwide. There was also a dramatic rise in electric vehicle sales across Asia and Europe despite the pandemic.
Over the long term, factors such as the increasing fuel cost and government initiatives across different geographies to increase awareness of the emerging EV market are expected to promote electric vehicle usage over the foreseeable future.
Charging station infrastructure continues to expand, and countries like China continue to lead the passenger vehicle and urban bus markets due to a well-established supply chain for batteries and traction motors.
Moreover, increased demand for fuel-efficient, high-performance, and low-emission vehicles, increasingly strict laws and regulations on vehicle emissions lowering battery costs and rising fuel costs are all expected to contribute to the EV market’s continued growth.
Government regulations to phase out fossil fuel-powered vehicles, expenditures to improve public EV charging infrastructure, and initiatives in the form of subsidies and tax refunds to encourage the adoption of EVs are all drivers of the market’s continued development. Governments around the globe are investing in charging infrastructures either directly via public charging stations or indirectly by subsidizing private charging stations at homes and workplaces.
(Note: The revenue figures in the above chart are projections and subject to a number of risks and uncertainties which may cause actual results to differ materially. Investors are cautioned not to place undue reliance on such projections as they are only predictions. No assurances can be given that the future results indicated, whether expressed or implied, will be achieved.)
(Note: The earnings figures in the above chart are projections and subject to a number of risks and uncertainties which may cause actual results to differ materially. Investors are cautioned not to place undue reliance on such projections as they are only predictions. No assurances can be given that the future results indicated, whether expressed or implied, will be achieved.)
The US Electric Vehicle Charging Industry (EVCI), currently valued at $15 Billion, is projected to soar to $145 Billion by 2030.
According to the Bipartisan Infrastructure Law (BIL) The U.S. Federal Government has committed to spend over $7.5 Billion for Electric Vehicle Charging Infrastructure via state and local funding.
Last year, President Biden signed an executive order increasing federal government spending for Small Disadvantaged Businesses (SBD) to 15% by 2025. (Executive Order 13985, Advancing Racial Equity and Support for Underserved Communities through the Federal Government)
Dunamis Charge is the first black woman owned electric vehicle charging Manufacturer in the world. We are uniquely positioned to capitalize on the $1.1B spending specifically earmarked for minority-owned EVC companies by the federal government
Dunamis Charge’s smart charging technology is also highly adaptable. They customize it to fit the unique needs of any EV charging network, whether it be for a single location or a large-scale deployment. This flexibility makes our EV charging solutions ideal for businesses looking to expand their EV charging capabilities, as well as municipalities looking to upgrade their public EV charging infrastructure.
Our sustainable solutions are also a major draw for investors. We understand the importance of reducing our carbon footprint and use renewable energy sources to power our EV charging stations. This not only helps to reduce the environmental impact of EV charging, but it also helps to reduce operating costs, making our EV charging solutions a smart investment.
