Together with Daimler Truck and the TRATON GROUP, we are taking matters into our own hands by developing and maintaining a charging network for heavy commercial vehicles along highways and near logistics hubs across Europe. As truck providers, we know better than most that there is a huge demand for electric trucks all over Europe. And the technology is there, from multiple brands, to provide electric trucks that can fulfill that demand. What is missing in the equation is the charging infrastructure necessary to keep the trucks rolling on the roads. European charging infrastructure is unevenly distributed along the transport lines, and they are not always powerful enough to charge truck batteries fast enough to be efficient. While policy changes are crucial to enable the necessary changes, we can take action now through partnerships. That is why we are working with Daimler Truck and the TRATON GROUP to launch a new joint venture, which will install and operate at least 1,700 high-performance charging stations powered by renewable energy along highways and near logistics hubs all over Europe. The stations will be open to all heavy commercial vehicles, from any operator, and will allow for both fast charging during the drivers’ 45-minute breaks, and slow charging during overnight stops. The joint venture is supported by €500 million from the parties, which is assumed to be the largest investment in charging infrastructure for the heavy-duty truck industry to date, and will be headed by the former head of Allego, Anja van Niersen. We see this as a crucial step in our net zero strategies as well as the European Union’s Green Deal for carbon-neutral freight transportation by 2050. Read more in our press release: https://www.volvogroup.com/en/news-and-media/news/2022/jul/news-4307331.html