Join forces to set up a Europe-wide charging network for electric commercial vehicles

Three of the world’s leading commercial vehicle manufacturers, Daimler Truck, Traton Group and Volvo Group, have signed an important agreement on the high-capacity charging network. As part of the above agreement, a joint venture will be established to set up and operate a Europe-wide high-capacity public charging network exclusively for battery-electric heavy-duty long-distance trucks/tractors and buses. Subject to regulatory approvals, the joint venture is committed to initiating and accelerating the development of the necessary charging infrastructure for the growing number of electric vehicle customers in Europe and to contributing to a CO2050-neutral transport in Europe by 2.

The joint venture, in which Daimler Truck, Traton Group and Volvo Group will hold equal shares, is scheduled to become operational in 2022 after all official approval processes have been completed. The joint venture, to operate under its own corporate identity and to be headquartered in Amsterdam, The Netherlands, will benefit from the extensive experience and knowledge of its founding partners in the heavy-duty truck industry.

500 million euros will be invested

As part of the cooperation between the three companies, an investment of 500 million euros will be made, which is by far the largest investment in charging infrastructure in the European heavy truck industry. After the foundation of the joint venture, at least 1,700 high-performance green electricity charging stations are to be set up and operated within five years, both on and near motorways and at logistics and destination points. In addition, the number of charging stations is to be significantly increased through additional public funding and new business partnerships.

With the aim of providing the necessary infrastructure and using green energy at charging stations, the joint venture will act as an accelerator and facilitator for the implementation of the European Union’s Green Deal for CO2-neutral freight transport by 2050. The collaboration between Daimler Truck, Traton Group and The Volvo Group addresses the urgent need for a high-performance charging network to support truck/trailer operators in the transition to CO2-neutral transport solutions, especially in long-haul heavy-duty transport. A powerful charging infrastructure that enables CO2-neutral long-distance truck transport is considered one of the cost-effective ways to reduce emissions from the transport sector quickly and effectively. The joint venture stands out as an important starting point and development point for the success of CO2-neutral heavy trucks/tractors and buses.

The joint venture’s charging network will be open and accessible for all commercial vehicles in Europe

Daimler Truck, Traton Group and Volvo Group see their joint venture as a breakthrough for the transport industry to reduce CO2 emissions and benefit other industries in various ways. According to a recent industry report*; Up to 15,000 high-performance charging stations are to be installed on public and target routes by 2025 at the latest, and up to 50,000 high-performance charging stations are to be installed by 2030 at the latest. Hence the joint venture; It also serves as a call to action for all other industry stakeholders, governments and policymakers to work together to rapidly expand the necessary charging network to help achieve climate goals. Tripartite charging network as a clear call to everyone involved; It will be open and accessible to all commercial vehicles in Europe, regardless of brand.

Various applications are considered by focusing on customers’ needs.

As part of the joint venture between Daimler Truck, Traton Group and Volvo Group, different applications are being considered that are geared towards customer needs. Fleet operators of battery-powered electric vehicles can take advantage of this service and focus on both fast charging, adapted to the mandatory 45-minute rest period in Europe, and long-distance transport, which will be the joint venture’s top priority in the future.

Daimler Truck, Traton Group and Volvo Group, which will have equal shares in the joint venture, which is subject to approval, will continue to be competitors in all other areas.