Swiss technology giant ABB has released information about the fastest electric vehicle charger in the world, promising that it will be available in Europe by the end of 2021. The company, which is valued at $2.6 billion, reports that the new Terra 360 charger can charge four vehicles at once, meaning drivers will no longer have to wait in queues or wait as long as they did previously. The charger can charge any electric vehicle in 15 minutes.

Since 2010, when ABB entered the e-mobility business, anticipating the growing demand for chargers, the company has sold more than 460,000 electric vehicle chargers in at least 88 different markets.