EV charger station firms battle for prime locations in Europe, US

FILE PHOTO: Tesla Supercharger station at a Tesla store in Ann Arbor, Michigan, U.S., December 7, 2023. REUTERS/Paul Lienert/File Photo

LONDON/DETROIT (Reuters) - Electric vehicle charging companies in Europe and the U.S. have started fighting over the best spots for fast public chargers, and industry watchers predict fresh rounds of consolidation as more big investors enter the fray.

Many current EV charger companies are backed by long-term investors, and more are expected to launch. Looming bans in various countries on cars powered by fossil fuels have made the sector more attractive to infrastructure investors like M&G's Infracapital and Sweden's EQT.