Seven of the world’s largest automakers are forming a new company to build a vast network of electric vehicle (EV) chargers across America, they announced Wednesday.
Why it matters: Their goal is to help potential EV buyers get over their “range anxiety” by tapping billions of dollars in federal subsidies to accelerate the rollout of fast-charging infrastructure.
- The unusual effort by industry giants is also seen as a bid to quell Tesla’s growing influence over the EV ecosystem after it said it would open its own Supercharger network to other brands.
Driving the news: The group includes General Motors, Stellantis, Hyundai, Kia, Honda, BMW and Mercedes-Benz.
- The joint venture aims to become “the leading network of reliable high-powered charging stations in North America,” according to a statement from the companies.
- It will compete not only with Tesla, but also with other charging networks like Electrify America, EVgo and ChargePoint — many of which have separate partnerships with the carmakers backing their new competitor.
Details: The participants plan to collectively invest at least $1 billion in the new company, the Wall Street Journal reported, although […]
It seems like this only the old and poor people who cannot afford a new electric car, like me.
P.S.: I meant to say only hurts the old and poor paople.
Are we harming the ocean by mining for lithium to supply the EVs? Why not move forward with solar cars..much more environmentally stable.