Zürcher Nachrichten - Automakers form N.America EV charging network alliance

EUR -
AED 4.251738
AFN 76.399958
ALL 92.682913
AMD 422.806762
ANG 2.071819
AOA 1062.659474
ARS 1730.577994
AUD 1.633776
AWG 2.083646
AZN 1.971482
BAM 1.956132
BBD 2.331895
BDT 141.253951
BGN 1.963682
BHD 0.436437
BIF 3458.274076
BMD 1.157581
BND 1.479506
BOB 13.400867
BRL 6.03791
BSD 1.157796
BTN 110.722426
BWP 15.628177
BYN 3.521491
BYR 22688.593099
BZD 2.328555
CAD 1.609548
CDF 2627.709432
CHF 0.940315
CLF 0.027149
CLP 1068.50512
CNY 7.805919
CNH 7.810207
COP 3605.865689
CRC 520.079199
CUC 1.157581
CUP 30.675904
CVE 110.2837
CZK 24.197156
DJF 205.725657
DKK 7.475624
DOP 67.996505
DZD 153.744146
EGP 58.497555
ERN 17.363719
ETB 187.292322
FJD 2.556576
FKP 0.853577
GBP 0.855308
GEL 3.030075
GGP 0.853577
GHS 12.831801
GIP 0.853577
GMD 85.083634
GNF 10170.724557
GTQ 8.831497
GYD 242.223748
HKD 9.079916
HNL 31.043264
HRK 7.534721
HTG 151.4411
HUF 365.883672
IDR 20694.080552
ILS 3.466379
IMP 0.853577
INR 110.873595
IQD 1516.757183
IRR 1591182.288346
ISK 142.185762
JEP 0.853577
JMD 182.94102
JOD 0.82068
JPY 184.745363
KES 149.837526
KGS 101.230253
KHR 4680.10122
KMF 491.972669
KPW 1041.823492
KRW 1635.581055
KWD 0.357415
KYD 0.964834
KZT 534.734502
LAK 26092.97353
LBP 103679.988753
LKR 384.305163
LRD 210.139278
LSL 18.782785
LTL 3.418037
LVL 0.70021
LYD 7.377251
MAD 10.757724
MDL 19.971783
MGA 4986.759401
MKD 61.530118
MMK 2430.690795
MNT 4163.669844
MOP 9.353503
MRU 46.434874
MUR 54.406287
MVR 17.884814
MWK 2007.579707
MXN 19.764618
MYR 4.699665
MZN 73.975202
NAD 18.782785
NGN 1562.827077
NIO 42.607225
NOK 10.904479
NPR 177.16104
NZD 1.970904
OMR 0.445097
PAB 1.157776
PEN 3.899461
PGK 5.202882
PHP 71.60214
PKR 321.320883
PLN 4.325105
PYG 6985.184414
QAR 4.232218
RON 5.244883
RSD 117.383394
RUB 98.279084
RWF 1705.937681
SAR 4.336978
SBD 9.297992
SCR 16.057313
SDG 696.306548
SEK 11.044269
SGD 1.479967
SHP 0.857613
SLE 28.447527
SLL 24273.899767
SOS 661.712201
SRD 43.949875
STD 23959.59536
STN 24.504155
SVC 10.130718
SYP 15050.871701
SZL 18.769183
THB 38.324624
TJS 10.69779
TMT 4.06311
TND 3.390775
TOP 2.787178
TRY 55.465621
TTD 7.851196
TWD 36.976154
TZS 3067.588087
UAH 51.864894
UGX 4318.732288
USD 1.157581
UYU 46.70792
UZS 13685.320496
VES 893.162918
VND 30302.005181
VUV 136.986539
WST 3.155927
XAF 656.048404
XAG 0.01815
XAU 0.000266
XCD 3.128422
XCG 2.086654
XDR 0.81847
XOF 656.068244
XPF 119.331742
YER 274.49144
ZAR 18.832273
ZMK 10419.619975
ZMW 21.621293
ZWL 372.7407
  • RBGPF

    -2.6900

    68.65

    -3.92%

  • CMSC

    -0.1200

    21.24

    -0.56%

  • AZN

    3.2100

    160.1

    +2%

  • GSK

    0.8700

    51.15

    +1.7%

  • BTI

    0.6500

    56.38

    +1.15%

  • RIO

    -0.5200

    96.69

    -0.54%

  • RELX

    0.9500

    34.51

    +2.75%

  • CMSD

    -0.0900

    21.09

    -0.43%

  • NGG

    0.8600

    82.15

    +1.05%

  • BCC

    -1.7600

    80.18

    -2.2%

  • BCE

    0.0100

    23.36

    +0.04%

  • RYCEF

    0.2200

    21.06

    +1.04%

  • JRI

    -0.0400

    12.44

    -0.32%

  • VOD

    -0.0700

    16.13

    -0.43%

  • BP

    0.5600

    43.41

    +1.29%

Automakers form N.America EV charging network alliance
Automakers form N.America EV charging network alliance / Photo: DENIS CHARLET - AFP

Automakers form N.America EV charging network alliance

Seven major global automakers said on Wednesday they were creating a joint venture for an extensive North American charging network in a bid to boost demand for electric vehicles.

Text size:

BMW, General Motors, Honda, Hyundai, Kia, Mercedes-Benz and Stellantis said in a statement their alliance would make "EV charging more convenient, accessible and reliable".

The network is set to install at least 30,000 high-powered chargers, the companies said, using federal and state subsidies along with private funds.

"The new charging stations will be accessible to all battery-powered electric vehicles from any automaker," they said.

The stations will offer connectors for both the so-called Tesla system, known as the North American Charging Standard (NACS), as well as the rival standard, known as the combined charging system (CCS).

The joint venture, due to be established this year, "aims to become the leading network of reliable high-powered charging stations in North America".

The first stations, powered solely by renewable energy, are scheduled to open in the United States next summer and in Canada "at a later stage".

They will be built in cities and along major highways, as well as on key commuter and vacation routes.

With US electric vehicle sales expected to exceed 50 percent of total US sales by 2030, "the expansion of reliable charging infrastructure will become even more critical to widespread electric vehicle adoption," the companies said.

Elon Musk's Tesla has already been forming charging partnerships with major car companies including Ford, General Motors and EV truck company Rivian.

Under the partnerships, Musk has agreed to let consumers with autos from rival brands utilise its popular national network.

The ascendance of Tesla's network has reflected the system's reputation for reliability, as well as the sluggish expansion of rival EV charging options amid supply chain problems and a slow rollout of a giant federal programme.

A January 2023 forecast by S&P Global concluded that the US charging system was "not nearly robust enough to support a maturing electric vehicle market," saying that the number of EV chargers in the country would need to quadruple between 2022 and 2025.

The US National Electric Vehicle Infrastructure (NEVI) programme, established in the 2021 infrastructure bill signed into law by President Joe Biden, provides $5 billion in funds for states to build EV charging networks.

O.Pereira--NZN