Seven of the world’s leading automakers – BMW Group, General Motors, Honda, Hyundai, Kia, Mercedes-Benz Group, and Stellantis NV – are creating a joint venture to accelerate the transition to electric vehicles in North America, by making EV charging more convenient, accessible and reliable.
The joint venture will include the development of a new, high-powered charging network with at least 30,000 chargers to make zero-emission driving even more attractive for millions of customers, and to elevate the entire EV experience and drive EV adoption.
With the generational investments in public charging being implemented on the Federal and State level, the joint venture will leverage public and private funds to accelerate the installation of high-powered charging for customers.
The new charging stations will be accessible to all battery-powered electric vehicles from any automaker using Combined Charging System (CCS) or North American Charging Standard (NACS) and are expected to meet or exceed the spirit and requirements of the US National Electric Vehicle Infrastructure (NEVI) program.
The joint venture which aims to become the leading network of reliable high-powered charging stations in North America, is expected to be established this year, subject to customary closing conditions and regulatory approvals.
The first stations are expected to open in the United States in the summer of 2024 and in Canada at a later stage. Each site will be equipped with multiple high-powered DC chargers, making long-distance journeys easier for customers. In line with the sustainability strategies of all seven automakers, the joint venture intends to power the charging network solely by renewable energy.
BMW Group CEO Oliver Zipse commented: “North America is one of the world’s most important car markets – with the potential to be a leader in electromobility. Accessibility to high-speed charging is one of the key enablers to accelerate this transition. Therefore, seven automakers are forming this joint venture with the goal of creating a positive charging experience for EV consumers. The BMW Group is proud to be among the founders.”
GM CEO Mary Barra said: “GM’s commitment to an all-electric future is focused not only on delivering EVs our customers love but investing in charging and working across the industry to make it more accessible. The better experience people have, the faster EV adoption will grow.”
Honda CEO Toshihiro Mibe noted: “The creation of EV charging services is an opportunity for automakers to produce excellent user experiences by providing complete, convenient and sustainable solutions for our customers. Toward that objective, this joint venture will be a critical step in accelerating EV adoption across the US and Canada and supporting our efforts to achieve carbon neutrality.”
"The fight against climate change is the greatest challenge of our time. What we need now is speed – across political, social and corporate boundaries," according to Mercedes-Benz Group CEO Ola Källenius. "To accelerate the shift to electric vehicles, we’re in favour of anything that makes life easier for our customers. Charging is an inseparable part of the EV-experience, and this network will be another step to make it as convenient as possible.”
Stellantis CEO Carlos Tavares concluded: “We intend to exceed customer expectations by creating more opportunities for a seamless charging experience given the significant growth expected in the market. We believe that a charging network at scale is vital to protecting freedom of mobility for all, especially as we work to achieve our ambitious carbon neutrality plan. A strong charging network should be available for all - under the same conditions - and be built together with a win-win spirit. I want to thank each colleague involved, as it is a milestone example of our collective intelligence to listen and serve our customers.”