Ionity Charging Network’s slow expansion | 330 Stations with limited operations

Ionity, one of Europe’s leading EV charging networks, is having some issues. Just about 330 charging stations are currently operational, compared to the 400 expected by the end of 2020, and the 430 stations promised by the end of 2021 are considered impossible. And this is despite rising sales of EVs.

Automobile manufacturers are also concerned that traffic congestion at charging stations would worsen. However, this should be avoided to avoid deterring future electric car buyers.

The company is seriously contemplating significantly expand its charging infrastructure, according to a Bloomberg report. The companies behind the joint venture established in 2017 are considering providing additional funding to the company. 

A rapid expansion strategy of a high-performance charging network is now being considered.

Each of the partners is said to have put in about 200 million euros. More funds will be available to build new fast-charging stations in cities and on less-traveled highways. 

The Ionity charging network currently focuses on congested expressways and only has intermittent charging stations in cities. With Ionity, which has cost 79 cents per kilowatt-hour since 2020, the manufacturers follow a premium strategy. Other options are considerably less expensive.

Ionity is a JV between Daimler, BMW, Volkswagen, Porsche, Audi & Ford
Ionity is a JV between Daimler, BMW, Volkswagen, Porsche, Audi & Ford

Ionity’s prospects from CEO’s in the Auto Industry

For the mass market to take off, well-established charging infrastructure is essential. In his capacity as the president of the European manufacturers’ association ACEA, BMW CEO Oliver Zipse recently reported that the EU’s delayed adoption of electric vehicles poses a significant challenge to their performance.

Politicians must move quickly and set concrete deadlines for their member states’ ramp-up. In December, VW CEO Herbert Diess expressed strong displeasure with the rate at Ionity, which was one year behind schedule.

Internal competition for the Ionity Charging network will soon emerge. Porsche and Audi are currently planning their network with additional premium services, according to “Manager Magazin”.

Those in charge’s hope is as follows: Small brand centers with a combination of gastronomy and car dealerships could be created at the new stations. It’s a total of 200 stations we’re talking about. Not all, however, agrees that this is a smart idea.

According to popular belief, more closed charging networks modeled after electric car pioneer Tesla are unnecessary. Volvo’s Polestar electric car sub-head, brand Thomas Ingenlath, recently has spoken out against “exclusive charging clubs.”

Images Courtesy of IONITY