Seven car companies announce fast chargers for e-vehicles

New York, 7/26/2023

Seven major automakers, including BMW, GM, Honda and Hyundai, announced a $1 billion joint venture to build at least 30,000 high-speed electric vehicle chargers across North America by 2030. The plan would double the current number of fast chargers in the US, which is around 32,000.

The aim is to allay concerns about the lack of charging infrastructure, which deters potential EV buyers. The first DC fast chargers are expected to hit the US market in the summer of 2024.

They will be strategically located along highways, as well as in urban areas and popular travel destinations. The chargers support the connectors of most car manufacturers as well as the Tesla standard, which other companies like Ford plan to adopt by 2025.

To fund the expansion of the network, the partnership aims to secure funding from the National Electric Vehicle Infrastructure Program and other public and private sources.

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