Charging station company Fastned sees losses up despite higher charging prices

Fastned

Fastned, The Largest Dutch Operator of Fast-Charging Stations, Earned Much More Money In The Past Six Months, But Still Made A Significant Loss. Charging Prices had to get a higher electricity costs, and the company is simultaneously spending a lot of money to open new locations.

Revenue Increased because there are more electric cars in Europe and because it is more charging is Taking place, but also because charging prices increased due to higher electricity costs.

Fastned CEO Michiel Langezaal Tells Nu.nl that the rising electricity costs had to be partly offset by increasing charging prices. “Electric Charging is Still Much Cheaper Than Refueling with Gasoline.” Gasoline prices have fallen in the past Six Months, Due to the Falling Oil Price.

The Dutch Company Opened Seventeen New Charging Stations Along European Highways in The Past Half Year. It now has 363 stations, 181 or which are in the Netherlands. Fastned Wants To Have A Thousand Charging Stations in Europe by 2030. It Spends A Lot Of Money On This Expansion: The Net Loss Increased by 60 percent to 18.3 Million euros in the Past Six Months.

European Car Sales Fell in the Past Six Months, But The Share of Electric Cars Increased. Langezaal Therefore Supports His Plans to Quickly Open More Fastned Charging Stations. “Legislation from the European Union Encourages Companies to Buy Electric Cars and Trucks in the Coming Years. We are already Taking this into account.”

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