TSLA Stock: In the race for electric cars, companies have to ensure that they provide charging facilities to the customers so that they have access to superfast charging. Tesla Inc (NASDAQ:TSLA) has been doing this through its Superchargers which is free of cost. And now Volkswagen looks to be following Tesla by building its massive 320 kW charging stations in the future.
According to a report by Electrek, the company would install 2000-3000 chargers at more than 400 charging stations to ensure fast and smooth charging. This means that it will at least install five chargers at one charging station which is still less than what Tesla is currently offering.
The infrastructure method that the company has chosen to install charging stations includes selecting sites of the 400 charging stations at the end of the current year. By the end of the year, around 250 stations will be under construction while 100 charging stations would be operational and will provide charging for electric cars.
Electrify America, in a statement to Electrek said, “Electrify America will build a long distance high-speed highway network consisting of approximately 50+ charging stations along high‐traffic corridors between metropolitan areas. These stations will focus on 150 kW and 320 kW DC fast chargers; each station will have five plugs on average. These chargers will represent state‐of‐the‐art technology with the fastest charging speeds available.”
However, the charging stations won’t be the property of Volkswagen as they will operate under a new subsidiary of the company called Electrify America. Volkswagen plans to spend more than $2 billion in the electric car infrastructure in the United States which is part of the settlement related to the Diesel Gate Scandal.
The article first appeared in smartstocknews.com