Electrify America has announced its “Boost Plan.” The plan calls for the company to double its EV charging network by 2025. This announcement comes just days after rumors surfaced that Electrify America parent Volkswagen AG was shopping for investors for Electrify America.
Today’s announcement proclaims Electrify America will have 1,800 charging stations with over 10,000 individual chargers by 2025. This growth will accelerate the deployment of fast chargers capable of 150 and 350 kilowatt chargers. The announcement is in addition to a $2 billion investment into charging infrastructure and education already committed by Electrify America. The original $2 billion was actually part of a settlement between Volkswagen AG and the U.S. Department of Justice regarding the company’s diesel emissions scandal.
“We have decided to double our current charging infrastructure in North America over the next four years to help meet the need for the rapid growth expected of electric vehicles by virtually all the auto manufacturers, and to help make EV adoption more accessible and attractive than ever.” said Giovanni Palazzo, president and chief executive officer, Electrify America. “We are making this commitment to support the plans by major automakers and the U.S. and Canadian governments to help the transformation to an electric mobility transportation system.”
Just last week rumors surfaced Volkswagen is hunting for another investor into Electrify America. Today’s expansion announcement may be shedding additional light as to why the automaker is wanting someone to share in the investment into Electrify America’s expansion. Oddly, the company isn’t disclosing a dollar amount for its investment into doubling the charging network by 2025.