The automakers involved in the joint venture expect the first cars capable of 350-kw charging to start arriving in 2018.
The companies have signed an initial agreement to create the charging network in what they said is an "unprecedented collaboration".
By 2020 the customers should have access to thousands of high-powered charging points along highways and major thoroughfares for vehicles using CCS, says BMW.
"The breakthrough of e-mobility requires two things: convincing vehicles and a comprehensive charging infrastructure", Daimler's Dr Zetsche said.
It's starting to feel like the tipping point for mainstream uptake of electric cars is nearly upon us, despite no real disruptive advances in battery technology, and the news of a new high-speed recharging network across Europe will only speed up the acceptance of BEVs.
The joint venture will bring the same charging experience now enjoyed by Tesla drivers to owners of all other electric vehicles.
Other automakers will be encouraged to participate in the project to help establish convenient charging solutions for electric vehicle owners. The charging experience is expected to evolve to be as convenient as refueling at conventional gas stations.
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The four founding companies will put "substantial investments" into the network, each enjoying equal partnership.
That, together with the recent announcements for numerous EVs over the coming years, shows they have finally chose to join Tesla, instead of trying to ridicule its efforts.
The network will be used to help electric auto owners drive long distances along major routes in "almost all" European countries, and offer power levels of up to 350kW, more than double that of Tesla's Supercharger network. "With this cooperation, we want to boost broader market adoption of e-mobility and speed up the shift toward emission-free driving".
"There are two decisive aspects for us: ultra-fast charging and placing the charging stations at the right positions", says Oliver Blume, Chairman of the Executive Board of Porsche AG. The electric vehicles engineered to accept this kind of power supply can recharge itself at these open-network stations in a matter of minutes. The alarming lack of infrastructure is often cited as a reason why electric vehicles are having a hard time gaining ground on the other side of the pond. The Paris Accord on climate change in 2015 also saw 195 nations agree that the world faces a deadline to slow the rate of global temperature increase.
These are truly unique times in the history of motorized transportation.