Tesla
Tesla

Tesla gets nearly $150M in EU funding

What To Know

  • The Italian arm of the Tesla conglomerate has set its sights on the deployment of 6,458 cutting-edge recharging stations, each endowed with the capability to deliver a formidable 250 kW punch.
  • The European Commissioner for Transport, the esteemed Adina Vălean, lauded these groundbreaking initiatives, stating, “The numerous applications for AFIF funding received underline the transport industry's interest in pushing ahead with the switch to more sustainable transport – on roads, in the sky, and at sea.
  • This latest infusion of EU grants comes in the wake of the Council of the European Union’s adoption of a comprehensive set of regulations aimed at simplifying the lives of electric vehicle drivers.
  • Furthermore, these pioneering regulations stipulate that charging stations situated along the primary arteries linking major cities and pivotal nodes, commonly referred to as the TEN-T core network, must be endowed with the capability to deliver a cumulative output of no less than 400 kW by the conclusion of 2025.

Tesla is poised to reap a substantial windfall of approximately $150 million (€148.7 million) from the European Union’s coffers. This financial injection is earmarked for the ambitious endeavor of installing and upgrading a formidable fleet of 7,198 charging stations, each boasting an impressive 250-kilowatt power output. These charging stations are slated to be strategically scattered across 687 locations spanning 22 countries within the European domain, as officially declared by the venerable European Commission.

The Alternative Fuels Infrastructure Facility (AFIF) recently conducted a call for proposals, resulting in the selection of 26 pioneering projects. These endeavors are set to receive substantial financial support from the European Union, amounting to a staggering sum exceeding $377 million (€352 million).

Remarkably, Tesla, the trailblazing American electric vehicle (EV) juggernaut, clinched approval for not one but two of these visionary projects. These laurels were achieved through project submissions made by Tesla’s subsidiaries in Italy and Poland.

Unquestionably, Tesla has secured the lion’s share of the financial bounty, claiming a commanding 44 percent of the overall funding allocation. The Italian arm of the Tesla conglomerate has set its sights on the deployment of 6,458 cutting-edge recharging stations, each endowed with the capability to deliver a formidable 250 kW punch.

These stations are slated for strategic placement across 613 locations within 16 countries, encompassing the core and comprehensive road network that spans Austria, Belgium, Bulgaria, Germany, Spain, Finland, France, Ireland, Italy, Latvia, Lithuania, Luxembourg, Netherlands, Romania, Slovakia, and Sweden.

Tesla gets $160 million in EU funding to expand its Supercharger Network in 22 Countries

Concurrently, Tesla’s Polish subsidiary has also secured financial backing from the European Union. Their mission is to embark on the installation or replacement of 740 charging stations, each boasting a robust 250 kW power output. These stations are set to be strategically dispersed across six countries, namely Czechia, Greece, Croatia, Hungary, Poland, and Slovenia.

The European Commissioner for Transport, the esteemed Adina Vălean, lauded these groundbreaking initiatives, stating, “The numerous applications for AFIF funding received underline the transport industry’s interest in pushing ahead with the switch to more sustainable transport – on roads, in the sky, and at sea. Our investment of €352 million will translate into approximately 12,000 charging points, 18 hydrogen refueling stations, and the electrification of ports and airports, including the port of Rotterdam and 37 Spanish airports.”

This latest infusion of EU grants comes in the wake of the Council of the European Union’s adoption of a comprehensive set of regulations aimed at simplifying the lives of electric vehicle drivers.

These regulations dictate that, commencing in 2025, fast-charging stations, boasting a minimum power rating of 150 kW, must be strategically positioned at intervals of 37 miles (60 kilometers) along the Union’s main transport arteries, collectively known as the “trans-European transport (TEN-T) network.”

Furthermore, these pioneering regulations stipulate that charging stations situated along the primary arteries linking major cities and pivotal nodes, commonly referred to as the TEN-T core network, must be endowed with the capability to deliver a cumulative output of no less than 400 kW by the conclusion of 2025. Moreover, at least one charging stall within these stations must have the capacity to provide a robust 150 kW charging capacity independently.

It is worth noting that although the official documentation does not explicitly mention it, it stands to reason that Tesla will utilize the funding procured from the EU to deploy its cutting-edge V4 Superchargers.

These Superchargers are distinguished by their formidable 250 kW power output and offer the added convenience of a contactless payment option, a feature that aligns seamlessly with the stringent requirements of the newly enacted regulations.