Author: Alexander Reed

Alexander Reed is a general electric vehicle journalist at evmagz, covering global EV launches, battery technology, charging infrastructure, and clean mobility trends across major markets. When he’s not writing about the future of transportation, he enjoys weekend road trips, testing new tech gadgets, and photography. For editorial inquiries, contact: [email protected]

Charging

EIB Supports Eldrive in Establishing Over 10,500 Electric Vehicle Charging Stations Across Bulgaria, Romania, Lithuania, and Latvia

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The European Investment Bank (EIB) has pledged approximately 40 million euros to support Eldrive, a charging infrastructure operator, in constructing a total of 10,574 new charging stations for electric vehicles. The funding will be utilized for projects in Bulgaria, Romania, Lithuania, and Latvia. The overall cost of the initiative is estimated at around 174 million euros, with no specific timeline provided by the EIB. Eldrive, headquartered in Bulgaria but with offices in all three aforementioned countries, currently operates over 700 charging points in Bulgaria, Romania, and Lithuania. The company was previously mentioned in relation to OMV Petrom’s plans to expand…

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