New funding for commercial fast-charging infrastructure

New funding for commercial fast-charging infrastructure

The Federal Ministry for Digital and Transport (BMDV) is supporting the establishment of commercial fast-charging infrastructure for electric vehicles.

The Federal Ministry for Digital and Transport (BMDV) continues to assist companies in building fast-charging infrastructure for electric cars and electric trucks. With an investment program of €150 million, commercially used charging points and their corresponding network connections are to be promoted. This is intended to particularly benefit the transport and logistics sector.

Federal Minister Volker Wissing emphasizes the importance of commercial vehicles for the electrification of transportation and the achievement of climate protection goals. The funding facilitates the transition to environmentally friendly fleets for small and medium-sized enterprises. Starting from June 3, 2024, companies can submit applications, especially from the transport and logistics sector, as well as other commercial areas such as crafts and trade.

The BMDV launched the funding program in September 2023 and has already allocated funds for around 1,000 fast-charging points. An additional budget of €84 million will now support another 5,000 charging points. The funding covers investments in charging infrastructure as well as network connections and installation.

Commercial enterprises, including those with public participation, are eligible to apply. The amount of funding depends on the size of the company and can be up to 40% for small and medium-sized enterprises and up to 20% for large enterprises. The maximum funding per charging point varies depending on the charging capacity and can be up to €30,000 for small and medium-sized enterprises.

The application period begins on June 3, 2024, and applications can be submitted through the project sponsor Jülich. Installation must be completed within 18 months of receiving the funding approval, and the required electricity must come from renewable sources.

More details about it here.

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