FILE -In this Dec. 19, 2012 file picture, company logos of BMW cars lie at the German car manufacturer’s plant in Dingolfing near Munich, southern Germany. Germany’s luxury automaker BMW AG saw net profit slip 1.2 percent in the third quarter as the bottom line was hurt by non-cash losses on foreign currency hedges and the reduced value of a stake in a key supplier. The company announced Tuesday, Nov. 4, 2014, that net profit of 1.31 billion euros (US dollar1.64 billion) fell short of analyst expectations for 1.36 billion euros, as compiled by financial information company FactSet. (AP Photo/Matthias Schrader, File) Volkswagen of America and BMW of North America, together with the largest electric vehicle charging network ChargePoint, plan to create express charging corridors along heavily-traveled routes on the East and West Coasts.
Designed to increase the number of fast charging locations, the initiative will help meet the large and growing demand for convenient, publicly available electric vehicle fast chargers, the companies said in a statement.
Nearly 100 fast chargers will be installed to support long distance and metropolitan electric vehicle travel with the BMW i3, Volkswagen e-Golf and other electric cars, along heavily trafficked corridors on both coasts, the companies said.
The move is seen as challenging electric-car company Tesla, which is setting up its own network of charging stations, including some at Chattanooga Airport.