Ionity, formed by Volkswagen and BMW, wants to boost the European charging network

 

Initially created by Volkswagen and BMW and others, the Ionity Charging Network seeks to expand the range in order to address the increase in electric car purchases in Europe. At present, there are 400 loading stations on the European highways in the Ionity network.

The Ionity Gmbho will receive a new round of funding that will allow it to develop its development to escape lengthy queues during large-scale departures and cover areas currently overlooked.

The idea is to enable Ionity to even cover less crowded urban and highways in which there is currently no charging network.

With the deployment of electric vehicle offerings made by many car makers, Ionity Gmbh has seen its shareholders grow. Throughout BMW, Volkswagen, Daimler AG, Ford Motor and Hyundai Motor Group the shareholding is mostly dispersed. In order to allow network growth, each has already invested 200 million euro in the joint venture.

This new funding round will thus enable the existing quick charge network on the European roads to expand rapidly and will encourage electric vehicles to deal with craze by absorbing some of their customers' needs.

Taking into account current and future needs

All wishes to see the problem of charging stations progress rapidly with fines on pollutants from cars that endanger automakers in Europe. Some producers, such as Audi, a subsidiary of the Volkswagen Group, are also considering establishing their own town charging networks. For suppliers, the construction of public charging systems is a priority.

With almost 225,000 charging points in the European Union by 2020, producers want this figure to reach 1 million by 2024. BMW CEO Oliver Zipse invited policymakers and communities and reinstall new charging points to promote electric vehicle purchases in order to attain the environment goals.