The “chicken and egg” conundrum continues to haunt the electric car revolution — to move things forward do you need to build more electric cars or more electric car chargers? The answer, obviously, is “Both.” but so far, automakers have been reluctant to spend money on charging infrastructure for electric cars, hoping against hope that someone else would do the heavy lifting. Yet in order to meet tougher emissions regulations, they need to sell more electric cars. Faced with that reality, Daimler, Volkswagen, Ford, and BMW have formed a formed a partnership that will build a network of 400 fast charger locations along major travel routes in Europe. The network will be known by the name Ionity.
“The first pan-European HPC network plays an essential role in establishing a market for electric vehicles,” CEO Michael Hajesch said in the news release. “Ionity will deliver our common goal of providing customers with fast charging and digital payment capability to facilitate long-distance travel.”