Chief Executive Jean-Bernard Levy said EDF was targeting a 30
percent market share in electric vehicle charging in its main
markets of France, Belgium, Italy and the United Kingdom.
"We want to become the uncontested leader in electric mobility
in Europe by 2022," Levy told reporters.
EDF estimates that in its four core markets, electric vehicles (EV)
will make up 30 percent of all new cars sold by 2030, or at the
latest by 2035.
The company aims to operate 75,000 EV charging stations in
Europe by 2022.
EDF is entering a crowded field in which power utilities, tech
start-ups and oil majors are fighting to establish themselves as
the dominant players in a fast-growing business. https://reut.rs/2ONEaBb
EDF's competitors, such as Engie and several German and
Scandinavian utilities, have already moved into the electric
vehicle market well before the French group.
The electric vehicle plan is the third major renewable energy
investment project made by Levy, after a 25 billion euro ($28.7
billion) push into solar announced in December 2017 and an eight
billion euro investment in power storage in March.
EDF gave no indication of how much it planned to invest in its
electric vehicles charging initiative.
($1 = 0.8701 euros)
(Reporting by Geert De Clercq; Editing by Sudip Kar-Gupta)
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