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Leading CV makers to kick-start EV charging network in Europe

Three leading commercial vehicle manufacturers – Daimler Truck, the Traton Group and Volvo Group – have agreed to install and operate a high-performance public charging network for battery electric heavy-duty long-haul trucks and coaches across Europe.

The three firms say the joint venture will initiate and accelerate the build-up of charging infrastructure to enhance customer confidence and to support EU’s transformation to climate-neutral transportation.

Starting in 2022, the three parties intend to invest together €500 million to install and operate at least 1,700 high-performance green energy charging points close to highways as well as at logistic and destination points, within five years.

The number of charging points is with time intended to be increased significantly by seeking additional partners as well as public funding.

The future joint venture is planned to operate under its own corporate identity and be based in Amsterdam, Netherlands.

Martin Daum, CEO Daimler Truck says: “It is the joint aim of Europe’s truck manufacturers to achieve climate neutrality by 2050. However, it is vital that building up the right infrastructure goes hand in hand with putting CO2-neutral trucks on the road.

“Together with the Traton Group and Volvo Group, we are therefore very excited to take this pioneering step to establish a high-performance charging network across Europe.”