Eight automakers back IONNA charging network as US EV sales fall 20.5 per cent
By Eve
Toyota, BMW, GM, Honda, Hyundai, Kia, Mercedes-Benz and Stellantis gathered in Durham to support IONNA, their joint DC fast-charging network, which won a J.D. Power award for highest ranking among public networks. The event coincided with a 20.5 per cent year on year drop in US EV sales in Q2, though Toyota said long term electrification plans remain unchanged despite the slowdown and the expiry of federal consumer tax credits.
Why it matters: The eight-manufacturer consortium signals continued infrastructure investment even as demand softens, potentially stabilising the business case for charge point operators serving multiple OEM customers. IONNA's J.D. Power recognition may influence procurement specifications and partnership strategies in a consolidating market.