Iberdrola Will Sign A Global Agreement With Nissan To Promote Electric Cars

Iberdrola will sign a global agreement with Nissan to promote electric carsThe project guarantees that a complete connected electric vehicle could be manufactured in Spain autonomously

Iberdrola and the Japanese car maker are preparing a joint project to develop the chargers for electric cars, thanks to the intelligent networks infrastructure of the Basque electrical company. The final objective is that Iberdrola’s networks should support the charging for Nissan’s electric cars, for whom the “Nissan Leaf Zero Emission” is its main bid for an electrically powered saloon. The agreement begins in Spain, but will be extended to other countries where Iberdrola is an electricity distributor like the UK (Scottish Power), the US (Avangrid) and Brazil (Neoenergía).

Specifically the framework of collaboration between both companies aims to promote V2G – vehicle connected to grid – and “smart charging”. The V2G and smart charging technologies are key to the progressive introduction of electric cars.

Nissan is the most experienced carmaker in V2G technologies, with projects already in Denmark, Sweden and the UK. In both the UK and the US, Iberdrola’s subsidiaries – Scottish Power and Avangrid – are already working on this kind of project to make V2G a reality.

Iberdrola is also involved in other projects to promote electric cars. In this line Iberdrola aims to install 50,000 recharging points in Spain and the UK and reached an agreement with AVIA petrol stations to install rapid recharging points.

Moreover, this plan envisages the deployment between 2018 and 2019 of a network of rapid, super rapid and ultra rapid recharging stations in the main motorways and corridors in Spain, which will most of a battery to be recharged in between 20 and 30 minutes, or 5 and 10 minutes in the case of ultra rapid recharging.

It is also working on other alternatives with BMW, Renault, Hyundai, PSA group and Volkswagen. Other companies involved in the new way of powering movement with which Iberdrola is working include Red Eléctrica, Telefónica, Pelayo, Auchan Retail and IKEA.

Although Spain registered 21,181 electric cars in 2018, an increase of 62.6% over the 13,021 cars delivered the year before, according to the Business Association for the Development and Promotion of Electric Vehicles (Aedive) Spain remains at the back of the queue in the use of this type of vehicle. Only in the first half of 2018, sales of electric vehicles in the EU, Iceland, Norway, Liechtenstein and Switzerland reached 195,000 units, 42% more than sales in the same period of 2017, estimated at 137,000 units. With these figures there are over a million electric cars on the roads of Europe. China has also reached this milestone, with many more cars on the roads, ad the US would be close to achieving it.

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The Corner
The Corner has a team of on-the-ground reporters in capital cities ranging from New York to Beijing. Their stories are edited by the teams at the Spanish magazine Consejeros (for members of companies’ boards of directors) and at the stock market news site Consenso Del Mercado (market consensus). They have worked in economics and communication for over 25 years.