Electrify America, a leading provider of electric vehicle (EV) charging infrastructure in the United States, has received significant support from Volkswagen Group and Siemens to fuel its ambitious growth plans. This collaboration aims to revolutionize the charging landscape and accelerate the adoption of EVs across North America. With a combined investment of $450 million, Volkswagen and Siemens are propelling Electrify America towards its goal of establishing a comprehensive charging network comprising 1,800 locations and 10,000 fast chargers by 20261.
Electrify America’s Growth Strategy
Volkswagen Group and Siemens have valued Electrify America at $2.45 billion, demonstrating their confidence in its potential. This valuation underlines the commitment of industry leaders towards sustainable mobility solutions.
Electrify America plans to invest $2 billion over the next decade in building an extensive charging network across the United States and Canada. By 2026, they aim to deploy 10,000 chargers, providing convenient and reliable charging options for EV owners.
The partnership between Electrify America, Volkswagen Group, and Siemens represents a shared vision for decarbonization and sustainable transportation. Together, they will leverage their expertise to drive technological advancements in charging and energy solutions.
Benefits of the Electrify America Partnership
The collaboration will focus on technological innovations to enhance charging infrastructure, making it faster, more efficient, and accessible to a wider range of EVs. This commitment to progress will shape the future of e-mobility and enable a seamless charging experience for EV users.
Volkswagen Group’s NEW AUTO strategy prioritizes the establishment of an open, fast-charging network worldwide. Electrify America’s expansion plans align with this vision, facilitating cross-country travel and eliminating range anxiety for EV drivers.
Siemens’ investment in Electrify America signifies its dedication to decarbonization and sustainable mobility By actively supporting the growth of EV charging infrastructure, Siemens contributes to reducing greenhouse gas emissions and promoting a cleaner environment.
The strategic partnership between Electrify America, Volkswagen Group, and Siemens marks a significant milestone in the journey towards a sustainable future of mobility. By combining their resources and expertise, they are poised to revolutionize the EV charging landscape in North America. Electrify America’s ambitious growth plans, backed by substantial investments, demonstrate the commitment of industry leaders towards decarbonization and the widespread adoption of electric vehicles. As they accelerate the development of charging infrastructure, EV owners can look forward to a convenient, reliable, and sustainable charging experience, supporting the transition to a greener transportation ecosystem.
- Siemens Global. (n.d.). Volkswagen and Siemens invest in Electrify America’s ambitious growth plan. Press Releases. Retrieved June 27, 2023, from https://press.siemens.com/global/en/pressrelease/volkswagen-and-siemens-invest-electrify-americas-ambitious-growth-plan