fbpx
Connect with us
Electrify-America-Volkswagen-1400

Business

Volkswagen increases investment in Electrify America

Advertisement

Volkswagen Group is increasing its capital investment in Electrify America beyond its original commitment of $2 billion through 2026. In making this commitment, Volkswagen noted Electrify America’s significant momentum, accelerated growth, and long-term value of its ultra-fast charging network.

Click Here to Read More
Advertisement

The investments will support Electrify America’s accelerated growth plans through technological advancements in charging and energy solutions across public, home and commercial offerings. Specifically, in making the announcement, Electrify America said the investment highlights the long-term growth and viability of Electrify America’s plans to expand to 1,800 charging stations and more than 10,000 ultra-fast chargers in the U.S. and Canada by 2026.

“With our recent investment, we confirm our commitment to keep growing in the charging and energy business,” says Thomas Schmall, Volkswagen Group board of management member for technology and CEO of Volkswagen Group Components. “We are supporting eMobility in North America to more than double Electrify America’s charging infrastructure to 1,800 sites and 10,000 ultra-fast chargers by 2026.”

Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

POPULAR POSTS

Amped-Featured-Image-EP25 Amped-Featured-Image-EP25

Amped EV Podcast

Are EVs right for you? There’s a tool for that – with Geotab

Connect
The Buzz - Electric Vehicle News