The group is targeting the addition of around 30,000 fast chargers in urban and highway areas over several years. The joint investment is modeled after a similar charging company in Europe, Ionity, that was formed in 2017, funded by many of the same automakers. A lack of charging stations is cited by U.S. consumers as a top concern keeping them from switching to an electric vehicle, surveys have shown. Traditional automakers for years were reluctant to invest directly in charging stations. Mercedes plans to install 10,000 high-powered fast chargers globally over several years, including about 3,000 in North America, the company said early this year.

Source: Wall Street Journal July 26, 2023 22:43 UTC