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BY: News Peddlers
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| 2023 Mercedes-Benz G-Class Dashboard |
Mercedes-Benz (MBGn.DE) said on Thursday that it plans to invest billions of euros to build 10,000 fast-charging stations in North America, Europe, and China by 2030.
The carmaker will begin construction in North America this year, with the goal of having 2,500 charging points in 400 locations across most U.S. states and Canada by 2027, according to a statement made at the CES car show in Las Vegas, which runs from January 5-8.
It will split the required investment for North America by 2030 with Goldman Sachs spinoff MN8 Energy, a renewable energy producer and battery storage operator, and is partnering with charging network company ChargePoint for technological know-how.
MN8 CEO Jon Yoder stated that the company expects to turn a profit within five to seven years, possibly sooner if subsidies are received or utilisation rates are higher than expected.
Discussions with potential network partners in Europe and China are ongoing.
According to National Renewable Energy Laboratory data from July 2022, the United States has around 140,000 public EV chargers.
According to surveys, consumers all over the world are discouraged from purchasing EVs due to a lack of charging infrastructure.
In Europe, where Mercedes-Benz is already a partner in the Ionity charging joint venture with Volkswagen (VOWG p.DE), BMW (BMWG.DE), Ford (F.N), and Hyundai, infrastructure is further along, with around 375,000 charging points expected to be available by the end of 2021, according to a McKinsey study.
Nonetheless, the region will require at least 3.4 million charging points by 2030 to meet expected increases in demand, according to the study.
Separately, Mercedes-Benz has applied for Level 3 automated driving certification in California and Nevada, allowing its electric vehicles to take over driving at up to 60 kilometres per hour on suitable highway sections or in dense traffic, the company also announced at the CES car show.
($1 = 0.9429 euros)
(REUTERS)