The Swiss engineering firm ABB has signaled its strong commitment to securing the future of electric vehicles in their various charging system development projects and acquisitions. These activities include: a €6 million contract to establish a, 200 station strong, charging network in Estonia; installing chargers at a number of British Petroleum owned gas stations in the Netherlands; developing the world’s largest charging network in China; as well as providing DC chargers for the development of a charging network in Austria, beginning last October.

These recent activities are indicative of ABB’s continuing efforts to assist in establishing a comprehensive charging network to support EV expansion. ABB believes that the EV charging market will experience significanct, rapid growth over the course of the next few years; growing from its current $50-$100 million value to a billion dollar business by 2017.

Source: Reuters report on Estonia project

Read more: Ecoseed article on ABB’s EV-related plans