Automakers BMW, Daimler, Ford, and Volkswagen will share equity in a new venture, building a network of charging stations for electric cars. Ionity, the joint venture, plans to install 400 units across Europe by 2020. Why? Most drivers charge their electric vehicles at home, using a 7-kilowatt-hour plug suitable for overnight charging. Ionity’s network, located along highways, will be faster: 350 kilowatts per hour. When cars catch up (presently, 50 kilowatts per hour is max capability), Ionity’s network will power up autos in ten minutes, while drivers stop for coffee. Another benefit? One plug fits all vehicles. When the U. S. Federal Highway was built, gas stations and related services expanded the economic value of the route. Similarly, Ionity will install their equipment in existing gasoline stations. Headquartered in Munich, and building the first stations in Austria, Germany, and Norway, Ionity opens for business in 2018. Electric cars are still a small segment of the vehicle sector: improving energy infrastructure will expand market share, charging the future.
McHugh, David and Geir Moulson. “Carmakers join forces in Europe to make electrics widespread.” Associated Press/Chicago Tribune, 5 November 2017. http://www.chicagotribune.com/business/sns-bc-eu–germany-electric-cars-20171103-story.html.
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