E ON : shifts electro-mobility business into high gear

E.ON is setting a strategic focus on e-mobility. The Group has established a new unit with the aim of taking a leading role in developing and expanding Europe's charging infrastructure.

In essence, this involves providing owners of electric vehicles with a comprehensive range of services. E.ON will secure attractive locations for charging stations where it can install and operate innovative charging technology. E.ON will offer the customer tailor-made products such as an opportunity to charge with green electricity or a flat rate that provides for unlimited mobility. E.ON will join together with strong partners in implementing this concept. Discussions and tests are currently already underway.

'We firmly believe,' says Karsten Wildberger, a member of the E.ON management board, 'in the future of e-mobility and the related potential for growth. By virtue of our core strengths and experiences we are in an excellent position to succeed in the growing field of e-mobility. We aim to making e-mobility as convenient as possible for our customers.'

E.ON has extensive experience in e-mobility. In Denmark, for example, one of the most advanced e-mobility markets in Europe, the company operates around 2,500 charging points and is with expected 300.000 charging transactions by the end of 2016 the market leader there. Based on the data about customer behavior E.ON develops services and pricing models for further markets. In October, E.ON started setting up charging networks in Britain and Sweden, and began offering municipalities as well as individual customers a variety of e-mobility products such as charging systems and pricing plans. In partnership with the platform, e-clearing.net, drivers of electric cars can already have access a live-view of charging stations via their navigation systems.

In addition, E.ON is offering companies and municipalities in Germany innovative charging stations for either sale or lease. E.ON supports these customers applying for subsidies with regard to German government's new Charging Station Subsidy Directive, which is expected to go into effect in January.

E.ON is also switching its own vehicle fleet to electric. The first step will be to gradually convert the existing German network fleet, which consists of 4,500 cars and commercial vehicles. 150 vehicles have already been procured during the past few months. Other parts of the company are set to follow.

This press release may contain forward-looking statements based on current assumptions and forecasts made by E.ON Group management and other information currently available to E.ON. Various known and unknown risks, uncertainties and other factors could lead to material differences between the actual future results, financial situation, development or performance of the company and the estimates given here. E.ON SE does not intend, and does not assume any liability whatsoever, to update these forward-looking statements or to conform them to future events or developments.