How Today’s EV Industry Mirrors the Early Solar Industry: Key Lessons Learned

Power purchase agreements (PPAs) revolutionized solar adoption, providing a “means to avoid the upfront capital costs … as well as simplifying the process for the host customer” (SEPA). As we first saw with the solar industry, economics and performance ultimately drove adoption, and now the electric vehicle (EV) market is following suit. With rapidly growing cost-parity, we’re closer than ever to approaching the economic tipping point for EVs – but, as we once saw with solar, the long-term forecasted market growth of EVs is repeatedly underestimated and other barriers continue to arise. After 20 years helping companies transition to solar using the PPA model at companies like SunPower, NRG, Black & Veatch and Nextracker, Kevin Prince, VP - Fleet Electrification at Revolv is now bringing the same successful model to the transportation industry. Revolv offers customers a completely full-service solution for transitioning to electric – from citing charging infrastructure, to training drivers, to coordinating with local utility companies – eliminating all adoption barriers for fleets. This is more critical than ever in light of recent policy momentum mandating fleet electrification, from the Inflation Reduction Act (IRA) to state-wide mandates like California’s Advanced Clean Fleets and proposed SB253.