Swedish energy company Vattenfall made its first move into the British electric vehicle (EV) charging market with the launch of InCharge, the company announced Wednesday.
The move is part of the company's aim to become a leading EV charging infrastructure operator in northwestern Europe within five years, Vattenfall's press release said.
The InCharge charging network, which was launched in Sweden in November 2016, will become operational in Great Britain in June.
"Vattenfall strongly believes that the best way to make transport fossil free in a generation is to go electric. That's why we are rolling out our charging network InCharge across northwestern Europe," said Magnus Hall, Vattenfall’s president and CEO.
Vattenfall currently operates 9,000 charging points in Sweden, the Netherlands and Germany.
"We are in Britain to grow, and Great Britain’s electric vehicle ambitions are a perfect fit with our smart, digitalized and low carbon electric vehicle strategy," Hall added.
Tomas Bjornsson, head of Vattenfall E-mobility, said the move would not only support clean air zones, but ultimately reduce costs to British drivers.
"The combination of Vattenfall’s investment plans and smart solutions for home, office and destination charging will boost confidence in the young British EV market, increase competition, help tackle drivers’ range anxiety, support clean air zones in Britain's cities and ultimately bring down cost to British drivers," he said.
InCharge will grow by partnering with commercial developers, real-estate companies, industries, fleet owners and public bodies, such as local authorities, to install charging poles around Great Britain, according to the statement.
As part of Vattenfall's strategy to be fossil free within one generation, the company has allocated SEK 3 billion ($342.5 million) for the development of new businesses, including charging infrastructure and battery storage, it said.
By Hale Turkes