North America will soon see the introduction of the first compact, durable, and user-friendly EV chargers with a fully detachable charging cord, specifically designed for urban environments. It’selectric is unique as the only charging network that offers revenue sharing with residential property owners.
This innovative model incentivizes property owners to support the EV transition, making it more accessible and appealing across various markets.
The upcoming pilot program will serve as itselectric’s most extensive public demonstration of its charging network, helping cities meet carbon reduction goals while cutting costs by avoiding the need for extensive infrastructure upgrades typically associated with on-street charging.
This technology aims to bring EV charging to new urban neighborhoods, encouraging more individuals to switch to electric vehicles and aligning with Hyundai’s goal of making EV technology more accessible.
This pilot emerged from It’selectric’s recognition as a finalist in Hyundai CRADLE’s EV Open Innovation Challenge. Finalists were selected for their potential to broaden market access to electric vehicles and enhance customer charging experiences through innovative technology and business models, as assessed by Hyundai CRADLE with input from Hyundai Motor North America.