DETROIT (Reuters) – A leading electric vehicle charging network and a trade group that represents America’s travel plazas and truck stops said on Thursday they plan to leverage $1 billion through public and private funding sources over the next decade to encourage the broader adoption of EVs.
FILE PHOTO: A ChargePoint station on display at the Frankfurt Motor Show (IAA) in Frankfurt, Germany, September 12, 2017. REUTERS/Christoph Steitz/File Photo
Automakers Volkswagen AG(VOWG_p.DE), General Motors Co and Ford Motor Co have announced plans to spend billions of dollars over the next several years launching EVs in a bid to directly challenge electric carmaker Tesla Inc, which has its own network of charging stations. Investor enthusiasm for electric vehicles has sent shares in Tesla and big battery makers soaring in recent days.
ChargePoint, which operates but does not own its charging network, and the National Association of Truck Stop Operators (NATSO) told Reuters they formed the…
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