Report: Climate Change vs. Carmakers
Report: Automotive headwinds align into a perfect storm
Hyundai and its sister company Kia are joining Ionity, a growing automaker initiative to build and operate a network of 400 electric-vehicle charging stations across Europe by 2020.
Hyundai and its sister company Kia are joining Ionity, a growing automaker initiative to build and operate a network of 400 electric-vehicle charging stations across Europe by 2020. Ionity was founded by BMW, Daimler, Ford Motor and the Volkswagen Group in 2017 to speed up the development of Europe’s lagging charging infrastructure. The company now operates nearly 140 charging stations in Europe. The absence of a sufficient number of charging stations is seen as one of the major barriers to the wider adoption of electric vehicles. McKinsey, in a recent report, estimates that roughly 400,000 charge points are needed to accommodate the 2 million EVs automakers want to sell in Europe in coming years.
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Hyundai Motor, citing heightened interest in fuel-cell powered vehicles, is investing in three companies that specialize in hydrogen technology.
European automakers feel that they are doing their share when it comes to introducing less polluting forms of personal mobility. Now, they say, it’s up to other mobility stakeholders to do their bit.
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