Stable Auto and EV Connect Join Forces to Revolutionize EV Charging Pricing

Transforming the EV Charging Landscape: A Partnership for Success

In a significant move set to enhance the electric vehicle (EV) landscape, Stable Auto has announced a strategic alliance with EV Connect, a leading name in EV charging management solutions. This partnership aims to integrate Adaptive Pricing capabilities powered by artificial intelligence directly within the EV Connect platform, promising a new level of operational efficiency for charging network operators.

As the demand for EV infrastructure grows, so do the challenges associated with pricing strategies. Stable Auto, recognized for its innovative pricing optimization solutions, is stepping in at a crucial time. Uncertainty surrounding government funding for EV infrastructure necessitates a reliable approach that allows operators to maximize revenue while ensuring fair rates for drivers. The collaboration aims to provide exactly that—stability and predictability in a fluctuating market.

What is Adaptive Pricing?

Adaptive Pricing is a dynamic pricing model that adjusts in real-time based on various factors such as energy costs and demand for charging. This strategy is particularly beneficial for operators, helping them maintain profitability despite the inherent volatility in energy prices. Bassem Ammouri, the COO of EV Connect, emphasizes the importance of this initiative: "At the end of the day, if it doesn't make money, it doesn't make sense. Adaptive Pricing ensures that site operators stay profitable, even as energy costs and demand fluctuate."

EV Connect customers can already access Adaptive Pricing tools provided by Stable Auto. The rollout of these tools is set to expand globally in the coming months, offering enhanced capabilities that adapt to real-time station usage. This innovative approach balances the needs of drivers and operators alike, allowing for a seamless charging experience without compromising economic viability.

Benefits of the Partnership

The integration of Adaptive Pricing tools is projected to optimize resource utilization and boost net revenue significantly for charging network providers. Rohan Puri, the CEO of Stable Auto, highlights that public EV chargers need at least 15% utilization to be viable. With increased charger usage hitting 18% in 2023, the timing for this partnership couldn't be better. Operators will gain access to data-driven insights that inform pricing models, thus aligning costs with true operational realities.

The potential benefits extend beyond just revenue. With Adaptive Pricing, charging operators can set rates that fluctuate according to energy costs and driver demand, ensuring a fair experience for EV users while securing consistent returns on their investments. This integration equips operators with the transparency and tools necessary to thrive in an evolving regulatory landscape and market conditions.

The Role of EV Connect

Founded in 2010, EV Connect provides an all-encompassing platform designed for building and scaling EV charging businesses. The platform is known for its versatility, addressing the needs of a wide array of clients, from small startups to major Fortune 500 companies. EV Connect is committed to evolving alongside changing regulations and technological advancements, ensuring that their clients remain competitive and confident in their operations.

Their suite of services includes cutting-edge software solutions, branded customer support, and comprehensive deployment and installation assistance, all tailored to streamline the charging experience for operators and consumers.

Looking Ahead

The partnership between Stable Auto and EV Connect is poised to set a new benchmark in the EV charging sector. With AI-powered Adaptive Pricing, both companies aim to revolutionize how EV charging networks operate, turning them into sustainable revenue streams. This collaboration is not just about profits; it also represents a commitment to improving the overall experience for EV drivers, making the charging process more equitable and efficient.

As more companies and consumers embrace electric vehicles, the need for robust, adaptive pricing strategies will only grow. This partnership is a forward-thinking response to those challenges, empowering operators with the necessary tools to optimize their services.

For those interested in leveraging Adaptive Pricing to enhance their EV charging operations, early access registration is available on their platforms. Together, Stable Auto and EV Connect are on a mission to evolve the EV industry, one adaptive price at a time.