Rapid EV adoption: As noted above, EV market share is rising fast in California (and globally). The higher the EV numbers, the more drivers will require fast-public charging, especially in multi-unit dwellings, renters, commuters, or those without home-charging access.

Infrastructure bottlenecks: The supply‐side is still catching up. While charger counts are growing, the number of high-speed DC fast chargers (which serve longer-distance/commuter corridors) remains relatively small and constrained. For instance, recent U.S. data show DC-fast charging ports grew the fastest in early 2024 (7.4% in Q2). (Alternative Fuels Data Center)

Grid & regulation tailwinds: California has supportive incentives (tax credits, rebates, renewable-energy programs) and policy momentum for EV infrastructure build-out. Subsidies have been shown to significantly boost charging-station supply; one academic study found that counties in California implementing subsidies saw a ~36% increase in charger supply two years later. (arXiv)

Real estate & site-location advantage: The proposed format of 14-20 stalls, canopy with solar, convenience amenities, and freeway/commuter adjacency matches a recognized “fuel-stop” use-case for EV drivers — filling a gap between home-charging (in single-family dwellings) and ultra-highway-only networks.

Predictable cost structure: As noted, electricity costs in California are regulated and more stable than oil-based fuels, which gives a degree of margin predictability for an EV-charging operator.

Brand-building opportunity: As the transition continues, consumers will gravitate towards reliable “charging-brands” (the way gas stations evolved). If Green Bolt can execute well under its brand and deliver high-reliability fast chargers + amenities + good locations, it may become a preferred “destination” for EV drivers — akin to how we remember Chevron or Shell in the gasoline era.