New Electric Vehicle Partnership

Two multinational European companies, e·on and ALD Automotive have recently launched an electric vehicle (EV) partnership. The companies will develop EV charging stations, financing and services for municipalities, corporations and private customers in Europe.

e·on is a holding company, headquartered in Essen, Germany. e·on is one of the largest electric utilities, serving over 33 million customers in over 30 countries. ALD Automotive is a car leasing company, headquartered in Rueil-Malmaison, France. ALD Automotive is a subsidiary of Société Générale is an investment bank and financial services company, headquartered in Paris, France.

The partnership will offer consultancy, planning, installation, operation and maintenance of EV charging infrastructure for corporation and individual residences. The two companies have already commenced operations in Denmark and are planning to launch operations in Germany, Sweden, Norway and the United Kingdom.

The automobile, utility, energy and technology companies are trillions of dollars every year in EV manufacturing, battery storage systems and charging systems. Every month I read about new batteries that will allow EVs to drive further on a single charge and to be recharged in the amount of time it takes an internal combustion engine vehicle to be filled up at a gas station. In my opinion, the day of the EV will be here much sooner than most people think.

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