Volvo Partners With Starbucks for Pilot EV Charging Network

Car maker Volvo Cars USA (STO: VOLVb) has entered into partnership with American chain of coffeehouses and roastery reserves Starbucks Corp. (SBUX) to create a public electric vehicle charging network a project slated to begin this summer.

Volvo says that the pilot installation will include around 60 Volvo-branded ChargePoint DC fast chargers which will be set up at 15 Starbucks store locations. These charging stations will be usable by all EV drivers for a fee, but Volvo drivers could use them at no charge or at preferential rates.

Volvo is seeking to have a charger installed at every 100 miles and it expects the installation of the EV charging stations by the end of 2022.

China based automotive company Geely Holding Group Co is the main stake holder in Volvo Cars. Volvo says it aims at selling 50% pure electric cars by 2025 and fully electric cars by 2030.

Last month, the government of United States unveiled its plan to set aside around $5 billion over the next five years to set up thousands of electric vehicles charging stations across the country.

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