SWTCH: Peer-To-Peer EV Charging Market

Concerns over the distance, or range, an EV vehicle can travel has long hindered the diffusion of the innovation. Even today, it remains the primary hindrance that keeps people from purchasing an EV car. Improvements have been made over the last decade, including improved range technology and a larger network of EV chargers, especially in urban communities. But still, widespread EV adoption remains incomplete and currently only 85% of EV drivers have access to home charging, and 91% of drivers have difficulties finding public charging stations. 37 million EV vehicles are expected to be on the road in the U.S. by 2025. If the charging infrastructure is not improved soon, many transitional difficulties will lie ahead.

SWTCH is tapping into the craze of peer-to-peer networking to create one of the first sharing network for EV cars. SWTCH allows EV owners to find, book, and pay for access to someone else's personal EV charger, and the owners chargers can earn additional disposable income by renting them out. The value of the network, of course, depends on the number of people participating in it, and so SWTCH needs help spreading its technology to a wider audience.

SWTCH