A brand-new electric vehicle (EV) charging network is being introduced in North America by a collection of seven major automakers. They assert that it will compete with Tesla’s own network and roughly increase the number of fast-charging connections in the US and Canada.
The joint venture was announced on Wednesday by BMW, General Motors, Honda, Hyundai, Kia, Mercedes-Benz, and Stellantis N.V. In cities and along roadways, it is estimated that there will be at least 30,000 high-powered charging plugs.
According to the automakers, the “unprecedented” initiative seeks to build the greatest network of dependable, high-powered” charging stations in North America, more than doubling the number of available charging connections. The stations should debut in the summer of 2024.
There are currently about 36,000 charging ports distributed among 9,000 direct-current fast-charging stations in the US and Canada, according to the US Department of Energy.
With 2,050 stations and more than 22,000 plugs, the federal authorities claim that Tesla’s network presently has the most fast charging stations in North America.
According to a statement from the major manufacturers, the new charging stations will be accessible to all battery-powered electric vehicles.
Drivers will have access to both the Combined Charging System (CCS) plugs used by other manufacturers and the North American Charging Standard (NACS) plugs used by Tesla.
The announcement coincides with the Biden administration’s campaign for zero-emission vehicles, which includes encouraging automakers to switch to electric vehicles and reduce greenhouse gas emissions. The collective of automakers wants to hasten the deployment of EVs.
Ola Källenius, CEO of Mercedes-Benz, said, “We’re in support of everything that makes life easier for our consumers, including expediting the migration to electric vehicles.” Charging is a necessary component of the electric vehicle experience, and this network will be another step toward ensuring its convenience.”
According to Stephanie Brinley, an analyst with S&P Global Mobility, the project will help close gaps in the U.S. charging network that restrict some drivers from purchasing electric vehicles and using them for long-distance travel.
The business, according to Brinley, is not a threat to Tesla; rather, it is a requirement since “Tesla can’t build enough for everyone.”
Automakers refused to provide exact investment figures but did say that public and private cash would be used in the project.
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