Lifestyle EV Broker Start-Up Wants to Electrify & Solar-ize You

Hollywood producer/director, David Eagle, became so passionate about electric vehicles and solar power that he’s packaged the two technologies together and is offering them in a unique concierge service. With the help of the Los Angeles Cleantech Incubator he and his team want to deliver an electric-solar lifestyle solution customized just for you.


***Transcript***

Recording date – January 10, 2018

David Eagle: We are the world’s first electric vehicle plug-in hybrid and hybrid licensed auto broker/concierge service. We go far beyond just dealing with cars with our clients the HOV stickers, the Clean Air Vehicle rebate that California provides to any type of a plug-in vehicle whether it’s a plug-in hybrid or an all-electric. We also provide chargers and the installation of chargers if they want that in their garage or in their office. We’re charging several electric cars day and night. I’m running a 3800 square foot house, and I don’t pay anything for electricity. In the summer, it’s negative. It’s in the negative numbers. In the winter, the bill ends up being in the positive numbers but because I built up the credits, I don’t pay for it. That’s why we call that the total EV lifestyle experience. It’s a great thing. I mean never having to put gas in your car, charging it using the sun, no pollution whatsoever.

Tom Smith: Welcome to iDriveSoCal the podcast all about mobility from the automotive capital of the United States, Southern California. I’m Tom Smith. And joining me today is David Eagle of Current EV. David is the founder and CEO of Current EV, which is a portfolio company of the L.A. Cleantech Incubator. David, thank you so much for joining me today.

David Eagle: Thank you, Tom for having me.

Tom Smith: So high level tell me what is Current EV?

David Eagle: We are the world’s first and as far as I know only electric vehicle plug-in hybrid and hybrid licensed auto broker/concierge service. Say that three times fast.

Tom Smith: Rolls off the tip of your tongue. So I get the licensed auto broker part, but what do you mean by concierge service?

David Eagle: Well, we go far beyond just dealing with cars with our clients, so electric cars come with all sorts of other bits and pieces for, for example, the HOV stickers that you can get for them. Often dealers don’t know about them or if they do know about them, they don’t know how to get them. The consumers are stuck on their own. We help people get them. We can actually handle the paperwork for them. Same thing with the state rebate, the Clean Air Vehicle rebate that California provides to any type of a plugin vehicle whether it’s a plug-in hybrid or an all-electric. We help them with that. If they’re purchasing the car, and they’re not sure how to get their $7500 or up to $7500 federal tax credit, we help them with that as well. We also provide chargers and the installation of chargers if they want that in their garage or in their office. And we also have a referral to a sister company here at LACI called Pick My Solar for those people who want what we call the complete EV lifestyle experience if they’d like to add solar power to that.

Tom Smith: If I want to lessen my carbon footprint exponentially and go completely electric, you guys can help in all the very various capacities…

David Eagle: We can handle the whole thing or bits and pieces of it.

Tom Smith: All right. Where did the idea come from? You’re the founder CEO, so I’m assuming it’s your brainchild but tell me about the beginnings.

David Eagle: Well, going back to 2011 when the Nissan Leaf was…actually 2010 when it was coming out, it had not come out yet. I was one of those people like the Tesla 3 model people now that are putting their thousand dollars down for the Tesla Model E. I heard about Model 3. I heard about the Nissan Leaf. I went online. I put $99 down with a credit card to become one of the first owners of a Nissan Leaf sight unseen, hadn’t driven it. All I saw were pictures and I read about it, and almost a year later in 2011, I became the owner of the number seven Nissan Leaf in the United States. The first day they were here in Los Angeles, I was one of those people that had one.

Tom Smith: So I’m sorry, I have to interrupt you real quick. Number seven Nissan Leaf owner. Couple of things, one, the car is probably going to…that particular car is probably going to be worth some money down the line. Two, is there anything that I need to know about David Eagle that I don’t already know that puts you at the status of getting number seven?

David Eagle: No…

Tom Smith: Because I mean are you…

David Eagle: I was just one of the very first people…

Tom Smith: Just luck of the draw? You’re not like a billionaire that I’m not aware of.

David Eagle: No. I wish.

Tom Smith: Wow.

David Eagle: If I were a billionaire, I would need investors…

Tom Smith: And wouldn’t be sitting here with me.

David Eagle: But so I had the number seven Nissan Leaf and I was so impressed with this car. I really liked it. And Nissan was sending us t-shirts and hats and stuff all during the time that we were waiting for the car to come in. And so I still have these t-shirts. One of them says, “I wake up fully charged.” That’s what it says on the T-shirt. And so I really like this car a lot. And I’ve had Mercedes and BMWs and Jeeps and you know you name it. I’ve had the gamut of cars in my life. This was a very special car. It was just loaded with all kinds of technology. The fact that I never had to put a drop of gasoline and it was great. The range was 90 miles. It didn’t bother me a bit. Everybody’s worried about this range anxiety which we can get into later. That’s one of the things that we in our company do everything we can to dispel. That range anxiety is something created by and fostered by those people who want to keep gasoline going. In any event, so this car was so wonderful. About six or eight months later, we got the next EV they came out with which was the Chevy Volt. And it dawned on me people were asking me everywhere I went, “Is that one of those electric cars? Is that that Nissan…what is it called?” You know blah, blah, blah. And I would tell them. I’d answer questions that they had about it. And invariably they would ask me, “Where can I get one?” Well, the dealership that I got mine from was in Santa Monica, Santa Monica Nissan. Six months after I got it, they closed. And so the closest place on the west side of Los Angeles, which is probably one of the most liberal, progressive areas and environmentally conscientious group of people. There are probably more Priuses per square foot in that part of the town than anywhere else. In that part of the town, you could not buy or lease a Nissan Leaf. You had to go Downtown, South Bay, the Valley, wherever. So it dawned on me there ought to be a place where people can get, not only these two electric cars but all of the electric cars that are going to be coming out over the next few years. There ought to be a dealership for electric vehicles. So I contacted people at Chevrolet and Nissan. I sent letters and e-mails. And I had meetings with them and this went on for a year trying to convince them that I wanted to open up a dealership that only sold and leased electric vehicles. And ultimately, they said, “Yeah, this is an intriguing idea, but we can’t do it. We can’t allow you to do it.” “What do you mean you can’t?”

Tom Smith: Because Nissan doesn’t want their car under the same roof as a Tesla vice versa…

David Eagle: Or a Chevrolet. Exactly. So I said, “Well, so is this like a state law or a federal law?” And they said, “No, it’s a corporate policy.” “So you guys make corporate policy, right? Don’t you want to sell more of these cars? Because we’re going to sell more of these cars for you.” “Sorry, not interested.” So one guy I dealt with, and I won’t say which car company and I won’t mention his name because he said to me, “Do not ever tell anybody that I am the one that told you this.”

Tom Smith: Well, then this is a good venue for you to not share that information.

David Eagle: I can share the information, but I won’t tell you who it is. He said, “Go find some dealers that will work with you.” I said, “Wait a minute, I’m going to be a dealer competing with them.” He said, “No, you’re not. You’re going to work with them.” I said, “Okay.” I picked up and I called the Nissan dealer in Downtown L.A. where the guy who sold me my car, leased me my Nissan Leaf…

Tom Smith: Was then working.

David Eagle: …was now working there and he’s one of the cofounders of Plug-in America. This guy’s an electric vehicle expert and aficionado. And I said, “Thinking about…I wanted to do this dealership that the manufacturers wouldn’t let me do it. So somebody told me I should see if a dealer would work with us.” And the guy said to me, “Oh, so you mean you would be a broker?” And I said, “Oh yeah, okay, I’d be a broker.”

Tom Smith: And then the light bulb went on.

David Eagle: Yeah. And he said, “Yeah, well that would be great. So in other words, you’d have like a location where you’re brokering cars, say, in West L.A. and we’re down here in Downtown L.A. or the South Bay or wherever and we could basically sell our cars through you.” And I said, “Yeah, I guess that’s the way it is.” He said, “Where do I sign up?” And then I made phone calls to a bunch of other dealers, Chevy dealers, Nissan dealers. And at that time, other car companies were starting to come in with electric vehicles, and they all said, “Yeah, this is great. We love you.” So we put together a business proposal for an electric vehicle brokerage instead, figured out how to become a broker, went to the DMV and you know filled out all the forms. We had to put up a $50,000 bond. We had to have our background checked, all that kind of stuff. And we became a broker, and during the course of that, you know, I’m not a car guy. My partner is not a car guy. One of our original partners, who is actually no longer with us, was a car guy. He worked for Coda electric cars, and he has a Coda. And at that time, they had just announced that they were declaring bankruptcy and going out of business. And so he came along and he was our car guy, but I had been involved in all of this. I’d been learning so much about this that I became something…

Tom Smith: Real quick, sorry to interrupt. What were you doing before as this was all coming about?

David Eagle: Before this, I was an Emmy Award winning television producer and director.

Tom Smith: Okay, television producer to…

David Eagle: And director.

Tom Smith: What shows?

David Eagle: I directed “Babylon 5”, “Sliders”, a lot of after school specials which is what I started out doing, TV movies, a lot of sci-fi. That was my thing.

Tom Smith: Okay, cool.

David Eagle: So…let’s see, where was I?

Tom Smith: Talking about your colleague from Coda.

David Eagle: Yes. So the three of us join together. He helped us put together a business plan that made sense because the kind of business plan I would put together was about making TV and movies, and so we put that together. We went out trying to get investors. And the guy who leased me my car that I told you about earlier was now working at Downtown L.A. Nissan called me and said, “You want to talk to this guy I know who I leased a Nissan Leaf to. He is an angel investor and I’ll set up a meeting.” So he set up a meeting with us with this guy. We had lunch with him, and he said, “Well, you know, I don’t know whether you’re quite ready yet for an investor. You need to do this, this, and this,” and he gave us some great pointers and some suggestions on our deck and on our business plan. He said, “But you know what? I’m on the board of directors of something called Los Angeles Cleantech Incubator.” And we didn’t know what that was, and he told us what it was. “I think you guys should be a portfolio company with this organization,” and he explained what that was. And he set up a meeting. We came in and pitched ourselves at a meeting with about 10 members of L.A.’s Cleantech Incubator, and we got turned down. They said, “We don’t think you’re quite ready.” They gave us four reasons why one of which was our name. Our name, at the time, was the EV Store. They said, “We think you need to have a name that’s bigger and more inclusive of some of the things that you do.” So we went back and I spent the next three or four months dealing with those four questions, and I called them back up and I said, “We didn’t take your rejection of us as a no. We just took it as a challenge, and we’d like to come back in and pitch to you.” They said, “Great.” We came in and pitched. We answered all their questions. They said, “Great, we want you.” So that’s how that happened.

Tom Smith: All right, and here we are. How long ago was that?

David Eagle: That was about two and a half years ago.

Tom Smith: So two and a half years you’ve been part of LACI?

David Eagle: Right.

Tom Smith: And LACI helped you really become a thing.

David Eagle: Yes.

Tom Smith: Bring you into reality from concept to creation. When did you begin operations and then help your first customer?

David Eagle: We started, actually, once we had everything in place with our license and our city business license, and State Board of Equalization taxing, all that stuff done, we started brokering just a little more than a year ago. We started in November of 2016 for our first car.

Tom Smith: And currently just operating in California?

David Eagle: In mostly the greater Los Angeles area, Southern California.

Tom Smith: Okay. Because what you’re doing as a broker, it requires state by state license.

David Eagle: That’s correct and developing business relationships with dealers as well.

Tom Smith: And before I get too far into where we are now, where you came from, would you like to acknowledge your other key players?

David Eagle: Yes, my partner John Coulter is our chief marketing officer but also kind of an equal partner with me. We’re self-funded up to this point, so he and I both put a total of about $100,000. It hasn’t been a huge investment because once we started brokering, we’re actually making an income. So the amount of money that we make on a monthly basis more than pays our monthly nut. It doesn’t pay our salaries. We’re basically still working for nothing at this point. But John comes from the record industry in marketing and design. And then my other partner, who has since left the company, but maintains an ownership, a small ownership and a partner, his name is David VanMiddlesworth. And like I said, he worked for Coda mostly in marketing and also in business development. We have two UCLA interns who work about 10 to 12 hours a week each for us. So they’re not working for nothing. We’re actually paying them. They actually came through an interim program here at L.A. Cleantech Incubator. They were so good, that we asked if they would like to continue in a part time way with us. And they did.

Tom Smith: So a little bit over a year. How many cars total or how many monthly are you? Where are you at?

David Eagle: We’re now at an average of about 100…I’m sorry, 10 to 12 a month. We’re closing in on about 100, so far, that we’ve done. And our broker fee, which is paid by the dealer, not by our customers, even though we represent our clients. And we handle everything for them.

Tom Smith: So where is the business going? And let me preface that by saying you’re providing the EV and the concierge service, so you’re helping me, as a customer, immerse myself in the ecosystem of EV and solar in certain situations. But then you have this other component going on with the best deal, and we all know companies out there, tech companies as well as brokers, because the broker businesses new, that are out there trying to do the same thing to various degrees and various capacities. So 3 years from now, what does your business look like operationally as well as 5 and 10 years from now, but then, you know, also, where’s the growth?

David Eagle: Well, three years from now, right now, we’re kind of a mom and pop broker like any other broker.

Tom Smith: Pop and pop and two paid interns.

David Eagle: Right, Pop and pop and two interns. So we broker the old fashioned way. We have a client who calls us or contacts us by e-mail. They go on our website, they contact us, and they tell us what they want. If they’re not sure what they want, we educate them. That’s a very strong component of ours. We help them find the right electric vehicle or hybrid or plug-in hybrid for their lifestyle, for their needs.

Tom Smith: Now, just to dig into your business model a little bit, if you’re negotiating with dealers but then also the dealer’s paying you…see where I’m going?

David Eagle: Yeah, let me tell you how that works. And we still get people the best deal. We even challenge our clients. I’ll get to that in a second. We work mostly with fleet dealer, the fleet manager at the dealers. And so we’ve managed to work out with most of the dealers a fleet rate for an individual car. The reason being that they expect us to do 20, 30, 50 cars over the course of the year. So they’re treating us like we’re doing that all at the same time. An individual walking in off the street or picking up the phone and calling cannot do that. So even though they’re paying us a fee, we’re getting a fleet deal for our customer. They’re still getting a better deal than if they did it on their own. And we’re getting paid by the dealer.

Tom Smith: Now you mentioned something earlier too about test drives. Do you actually have a small fleet of vehicles that…

David Eagle: We do, but it’s very small. We have a BMW i3. We have a Audi A3 e-tron. We have a Mercedes B250e, which they stopped making this year, and I’m really sad about that because it was a great car. We have a Chevy Bolt, a Nissan Leaf. My partner has a Tesla, but we don’t do test drives in Tesla because it’s the only electric vehicle that we do not broker.

Tom Smith: Why?

David Eagle: We would love to broker Teslas. We think it’s the best car in the world, electric or otherwise, but they don’t need brokers. Every Tesla that’s made is sold or leased before it even comes off the assembly line. So they don’t need brokers. They might need a little help on selling used cars that sometimes come back to them. But, generally, we do that. So as much as we would love to broker Teslas, there’s nothing in it for them to do that.

Tom Smith: So where’s the business from a growth perspective three years, five years?

David Eagle: So let’s say three to five years from now we’ve just developed, for lack of a better term, an app. It’s not really an app; it’s more like a web tool on our website. It allows somebody who already knows what they want if they’ve already done their own test drive and they pretty much narrowed it down to one or two cars that they’re interested in, and go on our website. Every electric car, anything that plugs in and just about every hybrid is on our website. They’ll find a little thumbnail photo of the car then click on it, and all the information you want about that car is right there. So you don’t have to go to 10 or 12 or 20 different websites of the different manufacturers to find out information about those cars. You can see that all on our website. The other thing that’s on our website is called the EV Deal Builder. This is this tool that once you know the car you want, you can click on the deal builder, you get another group of thumbnail photos of the 45 or so vehicles that we’re currently brokering, click on one of them, and you build your car the way you would build it on the dealer’s website or the manufacturer’s website. You pick the color, you pick the trim, you pick the options, you pick the packages, you pick anything that you want, and it totals everything up on one side as you’re building the car. It asks you for your personal info contact information, your phone number, address, email address, etc., etc. If you have a current lease, what is it? Do you have a trade and all the questions that somebody needs in order to work up an offer. But what happens is when you click submit, it gets sent to as many as a dozen local dealers who have that car. But your personal information doesn’t go with it. So it’s sent anonymously. You’re assigned a number. That’s what the dealer gets, a number, a zip code for where you live, an approximate credit score, which you indicate in our thing. “I am approximately above or below 720.” So the dealer needs to know that in order to make an offer. Whether or not you have a current lease and what that is because there might be a bonus or a discount for having that. If you’re a Costco member, we beat Costco prices. Indicate that. You will have to show that you’re a Costco member. If you’re a USAA insurance member or a vet, all of those things can give you discounts and all of those things you indicate. Once the dealer has all that, it takes them 5, 10 minutes tops to work up an offer. It gets sent back to us.

Tom Smith: So you’re automating the process on the front end, but then on the back end, you’re putting your own human element in it. Why? Why do that? Why not send all the offers to the consumer and allow them to select?

David Eagle: Well that’s something we’re doing now because we can. What will happen in the future is that will be totally automated. Probably three to five years from now, that will we’ll be like that.

Tom Smith: So it’s just that the technology perspective? You haven’t built out the technology?

David Eagle: No, no, the technology is there. We’ve chosen to do that. We want to look at these things beforehand until we feel comfortable that…

Tom Smith: Oh so you’re…the human intervention is in order for you to monitor the situation.

David Eagle: And we’re still you know there are little things that we’re fixing still since we did a soft launch about two months ago. We’re learning things. We’ve got the customer’s input worked out. We’ve got our input and we’re still working on the dealer stuff.

Tom Smith: Has the customer, at the point of requesting the deal from the dealer, has that customer made any commitment to you on the front end? Have they given you a credit card, 99 bucks, anything?

David Eagle: No.

Tom Smith: They just expressed interest.

David Eagle: We just have their e-mail address, their address, their phone number, their name. We don’t have any financial information.

Tom Smith: And now you just released this a couple months ago you said?

David Eagle: Yes, two months.

Tom Smith: How many deals have you worked through this system?

David Eagle: Through the deal builder, we’re just 120 at this point. It’s been pretty slow, and we’re still getting a lot of referrals from people who call us on the phone. Now what we’re doing is we’re asking those people to try the deal builder.

Tom Smith: So is the plan to migrate the business more online as opposed to…

David Eagle: In order to scale it up and become a national business, we have to do that.

Tom Smith: How do you manage the test driving component that you currently have at your west side…?

David Eagle: Currently, that’s done with direct contact. So if somebody indicates they want a test drive either through our website, it’s a little form you can fill out where you want to test drive. We contact them and work out a test drive. We either do it directly with a dealer that might be near them with or without one of us going. But right now, we try to go on those test drive so that we’re there. And in many cases, some of the dealers will literally hand us the key to the car. “The car’s right there; it’s ready to go. Take your client out.” Not all of them do that. But we’ve got enough relationships with enough of them where we have the ability to do that. So a salesman from a dealership doesn’t even come for the test drive.

Tom Smith: But then as you scale up, you’re in San Francisco.

David Eagle: Right, we’re going to have to rely on the dealers to just do those test drives for the customers with the understanding that they’re coming in through Current EV. So they won’t pull you aside and say, “Hey, let’s work out some numbers,” and then, you know, you’re there for four hours. That’s not going to happen or at least we’re going to try very hard to make sure that doesn’t happen.

Tom Smith: What are you projecting for growth?

David Eagle: We’re hoping that within the next year, two, three years, we will be brokering up to a thousand electric vehicles a month.

Tom Smith: Just out of California?

David Eagle: No, nationally.

Tom Smith: Nationally.

David Eagle: Yeah, but from our company with the idea that 5 to 10 years after that, we’ll be brokering as many as 10,000 units a month.

Tom Smith: Wow. What are you basing those on? Because the thing that I would imagine you’re looking at…I don’t know. How long does it take to get a broker license in each state? I would imagine there’s…

David Eagle: Actually, it doesn’t take that long.

Tom Smith: Is it quick?

David Eagle: Yeah.

Tom Smith: Okay.

David Eagle: Yeah, that’s not a problem. We’ll be able to scale up. The bigger problem is getting all the dealers on board. That’s where the time consumption comes in because we have to talk to dealers. We may have to visit dealers. We may have to hire people in various different cities to become our sort of franchisee, in a sense. The number that we’re basing this on we’ve looked at all the studies of projections for EVs. The Luskin Center at UCLA in particular has done some really great studies about EVs. They’re thinking, whether we’re talking about a regular cars that are driven by human beings versus autonomous cars, ultimately, they’re all going to be electric. Sorry, oil companies, but you’re going to have to find some other use for that stuff because that’s not going to be very useful in probably 10 years, maybe sooner, maybe later. So if you look at the 17, 20 million cars that are sold every year here in the United States, when they all turn to electric or even if you’re only a fraction of that, right now, 3% of the cars that are sold and leased in the United States are electric.

Tom Smith: Do you know the other numbers too? Electric and then hybrid as well on a nationwide scale?

David Eagle: Yeah. Offhand, I don’t know the specific numbers of the hybrids, but electrics, it’s been 120,000 a year, which is not a lot when you compare.

Tom Smith: But that’s 3%?

David Eagle: Three percent, yeah.

Tom Smith: Okay. And that’s based on what I refer to as Asar

David Eagle: Right.

Tom Smith: But the total number of new cars on the road on an annual basis. Okay.

David Eagle: And a lot of people still refer to what last year was 1%, but it’s actually come up to 3% now. The Luskin Center is projecting what the electric vehicle market is going to be like in 5, 10, 20 years and so on. And using those numbers, just getting a portion of that amount where you do 10,000 a month, that’s a 1.2 million a year…or I’m sorry, 120,000 a year just from us. That’s going to be a small amount. That’s small potatoes. So I think we’re actually being conservative in estimating that.

Tom Smith: And you’ve been here with LACI for…

David Eagle: Two and a half years.

Tom Smith: Two and a half years, and I know all the LACI deals are different, so they have a customized agreement with you. From a runway perspective, you’re here as long as you need to be here?

David Eagle: As long as we need to be here and as long as they’re willing to stick with us. So we hope that it’s mutual.

Tom Smith: Is there anything we missed? Anything you wanted to cover?

David Eagle: The key thing is this range anxiety thing that people get worried about. Depending on the car that you have, you know what your range is. If you go beyond your range, you need to know whether or not, when you get to your first destination before you turn around and come back, that there is a way of charging. And there is a huge charging infrastructure already, regular charging.

Tom Smith: It’s building all the time.

David Eagle: That’s right. You go to Whole Foods, they have free chargers in their parking lots. There’s also now the DC fast chargers which are not just twice or three times as fast, they’re four times as fast as a regular charger. And a regular charger, the kind that you would put in your garage, for example, is three times faster than plugging into the wall. And by the way, that’s another myth to dispel. Everybody thinks, “Well, gee, I have to have some special arrangement to plug in my car whether it’s a plug-in hybrid or an all-electric.” You don’t. Any car that plugs in can plug right into any wall socket. The only problem is if it’s an all-electric car with a very big battery, it’s going to take very long to charge.

Tom Smith: And what is it doing to your electric bill? Or are you doing it solar so it doesn’t matter.

David Eagle: Since I have solar, I charge five or six cars during the course of a day and night. We usually charge…

Tom Smith: You mean at your place of business.

David Eagle: At home, at my home.

Tom Smith: Why are you charging five or six cars?

David Eagle: Well, all my kids have electric cars. My wife drives one. I have…

Tom Smith: Far from an empty nest. You got a full nest, and everybody’s EV.

David Eagle: That’s right.

Tom Smith: Okay.

David Eagle: So we’re charging several electric cars day and night. I’m running a 3800 square foot house, and I don’t pay anything for electricity. I have a large enough system where I either produce more during the summer, even when I’m charging electric during the summer, producing more electricity than I use in the winter and producing just a little less than I use. I’m using a little bit more than I produce. But DWP credits me when I make more. So I build up a credit bank of power in effect.

Tom Smith: No kidding? So your electric bill is zero?

David Eagle: Is net zero. In the summer, it’s negative. It’s in the negative numbers. In the winter, the bill ends up being in the positive numbers but because I built up the credits, I don’t pay for it.

Tom Smith: Beautiful thing.

David Eagle: Yeah, and that’s why we call that the EV lifestyle, the total EV lifestyle experience. It’s a great thing. I mean never having to put gas in your car, charging it using the sun, no pollution whatsoever. Talk about environmentally friendly, costing less. I mean people spend $1000, $2000, $3000 a year on gasoline. With an electric car, you don’t. You also spend much less money maintaining the car. The service of an all-electric car is minuscule price wise and time wise compared to a gas powered car. There’s no oil changes, no lube, there’s no sparkplugs to replace. There’s none of that kind of stuff. The most things that are normally done in electric cars is if the air conditioning isn’t cooling enough. And I’ve always said that there are four elements that are going to happen when everything is going to change. The first, and this I’ve been saying for almost four years since I first got this idea, when electric cars become affordable, and a lot of them are already, that’s element number one. Element number two, that they have a range of 300, 400, 500 miles on a single charge. Element number three, that you can charge 500 miles in 10 or 15 minutes, not in 12 hours.

Tom Smith: That’s game changing right there.

David Eagle: And that gas hits $5 a gallon. When those four things come together, and we’re not far from that; we may be 5, 10 years tops away from that. When that happens, everything changes.

Tom Smith: Okay, David, interesting stuff. David Eagle from Current EV, thank you so much for joining me. Very much appreciate all the information and best of luck to you and your partner as you grow Current EV. The website is…

David Eagle: currentev.com

Tom Smith: currentev.com. I’m assuming you can be followed on social media as well.

David Eagle: We’re on Facebook and Instagram.

Tom Smith: What’s the Instagram handle?

David Eagle: It’s @currentev.

Tom Smith: Okay, there you have it. That, again, was David Eagle of Current EV. David, thank you again. I’m Tom Smith. This is iDriveSoCal. As always, thank you so much for listening and until next time.

Download Complete Transcript