Volkswagen’s EV unit plans to double charging infrastructure by end of 2025

The corporate mentioned it expects to have over 1,800 quick charging stations and 10,000 particular person chargers put in by the tip of 2025.

Charging infrastructure has attracted a number of sectors, together with utilities, carmakers and large oil corporations, all hoping to money in on a rising demand for electrical energy within the wake of a world EV rollout.

Tuesday’s announcement additionally comes after Reuters reported final week that Volkswagen was trying to promote a stake in Electrify America to achieve entry to exterior funds for constructing infrastructure for battery-powered vehicles.

Electrify America, which counts ChargePoint and Tesla’s Supercharger amongst its competitors, has 635 charging stations with round 2,850 fast-loading spots up and operating, in response to its web site.