Industrial companies explore “billion-euro market” for e-car charging stations

An announcement by Germany’s largest carmakers that they will substantially increase the share of electric vehicles in their product portfolios has turned the tide in the market for e-car charging stations, Axel Höpner writes for Handelsblatt. Large industrial players like Siemens or Swiss electrical equipment company ABB are now interested in what ABB manager Frank Mühlon says will be “a billion-euro market”. Germany still lacks a comprehensive network of fast charging stations able to cope with the looming e-car boom, Höpner writes. According to the German Association of Energy and Water Industries (BDEW), at least 70,000 charging points would be needed to service one million e-cars, compared to the country's current 10,700, the author writes. 

Read the article in German here (behind paywall).  

See the CLEW dossier The Energiewende and German carmakers for background on the development of e-cars in the combustion engine’s birth country.