DIY Electric Car Forums banner
1 - 1 of 6 Posts

· Registered
219 Posts
Hi from NZ.

My advice would be to disregard the technical aspect at this point and find how to make a profitable business model first off- if you are intending to do this for a living. It is not an easy business model, one fraught with pitfalls and traps for young players. The biggest trap is thinking it will be profitable. The second biggest trap is thinking it is going to change the world/improve it/save it etc.

There are a few existing players who have been in business for decades, they are surviving but I'd very much doubt that they are listing on the share market any time soon. As a newcomer, you'll have to do all that they are doing and then do it better, all without the resources, reputation and customer base they have. A bespoke retrofit business model is somewhat linear in that the amount of work you have to do on the first one is almost the same as the amount of work you have to do on the Nth one. While you can reduce costs a little with bulk buying and manufacturing, there isn't much non-linearity in the scale factor so you are in for a hard slog. Your profit is in your value-add, if all you are adding is installing somebody else's equipment into a car and giving it a shakedown run then that isn't a lot of value for the amount of effort. Not impossible, but there are easier ones out there.

For the technical side, get a degree, or other relevant trade qualification. If you are putting customers lives in the hands of your engineering skills then a two week course at some guys workshop isn't going to cut it. I used to play around with motors and wires and stuff as a hobby 20 years ago and somebody told me to go get a degree. I didn't really go to high school so it was a bit of a battle but finished a BE Mechatronics at 32yo and have had a great career as a contractor since. Best advice ever was "the most expensive thing you can do with your life is stay in a low paid job".

Would I start an EV conversion shop? No, I couldn't afford to. Possibly not the advice you want to hear, but if you can find a business model that is profitable then more power to you.
1 - 1 of 6 Posts
This is an older thread, you may not receive a response, and could be reviving an old thread. Please consider creating a new thread.