OMV Petrom invests EUR 40 million to deploy 1,500 EV charging stations across Europe with EUR 12 million in EU grants

Type: Investment · Technology: Ev Charging · Country: Europe (multiple countries including Hungary · Value: ZAR 40M · Announced: 2026-07-09

OMV Petrom announced the completion of a EUR 40 million investment to deploy 1,500 electric vehicle (EV) charging stations across Europe, marking a material milestone in the company's e-mobility expansion strategy. The project received up to EUR 12 million in grants from the European Union, reducing the net capital expenditure burden on OMV Petrom. The charging network spans multiple European countries, with Hungary explicitly mentioned as a key market in the deployment. This initiative aligns with the EU's broader decarbonization goals, supporting the transition to zero-emission transportation by increasing public charging infrastructure density. The deployment includes a mix of fast and ultra-fast chargers, targeting high-traffic corridors and urban centers to maximize accessibility. No specific timeline for completion was disclosed, but the milestone of 1,500 chargers indicates rapid progress in the rollout.

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