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BMW aligns new group for electric vehicles

BMW Group, Ford Motor Company and American Honda Motor Co., Inc. have announced that they have entered into an agreement to create ChargeScape, LLC, a new equally-owned company that will reportedly create "a single, cost-effective platform connecting electric utilities, automakers and interested electric vehicle customers."

The venture is said to benefit both EV customers and the electric utility industry in the U.S. and Canada. "ChargeScape will unlock entirely new value that EVs can provide to the electric grid, while enabling EV customers to earn financial benefits through a variety of managed charging and energy-sharing services never before possible with traditional gasoline-powered vehicles," BMW said in a September 12 press release.

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