Key takeaways:
- Seven of the world’s largest automakers have announced a joint venture to build a nationwide network of 30,000 electric vehicle charging stations.
- The new network is expected to nearly double the number of fast-charging plugs in the U.S. and Canada, and will be located in urban areas and along travel corridors.
- The joint venture is a major step towards making electric vehicles more accessible and convenient for drivers, and is a sign that the world’s largest automakers are committed to reducing emissions and promoting sustainable transportation.
Seven of the world’s largest automakers have announced a joint venture to build a nationwide network of 30,000 electric vehicle charging stations. The network, which is expected to be operational by next summer, will be open to all electric vehicle owners and will have connectors for both Tesla’s North American Charging Standard plugs and the Combined Charging System plugs.
The seven automakers involved in the venture are General Motors, BMW, Honda, Hyundai, Kia, Mercedes and Stellantis. They have not disclosed the exact number of charging stations or financial details of the joint venture.
The new network is expected to nearly double the number of fast-charging plugs in the U.S. and Canada, and will be located in urban areas and along travel corridors. The automakers hope that the charging stations will make zero-emission driving more attractive for millions of customers.
The move comes as electric vehicle demand is growing across the world. According to the International Energy Agency, electric vehicle sales are expected to reach 10 million by 2025, up from 2 million in 2019.
The joint venture is a major step towards making electric vehicles more accessible and convenient for drivers. It is also a sign that the world’s largest automakers are committed to reducing emissions and promoting sustainable transportation.
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