Dynamic EVC stays the course amid federal policy changes

Federal support of electric vehicles is waning, but partners in a Springfield company that specializes in manufacturing and installing chargers report they’re not concerned.

The most recent setback for the EV industry is President Donald Trump’s signing of resolutions aimed at stopping California’s initiative to ban the sales of gasoline-powered cars by 2035 – a decision adopted by 17 states.

Under the presidential mandate, the states will no longer be able to enforce the rule.

Additionally, the One Big Beautiful Bill Act of 2025, passed by the U.S. House of Representatives and currently being reviewed by the Senate, proposes a repeal of tax credits for the purchase of electric vehicles and would add an annual fee for road repair costs.

That could seem like a stumbling block for Springfield-based Dynamic EVC, but John Lorenz, one of four partners behind the business, says private investment in electric vehicle technology is on the rise.

“Private investment’s been 99% of the driving force nationwide, and that’s increasing, not decreasing,” he said.

The International Energy Agency’s 2025 Global EV Outlook projects electric car sales will increase by 25% globally this year, similar to the growth rate from 2024. China is in the lead among major markets with electric car sales topping 11 million in 2024, the report notes. In the U.S., 1.6 million electric cars were sold in the same period.

Even with policy changes, Bloomberg New Energy Finance expects EV sales in the U.S. to rise to 4.1 million in 2030 to comprise 27% of passenger car sales. That forecast is revised from 48% predicted in the 2024 BloombergNEF report.

Lorenz said battery technology has taken off, with most manufacturers going to a solid-state battery and moving away from lithium-ion technology. Solid-state batteries replace a liquid or polymer electrolyte with a solid one made of ceramic, glass or sulfides.

Lorenz also noted that the cost of batteries is coming down as batteries move away from cobalt, and EV costs will soon be equal to or less than the cost of a gasoline or diesel engine.

“The No. 1 reason that electric vehicles are going to take over the market is because they’re cheaper,” Lorenz said.

Lorenz said there are thousands of parts in a gasoline vehicle, including engine components, transmission, differential, axles, hubs and more. By contrast, he said, an EV has about 18 parts.

“Let’s reverse what’s happened,” he said. “Those EVs, if those had taken off – if up until now they had put all their technology into EVs and all of a sudden someone came up with a combustible engine and said, ‘Hey, we’re going to switch, and we’ll use highly explosive fuel and you have to go to a gas station and pay for it,’ you’d be like, ‘I’m not going to buy that thing.”

Lorenz said every year Dynamic EVC has been in business, it has turned a profit, though there was a dip in 2024.

“We did lose work,” he said. “At the end of the third quarter, we were down around a million. We had a very good fourth quarter and ended up down just a little bit.”

Lorenz declined to share precise numbers.

According to past Springfield Business Journal reporting, the company finished 2023 with revenue of $6.2 million – nearly quadrupling its 2022 revenue.

Lorenz noted Dynamic EVC is licensed in seven states to install EV charging stations: Missouri, Arkansas, Colorado, Illinois, Kansas, Oklahoma and Texas. He said the company has done charger installations for a lot of car dealerships and major corporations, and it has sold charging stations nationwide.

Most of that work was for private industry, he said, in addition to some work for municipalities. The federal policy changes are still kind of a gut punch, he acknowledged.

“We try to diversify,” Lorenz said.

Diversifying offerings
The company is currently developing fiber optic in-line amplifiers – devices spaced at regular intervals, typically about every 50 miles along major fiber routes, to boost fiber signals for high-capacity networks, Lorenz said. With the rise in artificial intelligence, he said, the technology is in demand.

According to a May report by ResearchAndMarkets.com, the optical fiber amplifier market is projected to increase at a compound annual growth rate of over 14% between 2025 and 2030.

Micah Battaglia, Dynamic EVC general manager and partner, reports business hasn’t waned with the changes that are happening.

“They still need to get their vehicles out to customers, and they still need a reliable way to charge their cars,” he said. “Our installations haven’t slowed down.”

While trigger words like “pullbacks,” “cutbacks” or “slowdowns” are worrisome, Battaglia said he looks for the reaction that follows them.

“All those companies are still pushing forward, and that’s very encouraging, not just for us as a business, but for the country,” he said.

The initial push toward EV started the ball rolling, Battaglia said. That momentum will be hard to stop.

“I’m not too worried about it,” he said.

He said the company is gaining speed, and he does not foresee a slowdown this year at all.

“Our growth may not be as significant as year one to year two or year two to year three, but we’ll still be growing overall,” he said.

Once people try electric vehicles, they typically opt to continue with the technology, according to Battaglia.

“Once they hop into an electric vehicle and some of their worries get taken care of, it’s a no-brainer for a lot of people,” he said. “Never having to go to that gas station and having a full charge in the morning when you wake up is pretty cool. That’s absolutely not going to change.”