The two companies are partnering to build hundreds of new charging stations that will look similar to gas stations.

GM electric vehicle owners now have access to more chargers. Last week, the automaker opened up access to more than 17,800 Tesla Superchargers for its customers throughout the U.S. and Canada.  Drivers will need to buy a GM-approved North American Charging Standard (NACS) adaptor to be able to use them.

The take-up volume of UOB’s green car loans – these refer to borrowing for an EV – also doubled year on year, she added. OCBC Bank consumer secured lending head Tok Geok Peng said the number of car loans has been “steadily increasing”, noting that the numbers for the first half of 2024 were more than 30% higher than the same period in 2023.

The average monthly payment on used electric vehicles, which are now cheaper than hybrids and gas-engine cars, are approaching affordable levels for middle-income households.

By Marleen Kaesebier and Miranda Murray BERLIN (Reuters) -Siemens plans to carve out its electric vehicle (EV) charging business, Siemens eMobility, as it looks to grow in the rapidly evolving industry,

Siemens said it would separate its electric vehicle charging unit to create an independent business that is more agile and better positioned to capitalize on opportunities in the fast-growing market.

Siemens AG will set up its electric car and truck charging business as a fully independent unit to pursue new partnerships and boost growth.

Siemens (OTCPK:SIEGY) said Monday it will separate its electric vehicle charging unit to create an independent business, as it aims to place its electric mobility unit on track to become more agile with more freedom to "define its focus areas based on business strengths.