Share
December 22, 2021 3:15 PM, EST

Three Truck Makers Align to Bring EV Charging Network to Europe

Martin Daum (left), Christian Levin and Martin Lundstedt Truck maker CEOs (from left) Martin Daum of Daimler Truck, Christian Levin of Traton Group and Martin Lundstedt of Volvo. (Traton Group via Twitter)

[Stay on top of transportation news: Get TTNews in your inbox.]

Commercial vehicle manufacturers Daimler Truck, Traton Group and Volvo Group announced they signed a binding agreement to create a joint venture to install and operate a high-performance public charging network for battery-electric, heavy-duty longhaul trucks and coaches across Europe.

The companies announced their intent in July to accelerate the necessary build-up of charging infrastructure for the increasing number of customers of electric vehicles in Europe and contribute to climate-neutral transportation on the continent by 2050.

The planned JV — to be equally owned by the three parties — is scheduled to start operations in 2022 after completion of all regulatory approval processes, according to a release.

RoadSigns

In this special 2021 Roundabout episode, host Mike Freeze looks back at how trucking not only worked to recover from the effects of the pandemic, but also improve through the darkest of times. Hear a snippet above, and get the full program by going to RoadSigns.TTNews.com.

The parties are together committing to invest 500 million euros ($565.5 million), which is assumed to be by far the largest charging infrastructure investment in the European heavy-duty truck industry to date.

The plan is to install and operate at least 1,700 high-performance green energy charging points on and close to highways as well as at logistic and destination points within five years of the establishment of the JV.

The companies will remain competitors in all other areas. — Transport Topics

Want more news? Listen to today's daily briefing below or go here for more info: