Competitors Daimler Truck, Volvo Group and Volkswagen subsidiary Traton Group have put down their arms and finalized a joint venture to build infrastructure to support electric trucking in the European Union.
As reported by FleetOwner, part of IndustryWeek parent company Endeavor Business Media, the commercial truck giants are working to meet the European Union's Green Deal to enact carbon-neutral freight transport by 2050. The $500.6 million joint venture will lead to the installation of at least 1,700 high-performance green energy charging stations across Europe.
Martin Daum, Daimler Truck’s CEO, said, “It is crucial that we are now taking the initiative for building up the much-needed charging network. Still, we call on the entire industry to join in our effort. The number of charge points has to increase significantly as fast as possible to make electric long-haul trucking a viable solution for our customers.”