EU Investing EUR 1.5 Billion to Increase EV Alternative Fuel Infrastructure
According to TradingPlatforms.com, the European Union (EU) is investing €1.5 billion to build a network of alternative fuel infrastructure. This investment is part of the Fit 55 Package, a major initiative to accelerate the transition toward clean transportation. The investment will be used to install new charging facilities, expand existing ones, and enable access to hydrogen refueling stations.
TradingPlatform’s financial analyst Edith Reads commented on the data saying, ” EU’s initiative to increase the network of alternative fuel infrastructure is a great step forward in developing a greener and more sustainable transport system. This investment will help reduce emissions, as well as improve air quality in EU countries.”
To attain carbon neutrality, the EU is actively encouraging citizens to switch from conventional vehicles to electric ones. To do this, more charging points need to be installed in public locations as well as private spaces. As of 2022, more than 450k public charging points were established throughout Europe. The full story and statistics can be found here: EU Investing EUR 1.5 Billion to Increase EV Alternative Fuel Infrastructure
