Orion Energy Buys Voltrek — This May Signal A Maturing EV Industry
given the high barriers to entry. The existing companies can then take advantage of their economies of scale to become even more efficient and profitable. This stage can later end when a novel technology or business practice upends it . This cycle can often repeat, but the scope of the overall industry may change during disruption.
Voltrek offers EV charging solutions and support to commercial businesses, acting as a value-adding reseller to leading Electric Vehicle Supply Equipment and providers. They offer turnkey solutions that cover everything from planning and installation to maintenance and management services. The company says it will continue operating with its existing employees but under the new Orion brand name.
Approximately $5 billion in state and federal programs will incentivize consumer adoption of electric vehicles and support the buildout of EV charging infrastructure over the next five years. The National Electric Vehicle Infrastructure Formula Program, established by the Bipartisan Infrastructure Law, will provide funding for these programs.
But, the disruptor can’t reign forever, at least not while disrupting. Innovative ideas do need a chance to succeed, and like seeds, repeated washouts in the garden keep anything from growing. A new or disrupted industry eventually has to settle into a new pattern of doing things if it wants to give the new ideas and ways a chance to succeed.
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