Big car manufacturers want to build faster charging stations in Europe

Big car manufacturers want to build faster charging stations in Europe

Big car manufacturers want to build faster charging stations in Europe

Electrician

Automakers BMW, Hyundai, Daimler, Ford and Volkswagen want to significantly expand their European network of fast chargers for electric vehicles. After all, many of the electric cars they expect to sell in the coming years will also have to be shipped somewhere.

Concerns previously set up an Ionity partnership for this. In recent years, car manufacturers have already built around 400 cargo terminals along European highways, from Portugal to Finland.

But they fear that this is not enough. Long lines are likely to appear at existing charging points and this may deter motorists who want to purchase an electric vehicle.

Growth plan

Ionity is now talking about a growth plan for the future. The shareholders invested about 200 million euros in the company. According to Michael Haggisch, CEO of Ionity, additional investment opportunities are being considered.

More parties are active in the fast charging station market in Europe. For example, car manufacturer Tesla has its own Supercharger network. Dutch Fastned is also a major player. The company already has more than 130 express charging stations in the Netherlands, Germany, the United Kingdom, Belgium and Switzerland. The company also recently won a tender to operate express charging stations along French highways.

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