May 29, 2024

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Volkswagen and Italy’s Enel launch joint venture for high-speed charging

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The logo of German carmaker Volkswagen is seen on a rim cap in a showroom of a Volkswagen car dealer in Brussels

Volkswagen (VOWG_p.DE) and Italy’s Enel (ENEI.MI) have formed a joint venture to build 3,000 high-speed charging points across Italy for electric vehicles (EVs), investing 100 million euros ($105.38 million) each, Volkswagen said on Tuesday.

The charging points will be accessible to drivers of cars by all manufacturers at 500 locations by the end of 2023, and will have a capacity of up to 350 kW.

Volkswagen plans to set up 45,000 fast charging stations globally with partners by 2025 in an attempt to allay the anxiety around finding charging spots which holds back some drivers from switching to electric cars.

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