Gulf News

Firms battle to wire Europe’s highways

Power utilities, tech start-ups and oil majors fight for dominance

-

The battle over how and where Europeans charge their electric cars is expanding from the continent’s cities to its motorways.

Power utilities, tech startups and oil majors are fighting to establish themselves as the dominant players in the fastgrowin­g business of charging stations — but advances in electric vehicles means where they build them is changing.

Refuelling convention­al petrol and diesel cars on motorways has long been the domain of the oil companies, which typically have their own networks of filling stations. Several are now talking about setting up high-power charging networks, creating major competitio­n for limited space at motorway service areas.

“It is a bit of a landgrab now to win this sector,” said Tim Payne, chief executive of British charging start-up InstaVolt, which has raised £12 million ($16 million; Dh58.79 million) to install 3,000 charge points across Britain by 2020.

While the range of electric vehicles (EVs) was less than 100 kilometres, Europe’s utilities were happy to help cities and companies install slow and inexpensiv­e charging points at homes, offices and shops, often supported by state subsidies.

But Tesla, Porsche and BMW are now making battery-powered cars with enough range to drive across countries.

Daimler and Volkswagen also announced plans on the eve of this week’s Frankfurt motor show to accelerate their shift to electric cars.

Infrastruc­ture shortcomin­gs

Charging infrastruc­ture remains nowhere near it needs to be. “Where is the network of charging points that will be required? Indeed where is the power and the grid?” Ralf Speth, boss of Britain’s Jaguar Land Rover, asked last week.

Experts including ChargePoin­t and Engie are, however, making plans to build panEuropea­n networks of highvoltag­e fast-charging stations which can refill a battery in less than half an hour instead of overnight.

In Britain, InstaVolt is renting land from filling station operators, bringing them additional revenue from the lease as well as the increased traffic to their shops at the sites. It earns a margin by selling power through the chargers.

InstaVolt struck a deal in May with ChargePoin­t, which itself is on a $125 million expansion spree in Europe, to install about 200 of the US group’s ultra-fast chargers close to popular roads across Britain.

Newspapers in English

Newspapers from United Arab Emirates