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On April 20, Swedish utility Waterfall Energy announced plans to become the largest electric vehicle charging infrastructure operator
in northwest Europe within five years.
Waterfall Energy plans to become the largest electric vehicle charging operator in northwest Europe within five years
Waterfall Energy said in a statement that the company is targeting a turnover of 1 billion crowns, relying on the growing
demand for electric vehicle charging stations.
The competition for the European EV charging market is intensifying
as battery EV sales grow in Tesla, Porsche and BMW, and other automakers plan to accelerate the transition to EVs.
Power companies like Waterfall Energy, tech startups and oil majors are also vying to dominate this fast-growing market
.
Before the boom in electric vehicle charging, companies already involved in the competition for market control included French utility Engie, German company Innogy, ChargePoint and others
.
Waterfall Energy's Finnish rival Forton Group has also made several acquisitions to compete
.
Waterfall Energy already operates home, commercial and utility charging solutions
in Sweden, Germany and the Netherlands.
Now it plans to enter new markets
including the UK, France and Norway.
"From now on, it is expected that our charging network will double in size every year to meet the dramatic growth
of electric vehicles.
" Waterfall Energy Representation
.
Norway has the highest penetration of electric vehicles in the world, followed by the Netherlands and Sweden
.
，
On April 20, Swedish utility Waterfall Energy announced plans to become the largest electric vehicle charging infrastructure operator
in northwest Europe within five years.
Waterfall Energy plans to become the largest electric vehicle charging operator in northwest Europe within five years
Waterfall Energy plans to become the largest electric vehicle charging operator in northwest Europe within five yearsWaterfall Energy said in a statement that the company is targeting a turnover of 1 billion crowns, relying on the growing
demand for electric vehicle charging stations.
The competition for the European EV charging market is intensifying
as battery EV sales grow in Tesla, Porsche and BMW, and other automakers plan to accelerate the transition to EVs.
Power companies like Waterfall Energy, tech startups and oil majors are also vying to dominate this fast-growing market
.
Before the boom in electric vehicle charging, companies already involved in the competition for market control included French utility Engie, German company Innogy, ChargePoint and others
.
Waterfall Energy's Finnish rival Forton Group has also made several acquisitions to compete
.
Waterfall Energy already operates home, commercial and utility charging solutions
in Sweden, Germany and the Netherlands.
Now it plans to enter new markets
including the UK, France and Norway.
"From now on, it is expected that our charging network will double in size every year to meet the dramatic growth
of electric vehicles.
" Waterfall Energy Representation
.
Norway has the highest penetration of electric vehicles in the world, followed by the Netherlands and Sweden
.
，
