Volkswagen Partners With U.K. Grocer Tesco for Electric-Vehicle Charging Network
November 30 2018 - 5:54AM
Dow Jones News
By Adam Clark
Volkswagen AG (VOW.XE) is partnering with British supermarket
chain Tesco PLC (TSCO.LN) to rollout the U.K.'s largest
electric-vehicle charging network at retail sites.
The companies said Friday that over the next three years they
will install more than 2,400 charging bays across 600 Tesco stores.
Customers will be able to charge their cars for free via a standard
charger, or pay for a faster service.
Volkswagen said the plan would support its target of selling one
million electric cars a year by 2025. The BBC reported that the
German car manufacturer has sold 1,350 electric cars in the U.K.
since launching two electric vehicle models four years ago.
Volkswagen is launching its ID. family of all-electric models in
the U.K. in 2019.
Volkswagen and Tesco's plan represents a 14% increase in the
number of public-charge bays in the U.K., according to Pod Point,
the British electric-vehicle infrastructure company which will
carry out the installations.
Figures released earlier this month by the Society of Motor
Manufacturers and Traders showed new registrations of electric
vehicles, including hybrid models, came to 121,577 or 5.9% of the
total market in 2018 to date. The British government has said it
aims to phase out the sale of petrol and diesel cars by 2040.
In addition to car makers, oil companies are also readying
themselves for mass adoption of electric vehicles. BP PLC (BP.LN)
earlier this year bought Chargemaster, the U.K.'s largest
electric-vehicle charging company for 130 million pounds ($166.4
million), after Royal Dutch Shell PLC (RDSA.LN) bought its Dutch
peer NewMotion in 2017.
Write to Adam Clark at adam.clark@dowjones.com
(END) Dow Jones Newswires
November 30, 2018 05:39 ET (10:39 GMT)
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