Give another three points for an electric car charging station for the following based in Ontario: Strength's,

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Question:

Give another three points for an electric car charging station for the following based in Ontario:

Strength's, Weaknesses, opportunities, and threats.

For example

We bear in mind that strengths and weaknesses are internal (things we have control over and can change, like team members, assets, location). Opportunities and Threats are external, like competitors, prices of goods, market trends.

1. Strengths: -Location: Ontario. According to Stats Canada, QC, BC and Ontario are the top provinces where EVs (Electric Vehicles) are found the most in Canada. -Assets: ED (Energize Differently) plans to use renewable energy (wind, solar), which is cheaper than electricity in the long run, and sustainable. -Price of goods and services: We plan to commercialize our portable chargers at a cheaper rate than the actual market price.

2- Weaknesses: -Team members: No expert in sustainable energy in the team, so we need to hire one. -Requires huge funds to start: Renewable Energy may be cheaper in the long run, but it is expensive to acquire high quality solar panels. -Selling lower than the market rate means we might not make any gain (i.e., revenue minus costs incurred) in the first months or years.

3- Opportunities: -Rate of acquisition of EVs is expected to rise thanks to the government's incentives -The current state of the competition is oligopoly, meaning there are only a few service providers to compete against.

4- Threats: -Competitors may be few, but they are powerful and well established, e.g Tesla, the world leader in EVs; Petro-Canada, thousands of stations across Ontario. It might be difficult to develop strategies to snatch their loyal customers.

-If the government builds more gratuitous electric charging stations as they plan to, that part of the business might turn out to be much less profitable than expected.