The idea of a universal charging network for electric vehicles (EVs) has been around for many years. However, it has been difficult to get all of the major car makers to agree on a single standard.
In recent years, there has been a growing consensus that a universal charging network is essential for the mass adoption of EVs. This is because range anxiety is one of the biggest barriers to EV adoption and drivers are reluctant to buy an EV if they are concerned about not being able to find a charger when they need one.
Seven major car makers announced that they had agreed to work together to build a universal EV charging network. The companies involved are BMW, GM, Honda, Hyundai, Kia, Mercedes-Benz, and Stellantis (previously Fiat Chrysler).
The subsidiary that has not been named yet will be applying for federal and state incentives for fast chargers to help offset the cost of building the network. The companies said each charging station will have high powered fast chargers that can power electric vehicles quickly. They also said they plan to use only renewable energy to power the charging network, which is in line with their sustainability goals.
Will it be successful in alleviating range anxiety and encouraging more people to buy EVs? Stay tuned!