A team of mainly German car producers will start ultra-fast charging stations for electric car this year and aims a network all over European of 400 by the end of 2020, hoping to narrow lead of Tesla. News about the proposal, first marked a year back, had been long expected as governments try for enhancements in infrastructure that might motivate drivers to shift to electric cars.

A joint venture of Daimler AG, BMW AG, Volkswagen with its Porsche and Audi brands, and Ford Motor Co., IONITY, aims to unlock 20 stations for the public in 2017 in Norway, Germany, and Austria. They will be 75 Miles (almost 120 Km) apart and operate in affiliation with Circle K, Tank & Rast, and OMV. “The first HPC network all over European plays a necessary role in setting up a market for electric cars,” Michael Hajesch, CEO of IONITY, claimed to the media last week. He further claimed that the fast-charging stations might also provide capability of digital-payment.

Car Charging

IONITY is still in discussion with charging station providers and a conclusion is anticipated shortly, a spokesperson claimed, refusing to claim how much the company might invest. Setting up thousands of HPC (High-Power Charging) stations all over the globe will need billions of dollars in spending and provide a chance to producers. The new fast chargers of car consortium will have a price of almost 200,000 Euros (almost $233,000) each, sources claimed earlier.

Companies tuning from small specialists such as ChargePoint to engineering companies such as Siemens are all expecting for a slice of the pie. IONITY will grow its network in 2018 to 100 stations, each one allowing various drivers of various car brands to charge their cars all at once. Anxiety over if battery-fueled cars have the tune to arrive at their destination is holding back some drivers from moving from diesel or petrol models.

But with Tesla, the U.S. all-electric challenger, stealing a lead, recognized brands are grouping up to make sure that electric cars can get swiftly back on the streets. Every charging point will have a capability of 350 kW, and will employ the Combined Charging System, a current European standard, to lower charging times in comparison to current systems.