Europe’s EV Network Gets a Financial Jolt

Nidec and BNP Paribas team up to fund rapid EV charger growth across Europe

10 Nov 2025

Nidec Conversion has joined forces with BNP Paribas Leasing Solutions in a partnership designed to speed up the deployment of electric vehicle charging infrastructure across Europe. Announced on October 30, 2025, the agreement covers France, Germany, Italy, Spain, the Netherlands, and the Nordic countries.

The initiative addresses one of the main obstacles to clean transport: the difficulty of financing large-scale charging networks. While electric vehicle adoption has surged, installation of charging points has lagged behind, constrained by high upfront costs and limited funding options for smaller operators.

The new collaboration offers flexible leasing and financing schemes to make Nidec Conversion’s high-performance chargers more accessible and easier to scale. “This partnership removes the biggest barrier to rapid infrastructure deployment, access to capital,” said Gilbert Khawam, Vice President of Power & e-Mobility Products at Nidec Conversion. “Together, we’re empowering operators across Europe to scale up charging networks efficiently and sustainably.”

The launch comes as the EU pushes to expand fast-charging networks along highways and in urban areas to meet its 2030 climate targets. According to the International Energy Agency, the number of fast-charging points in Europe grew by more than 35 per cent last year, yet the network remains far from sufficient to meet projected demand.

By combining technical expertise with innovative financing, Nidec and BNP Paribas hope to create a model that bridges the gap between policy ambition and market capacity. Analysts say the partnership could inspire similar collaborations aimed at scaling green transport infrastructure globally.

Challenges persist, including grid capacity and uneven regional coverage. Still, both partners see the move as part of a broader effort to build the “energy backbone” of Europe’s transition to zero-emission mobility.