Volvo Partners with Starbucks to Launch Fast EV Charging Network

Volvo Partners with Starbucks to Launch Fast EV Charging Network

Volvo (OTCMKTS: VLVLY) and Starbucks (NASDAQ: SBUX) are partnering up to create a charging network for electric vehicles at the coffee chain’s stores within the United States. Set to be powered by ChargePoint, the network will hold at least 60 Volvo-branded chargers at approximately 15 Starbucks locations. The chargers will be initially installed throughout a 1,350 route from Denver to the company’s headquarters in Seattle.

“Volvo wants to give people the freedom to move and lower their impact on the environment. Working with Starbucks, we can do that by giving them enjoyable places to relax while their cars recharge,” said Anders Gustafsson, president, and CEO of Volvo Car USA.

“We are thrilled to partner with Volvo Cars to test how we can charge our customers’ electric vehicles at Starbucks stores, said Michael Kobori, chief sustainability officer at Starbucks. “Imagine a future where Starbucks helps our customers to connect—more sustainably.”

According to a representative, both companies will be overseeing the stations to analyze the effects on electric vehicle owners and study the possible growth for the program. Currently, the charging network is considered an obstacle to EV growth, hence the need for automotive and charging companies to initiate partnerships and expand the installation.

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