Monopolies are generally looked unfavorably upon. Consolidating power into one entity typically renders said entity with the sole power to offer their product or service at a price defined by them, and not you, the consumer. Now, this works when the consumer needs the product or service. But in the case of something that is not necessarily needed, monopolies can be a positive thing.
ChargePoint is the largest network of electric vehicle charging stations in the world. Founded in 2007, they are partners with BMW, Cadillac, Chevy, Fiat, Nissan, Mercedes, Toyota, VW … everyone! They have installed charging stations on a global scale and have done it better than anyone else.
For years ChargePoint operated as a virtual monopoly, the only provider to offer this service on a large scale. This worked well as the EV industry could not have expanded without them, but like most things, monopolies don’t last long in open markets when [...]