Nearly one billion euros on fast chargers for trucks and buses, new investment announced by EU

The EU has arranged nearly 1 billion euros for the construction of infrastructure, particularly charging stations for trucks and buses. This was announced by European Transport Commissioner Apostolos Tzitzikostas.

This adds up to the 1.2 billion already allocated over the past three years by the European Union to support electric mobility. This funding will be provided through the Alternative Fuel Infrastructure Facility (AFIF), a European funding instrument that supports companies in investing in the charging network.

The urge for ultra fast charging stations in Europe

In the words of Mr Tzitzikostas: “Strategic financial support for the deployment of charging infrastructure remains critical. We have established a European funding facility, the Alternative Fuel Infrastructure Facility, to help commercial companies eager to invest in a robust charging network across our continent. We can anticipate that nearly 1 billion euros of funding will be allocated specifically for electric charging infrastructure for trucks and buses. This is in addition to the already 1.2 billion euros allocated for charging infrastructure over the past three years.”