Ionna reflects automakers’ intent to step into EV charging space to win consumers

AutotechInsight Analysis Monthly

The US is estimated to need about 182,000 DC fast chargers to support up to 42 million plug-in EVs expected on the road by 2030. It is expected that OEM-backed charging networks are going to provide the initial momentum in the buildout of the DC fast-charging stations across North America.

In July 2023, seven global carmakers — BMW, General Motors, Honda, Hyundai, Kia, Mercedes-Benz and Stellantis — came together to set up a joint venture focused on providing a reliable, high-speed electric vehicle charging network across North America. The JV has a goal of providing a reliable DC charging network that can offer a seamless charging experience, aimed at exceeding customer expectations in a market that is marred by a lack of adequate EV charging networks, range anxiety, dysfunctional and incompatible charging points, and intractable equipment, among many challenges.

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