GM, Honda, Hyundai, other major automakers announce plan to build electric vehicle charging network

foxbusiness.com:

FreedomWorks senior economist Steve Moore discusses President Biden’s costly electric vehicle push on «The Bottom Line.»

Seven major automakers revealed plans Wednesday to create an «unprecedented new charging network joint venture» across North America in a bid to make driving electric vehicles «even more attractive for millions of customers.»

The project coordinated by BMW Group, General Motors, Honda, Hyundai, Kia, Mercedes-Benz Group and Stellantis NV aims to have at least 30,000 chargers installed in the U.S. and Canada.

People familiar with the plan tell the Wall Street Journal that the automakers intend on collectively investing $1 billion into a joint-venture company that will build out the network.

«North America is one of the world’s most important car markets – with the potential to be a leader in electromobility. Accessibility to high-speed charging is one of the key enablers to accelerate this transition,» BMW Group CEO Oliver Zipse said in a statement. «Therefore, seven automakers are forming this joint venture with the goal of creating a positive charging experience for EV consumers.»

FORD ‘REVIEWING’ LETTER FROM US AUTOMAKERS WORRIED ABOUT CHINESE BATTERY MAKER PARTNER’S TIES TO ‘FORCED LABOR’

An electric vehicle is plugged into a charger in Los Angeles in August 2022. (AP Photo / Jae C. Hong / AP Newsroom)

In a joint press release, the companies said the stations «will be in convenient locations offering canopies wherever possible and amenities such as restrooms, food service and retail operations either nearby or within the same complex.

»A select number of flagship stations will be equipped with additional amenities, delivering a premier experience designed to showcase the future of charging," it