volkswagen's electrify america buys tesla devices for ev charging stations - storage battery

DETROIT (Reuters)-
Volkswagen said on Monday it will install Tesla's battery pack at more than 100 charging stations in the United States to reduce the cost of drivers charging electric vehicles.
Power users can generate high
The cost of many American demandS.
Utilities draw a lot of energy from the grid in a short period of time, which may charge electric vehicles or some of them at the same time at a station.
"If you pass on the demand cost to the customer at a high price
S. Chief Operating Officer Brendan Jones told Reuters it could take between $70 and $110 to charge a car.
"If you do, obviously no one will buy an electric car.
Tesla Powerpack battery system gets power from the grid during shutdown
Peak time and store it for use during peak time to avoid or reduce demand costs.
The United States will install most of the battery packs in the United States, where electric car owners are concentrated, especially on the West Coast and Northeast.
In a conference call with analysts this week, Tesla Chief Executive Elon Musk said "fixed storage" was a growth opportunity for the carmaker.
"I mean, I expect this growth rate to probably double that of the car. . .
Musk said: "It's been a long time.
After acknowledging cheating on diesel emissions, Volkswagen agreed to spend $2 billion nationwide to clean the car infrastructure as part of an agreement with federal regulators.
The lack of electric vehicle charging infrastructure is seen as a major obstacle to large-scale adoption, as consumers remain concerned about their limited scope.
By June, 484 charging stations will be built in the United States.
Jones, the company's chief technology officer, said the company is discussing with regulators the use of more battery packs in the next round of infrastructure investments.
In addition to lowering consumer fees, he said, American Electric will also examine the possibility of selling stored energy to lower charging stations.
Global automakers plan to spend $300 billion on electric vehicle technology in the next five to 10 years, nearly half of which are targeted in China, accelerate the transformation of the industry from fossil fuels to technology suppliers for batteries and electric vehicles in Asia.