Question
You're an associate at GreenTech Ventures, and you've been tasked with estimating the Total Addressable Market (TAM) for EV charging stations in the state of
You're an associate at GreenTech Ventures, and you've been tasked with estimating the Total Addressable Market (TAM) for EV charging stations in the state of New York for the year 2025. You have the following data:
- By 2025, the number of electric vehicles in New York is projected to be 500,000.
- On average, each electric vehicle needs to be charged once every four days.
- The average price paid by an EV owner for a single charge is $25.
Based on the information provided, what is the TAM for EV charging stations in New York for the year 2025?
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Entrepreneurship
Authors: Andrew Zacharakis, William D Bygrave
5th Edition
1119563097, 9781119563099
