E_3_Spark-Share

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Concordia University *

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6041

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Electrical Engineering

Date

Jan 9, 2024

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pptx

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SPARK-SHARE ENCS 6041 – Group E - Assignment 3

GROUP E Abhishek Bhavsar (40258278) Alexandra Agozzino (40128441) Bhargav Manavadariya (40189844) Dhruv Thakkar (40196138) Fatemeh(Rose) Taghizadeh (40236768) Setayesh Ghasemnejad (40241636) Tejas Dobariya (40217256) Yash Sonar (40240132) Spark-Share 2

RECAP: EV CHARGING FOR THE PEOPLE, BY THE PEOPLE. • Installation location: Spark-Share 3

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RECAP: EV CHARGING FOR THE PEOPLE, BY THE PEOPLE. • Revenue Breakdown: • Charger Specs: 9.6 kW (240 V, 40 A) (33% faster) • Electricity Cost: 0.11 $/kWh (Quebec) • Owner Markup: 0.1 $/kWh • Company markup: 0.04 $/kWh • Total cost: 0.25 $/kWh • Total revenue per hour: 2.4 $/hour (Range: ~50 Km) • Owner Profit: 0.96 $/hour • Occupancy : 5 hour/day (20%) • Annual owner net Income: 1752 $ • Annual company income per charger: ~700 $ Spark-Share 4

CRITICAL THINKING Objective Assessment: • Evaluation of idea and evidence in an unbiased manner • Overlooking Pre-existing notions • Challenging our own belief systems Our Approach: • Found the bottleneck of the industry with analysis • Recognized the assumptions related to problem • Careful evaluation of existing solutions and it’s impact • Gathered relevant information and data to support the claim • Developed the solution with profound evidence Spark-share 5

CRITICAL THINKING EVIDENCE EVALUATION Problem • Range Anxiety for EV owners • Current Infrastructure and it’s limitations Evidence • Data collection from various sources to back the claim • Potential Impact of proposed solution • Comparative analysis with traditional charging stations Evaluation • Impact assessment of the proposed solution with surveys • Addressing the potential issues with solution • Consultation and Collaboration with EV manufacturers. Spark-Share 6

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CRITICAL THINKING QUESTIONING THE BELIEF SYSTEM • Benefits of Proposed solution: • Accelerates EV transition • Provides better alternative to current solutions • Environmentally efficient • Stakeholders: • EV owners • Charger owners • Investors • Government and environmental activists • Target Market: • EV owners • Potential EV buyers Spark-Share 7

CREATIVE DESTRUCTION TECHNOLOGY, BUSINESS AND SOCIETY • Global EV charging market is valued at $ 11.9 billion and is expected to grow at 45 % CAGR. It is estimated to reach at $ 76.9 billion by 2027. • Reduced dependence on existing charging infrastructure. • A catalyst for the EV adoption. • Sustainable transportation • community engagement and collaboration. Spark-share 8

EXTERNALITIES Positive: • Improved efficiency of charging infrastructure • Decreased range anxiety • Earning opportunity for the charger owners • Leap towards sustainability Negative: • Increased charger cost • Potential strain on power grids • Traditional market disruption Spark-share 9

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SOCIAL ENTREPRENEURSHIP Mission & Purpose • Easy and Affordable charging access • Environmental sustainability • Community engagement Partnerships • Community empowerment with self- sufficiency • Stakeholder collaboration with government entities on sustainability Impact Measurement Spark-share 10 • Regular assessment of environmental impact • Positive Impact on community well-being on social and economic metrics

SUMMARY • Proposed Solution: • Shared EV charging infrastructure • Evidence: • Data collection, Impact assessment and objective comparison with traditional infrastructure. • Creative Destruction: • Traditional charging infrastructure will be obsolete over time. • Social Entrepreneurship: • Keeping affordability, sustainability and ease of use at the core of the solution. Spark-share 11

THANK YOU Spark-Share

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