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The company plans to invest $ 393 million in the truck charging network. – News


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The three major transportation companies will cooperate in the development of a European charging network for “battery-powered electric heavy-duty trucks and coaches.”

In a joint announcement earlier this week, Volvo, Daimler Trucks and Trayton Group said they had signed a non-binding agreement relating to the installation and operation of the network. The goal is to establish a joint venture in which all three companies own equal parts, and the business is expected to start in 2022.

Together, the two companies will invest € 500 million in a joint venture based in Amsterdam, the Netherlands.

Within five years of the JV being installed, at least 1,700 “green energy charging points” are expected to be installed and functioning. According to the two companies, the technology will be deployed “not only near highways, but also at logistic points and destinations.”

“The number of charging points is intended to be significantly increased by looking for additional partners and public funds,” they added.

Change the card, but try first

In April, the International Energy Agency announced the number of electric vehicles, buses, vans and heavy trucks on the road worldwide. It was expected to reach 145 million by 2030.

According to a Paris-based organization, if the government stepped up its efforts to reach its international energy and climate goals, the number of electric vehicles in the world would increase further by the end of the decade. It has the potential to reach 230 million units. Both of these forecasts exclude two-wheeled and three-wheeled electric vehicles.

As the number of EVs on the road grows, large charging networks need to be deployed in all types of vehicles to meet growing demand and dispel protracted concerns about “range insecurity.” The idea is that EVs can’t make long journeys. Without losing power or getting stuck.

The electrification of long-distance heavy trucks and coaches presents a unique set of unique challenges. As the IEA’s 2021 Global EV Outlook points out, “long-haul trucks require advanced technology for high-power charging and large batteries.”

Talking to CNBC’s “Squawk Box Europe” on Wednesday, Volvo’s Chief Technology Officer Lars Stenqvist tried to explain why he needed a heavy-duty car charging network.

“Currently, we manufacture and sell electric heavy-duty trucks primarily for waste and urban applications,” he said. “And those vehicles usually return to the’base camp’every night for charging. ”

Stenqvist said the next step in the journey would be regional and long-distance applications.

“Then you depend on … [getting] A pan-European charging network is in place and for now [a] We talk about chicken or the egg because there are no vehicles and … no infrastructure. But without infrastructure, there are no vehicles. “

In terms of how the project works in the field, Stenqvist explained, “Because it is a public and open network, any manufacturer can charge vehicles with this network.”

Later in the discussion, Stenqvist emphasized the importance of distinguishing vehicles. “We’re talking about a very high capacity charger here. That’s one of the reasons why we don’t use the car’s charging network and can’t use it. Not from a performance standpoint, but of course from a layout standpoint. . “

The company plans to invest $ 393 million in the truck charging network.

Source link The company plans to invest $ 393 million in the truck charging network.

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