BP plans to expand electric vehicle charging facilities in U.S.

5/16/2024

BP.L sees new opportunities to expand electric vehicle charging facilities in the United States after electric carmaker Tesla disbanded its Supercharger team.

The company said it is actively looking to acquire real estate to expand its charging network.

BP plans to expand electric vehicle charging facilities in U.S.

Previously, Tesla suddenly disbanded its team responsible for the electric vehicle charging business, but company CEO Elon Musk made it clear that Tesla still plans to expand its Supercharger network, but the pace of construction of new sites may be slower. Slowed down somewhat.

BP is highly concerned about this and sees an opportunity to expand its presence in the U.S. market for electric vehicle charging facilities. "We are actively seeking to acquire real estate to expand our network, which is a heightened focus following Tesla's recent announcement," a company spokesperson said in a statement.

BP also revealed that they will prioritize expanding charging facilities in the Northeast, Sunbelt, West Coast, and Great Lakes regions. These areas are areas where electric vehicle usage is large or has great growth potential.

There are different interpretations in the industry regarding Tesla's decision to disband the Supercharger team. Some people believe that this may be a decision made by Tesla to reduce costs, respond to competitive pressure, or make strategic adjustments. However, this decision undoubtedly provides an opportunity for other charging infrastructure providers, such as BP, to enter and expand the market.

At present, Tesla has not yet provided a detailed explanation for its decision to disband the Supercharger team, nor did it immediately respond to requests for comment from relevant media.

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