EV Charging Infrastructure Develops
Czech power company CEZ has recently opened a charging station for electric vehicles (EVs) in the capital city Prague. It is its 25 th such unit in the country, and the first built at a McDonald's outlet. BMI believes that increasing the availability of charging infrastructure will increase the uptake of EV technology over the longer term.
The fast food chain, which operates around 90 outlets across the Czech Republic, is an integral part of CEZ's electric mobility strategy. McDonald's outlets are primarily located in urban locations, but also on highways, providing ideal locations for EV charging stations.
The EV market in the Czech Republic remains very small, with an estimated 200 EV in use. Many of these are fleet vehicles. CEZ hopes to open 50 EV charging stations in the country by 2013. BMI believes that a substantial barrier to greater EV uptake (in the Czech Republic, but also more broadly across many markets) is the current paucity of a strong charging infrastructure. We believe that the increasing availability of such stations will increase the uptake of EVs across the country.