Companies like Amazon, Home Depot and Lowe's are competing to manage the power infrastructure of homeowners through products such as solar panels, and may offer incentives such as free panel installation for those with a membership. As subsidies have made it a profitable option, these companies want to own the relationship with homeowners and manage their power infrastructure.
Entrepreneurs can gain a deeper understanding of their customers with the use of data insights as it allows them to identify if they are serving their target market effectively or if they have wrong assumptions. Collating data also helps in decision making by looking at which companies have the best product that reaches a wider and happier customer base.
The majority of spending in the infrastructure bill goes to energy subsidies, which won't benefit the working class. The demand for electric vehicles and solar panels is largely driven by technological advancements and innovation, making these products more affordable over time.
Having both a cheaper front end product and a more expensive back end product are crucial for a successful business strategy. It allows for a larger customer base while still making significant profits from a smaller number of high paying customers.
In this episode, there is a discussion about the future of urban transportation and the potential for technology companies to create innovative solutions that could greatly reduce costs and inefficiencies. This could result in transportation being less than a dollar to go from one location to another in the near future.
China controls the entire supply chain of solar wind and batteries, making the global supply chain of renewable energy insecure. Proposals of interconnecting every region of the world in a giant smart grid have not been thought through appropriately.