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  • G. David Felt
    G. David Felt

    Electrify America stake will cost $1 Billion as Volkswagen looks to expand.

      According to a Reuters story, two people familiar with the investment have stated that Volkswagen is looking for outside funds to expand their infrastructure for BEVs.

     

    According to the sources, Citi is representing Volkswagen as they shop for a co-investor willing to inject at least $1 billion dollars  in Electrify America. This is being shopped among infrastructure groups, electrical companies and other energy companies such as big oil.

    Volkswagen, Electrify America and Citi have all declined to comment. Yet as various oil companies buy up electrical charging companies and manufactures of charging equipment, Volkswagen is now in the aftermath of their emissions cheating scandal that forced them to spend $2 billion in building out EV charging stations across America from 2017 to 2026 has now looked to join the long term energy supply chain for BEVs.

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    Electrify America has signed long term contracts with Lucid, Mercedes-Benz, Hyundai and Ford who offer either unlimited charging for up to 3 years or a yearly credit amount for the first few years using EA charging network.

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    Audi BEV owners not only get 3 years of unlimited charging at EA stations, they also get a 220V home charger installed by EA with each BEV purchase.

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    Last year EA rebooted their pricing system to charge by the kilowatt-hour where allowed. This revamp resulted in higher costs to charge for many EV drivers and set the company up as a fuel dispenser with margins that are maintained by state or region according to their agreement that were signed.

    As of last month, June 2021 EA had 635 charging stations across the United States with 2,850 charging spots that were up and running allowing Ultra-Fast high-speed charging up to 350 kilowatt allowing for BEVs that support it to fully charge in under 20 minutes.

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    EA has stated they expect to have 800 charging stations with 3,500 charging spots by end of December 2021 covering 45 states with two cross-country routes. CEO Giovanni Palazzo stated in March at Volkswagen Power Day event that Electrify America has plans to expand further beyond their original charter from the diesel emission settlement and now this seems to be what he might have been hinting at as EA pushes to court more auto companies to sign onto using the EA charging network and be one of the top competitors right up there with the Tesla Supercharging network that has just announced it will open to everyone as they retrofit the stations with standard charging plugs and Ionity, Europe's largest charging network co-owned by BMW, Daimler, Ford and Hyundai. Ionity also according to sources has Renault and Shell Oil who have both offered investment capital for a percentage.

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    Volkswagen is presenting on July 13th 2021 their new strategy as they consolidate all their various global charging efforts under a single new Charging & Energy business division led by Elke Temme a long time executive in the energy utility area.

    Seems the Charging infrastructure is the next big expansion of competition that will decide who wins and looses in the wake of a global EV rollout.

     

    Volkswagen to sell stake in charging unit Electrify America -sources | Reuters

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  • Posts

    • The Greek farmers are getting down and dirty becoming violent for seemingly less reasons.  Not less reasons, for the same reasons americans should be getting down and dirty and almost violent.  americans have MORE content to become protesty and rioty than Greek farmers do.   https://www.reuters.com/business/environment/protesting-greek-farmers-disrupt-port-operations-nationwide-blockades-persist-2025-12-10/ VOLOS, Greece, Dec 10 (Reuters) - Dozens of Greek farmers disrupted operations at the regional port of Volos on Wednesday as part of a nationwide demonstration to protest delays in farm aid payments and high production costs. Farmers have deployed thousands of tractors and trucks in dozens of blockades for days, disrupting traffic at several junctures along major motorways and intermittently blocking border crossings as they face a shortfall of more than 600 million euros ($698.58 million) in European Union aid and other payments. The delays were prompted by investigations into a corruption scandal in which some farmers, aided by state employees, faked land ownership to qualify for payouts. Ongoing audits have slowed subsequent disbursements       Fraud, scandals, theft, lies.  Loss of revenue, theft of revenue.  CORRUPTION...   In Greece... Sound phoquing familiar?   And Greeks are fighting this as SOON as fraud, scandals, theft, lies.  Loss of revenue, theft of revenue.  CORRUPTION was revealed...     I guess this was uncovered at about summer time.    The usa has been under fraud, scandals, theft, lies.  Loss of revenue, theft of revenue.  CORRUPTION with trump SINCE 2016...  And NOTHING of a push back by americans...  From hush monies stolen from republican coffers to silence Stormy Daniels and Karen McDougal to outright getting caught with lies about voter fraud and instigating an insurrection to flat out refusing to leave office to stealing classified documents to illegally firing judges and all other governmental employees such as generals and FBI leaders to paying off judges to throw out legal court cases against him to becoming a phoquing felon with 34 or so counts against him of being a bank fraudster to lying about eating the cats and the dogs to allowing the kentucky whiskey industry and soy bean industries go to hell... Where are the soy bean farmers protesting?  Twice they got burned by trump. Where are the employees of the whiskey industry protesting? Where are the truckers protesting? They also got burned twice by him? Where are the tourist industry employees?  They blame Canadians and view Canadians as the reason for their misery but also view Canadians as their saviours?  Why arent THEY protesting in the streets like Greek farmers are doing? I guess I shouldnt be reading too much into it... All is great in the good ole usofa...    Phoque the usa is all I have to say!!!   Especially when no american is willing to fight for his rights and freedoms... 
    • That is a Royals Royce SUV. DISCOVER CULLINAN SERIES II
    • No One Got a Check, This country is too broke to afford giving out money to buy their silence. The administration is broke, this country is broke, there is no reason for any of what Idiot47 has done. From the giving away billions to useless defense contractors to paying to continually refurbish out dated military machines like tanks in California's high desert, the military has stated over and over it needs to get lighting fast and the old equipment is dead. So all the tanks, boats, everything that Idiot47 says makes us strong is actually bleeding America dry. 51% for sure of this country is dumber than nails, look around where Biden pushed for battery plants, new technology that would drive jobs and Idiot47 is tearing it down cause living in the 50's and 60's was the golden age for him. Corrupt Dirty Donald to the core.
    • The black SUV in the last pic is a Rolls Royce Cullinan...definitely a Hollywood bling wagon for people with too much plastic surgery and money...maybe a Kardashian or Kardashian-adjacent.  That 80s Riv convertible is sweet as is the silver '62 Impala. 
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