German energy provider EnBW has revised its charging infrastructure expansion plans, reducing its 2030 target from 30,000 to more than 20,000 fast-charging points, citing a slower-than-expected adoption of electric vehicles.
The adjustment marks a shift from the company’s previous strategy. In September 2023, EnBW announced at the IAA Mobility event that it would double its annual investment in fast-charging infrastructure in Germany to around 200 million euros, aiming to reach 30,000 charging points by the end of the decade.
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Despite the revised target, EnBW maintains its position as Germany’s largest fast-charging network operator. As of early 2024, the company had surpassed 6,000 high-power charging (HPC) points nationwide. “We are also on track when it comes to e-mobility: We went well beyond the 6,000 fast-charging points mark in 2024 and connected more charging points to the grid than ever before in the second half of the year,” said Dirk Güsewell, a member of EnBW’s board of management.
The company now plans to consolidate its market share of around 20% in the fast-charging sector. “We want to expand our fast-charging infrastructure to more than 20,000 fast-charging points by 2030,” Güsewell added.
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EnBW’s revised expansion plan comes as Germany’s EV market faces challenges, including high costs and shifting government incentives, impacting the growth of public charging networks.