The four companies plan a network of around 1000 chargers along major routes across Europe, with power outputs of up to 350kW.
Work will start on the network in 2017, and the group says that as technology evolves, it’s expected that charging will become akin to filling a petrol-powered car in terms of convenience, suggesting a similar duration is being targeted.
Only cars equipped with the Combined Charging System (CCS) will be able to use the new network. As calls for standardisation of electric charging systems continue, it’s likely that this will push CCS towards becoming the de facto charge system, as the four giants invest in its infrastructure.
BMW's i sub-brand cars, the i3 and i8, already use CCS as their charging method, as do VW's e-Up and e-Golf, and in the future, so will Ford's raft of planned electric vehicles, as well as Mercedes' EQ sub-brand cars.
Although the four founding manufacturers are investing in the new network initially, more parties are being invited to join the scheme and pledge investment along the line.
Oliver Blume, chairman of the Porsche executive board, said: “There are two decisive aspects for us: ultra-fast charging and placing the charging stations at the right positions.