Sweden’s Vattenfall boosts its EV charging market with Volvo Cars deal


Sweden’s Vattenfall boosts its EV charging market with Volvo Cars deal

Swedish state-owned utility Vattenfall is partnering with Geely-owned Volvo Cars to help owners recharge their electric vehicles (EV) at home, the firms said on Thursday.

The move comes two weeks after Vattenfall launched plans to become northwestern Europe’s largest operator of EV-charging infrastructure within five years.

Volvo Cars’ market share for plug-in hybrid cars in its home market Sweden is now about 18 percent. The carmaker has a target for 50 percent of the cars it sells to be electric by 2025, Volvo Cars said in a joint statement with Vattenfall. Read More

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