Vattenfall aims to become top EV charging station operator in North-Western Europe

Vattenfall aims to become top EV charging station operator in North-Western Europe

According to a statement released by Sweden-based utility giant Vattenfall, the company is aiming to become the top electric-vehicle (EV) charging station operator in North-western Europe within the next five years.

Against the projections of a rapid growth of the plug-in EV market in the coming years, Vattenfall said in the statement that it is aiming at a “turnover for the business of 1 billion crowns ($119 million)” in the next five years or so.

Vattenfall is already the owner and operator of plug-in EV charging stations in Sweden, Germany and the Netherlands. To achieve its aim of becoming the top operator of EV charging infrastructure in the next few years, the company will apparently look to expand its operations into Norway, France, and the UK.

Projecting a “sharp increase” in EV growth in the next five-year period, Vattenfall said in an official statement, “From now on we expect our charging network to double in size every year.”

For the expansion of its operations and the achievement of its goal of becoming the leading EV charging station operator in North-western Europe, it is pertinent for Vattenfall to expand its presence in Norway, the UK, and the Netherlands because these countries represent some of the world’s largest plug-in EV markets.

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