Electric vehicle sales: Automakers Unleash Rival EV Charging Network

Electric vehicle sales: Seven major manufacturers are building a North American EV charging network to compete with Tesla’s and boost fast-charging ports in the U.S. and Canada. General Motors, BMW, Honda, Hyundai, Kia, Mercedes, and Stellantis will invest billions to build “high power” charging stations with at least 30,000 plugs in metropolitan and important transport routes by 2030.

This new cooperation aims to expedite electric vehicle adoption and alleviate concerns about long-distance charging. The manufacturers want to build North America’s largest network of reliable, high-powered charging stations.

The network will include 1,500 to 3,000 stations with 10 to 20 charging connections each. The DOE reports 2,050 stations and 22,000 plugs in Tesla’s U.S. and Canadian network.

The seven automakers’ collaborative venture will be open to all electric vehicle owners, unlike Tesla’s proprietary charging network. The network will also include Tesla’s North American Charging Standard outlets and other automakers’ Combined Charging System plugs.

Analysts expect this robust charging infrastructure to boost North American EV sales. S&P Global Mobility analyst Stephanie Brinley said the network launch is reassuring EV purchasers regarding long-distance charging.

Electric vehicle sales

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The automakers will also prioritize renewable energy to power the chargers and provide convenient places with other facilities for EV users. This network will require time, money, and specialized electrical wiring.

This ambitious collaboration underlines their shared commitment to the EV revolution. Other manufacturers have teamed with Tesla to provide their EVs access to its huge charging network. Since automakers acknowledge the need for more inclusive charging infrastructure, this network does not threaten Tesla.

The automakers want to fund this big project using bipartisan infrastructure package money from the U.S. Stellantis CEO Carlos Tavares underlined the necessity for a large-scale charging network to match predicted electric vehicle sales and sustain consumer mobility.

North American EV sales are booming. EVs represented 7.2% of new car sales in the first half of the year and expected to reach over 1 million sales this year, 14.4% in 2025, and close to 40% by 2030.

By 2032, greenhouse gas emissions may need 67% of new automobile sales to be electric.

Finally, this automakers’ collaboration advances electric mobility, provides seamless charging solutions for the burgeoning EV industry, and promotes sustainable transportation options for the future.

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