Hypercharge Networks Corp V.HC

Government Goals to Support Charging Infrastructure Growth

[Justdosomedd]

With the Canadian government creating a mandatory target for all new light-duty cars and passenger trucks to be zero-emission by 2035, we’re going to need a huge amount of investment and growth in the charging infrastructure side of things due to the massive size of the country and the colder temperatures that affect the range of EVs. This is why I’m expecting the early players in the EV charging infrastructure market to experience more growth than the companies looking to manufacture the vehicles, as they can create their own extensive network/natural monopoly in the market.

 

https://www.nrcan.gc.ca/energy-efficiency/transportation-alternative-fuels/zero-emission-vehicle-infrastructure-program/21876

 

Hypercharge is one of Canada’s only publicly traded EV charging companies, and they’ve been working hard to continue developing the future of the country’s transportation industry. And they’ve been working hard recently with numerous deployments across Canada. With competitors being valued in the $10000+ range per charger, there’s significant upside as HC continues to generate sales and recurring revenues as they scale the business. Definitely, an interesting one to watch at the current $30M valuation, especially when they have big things planned for 2023.