The journey towards electrification of transportation is unstoppable. In a world where people increasingly prefer electric vehicles (EVs), the need for convenient, efficient, and reliable charging facilities is crucial. To address this need, BP recently announced its plans to acquire ultra-fast charging hardware units in the U.S. from Tesla for $100M. The move is part of BP’s ambition to expand BP Pulse public network across the U.S., bringing reliable and easy-to-use charging options for EV drivers.
BP’s acquisition of Tesla’s ultra-fast chargers is a strategic move to establish itself as a major player in the U.S. EV charging market. The deal will enable BP to install Tesla’s 250 kW charging hardware units at key sites across the BP family of brands, including TravelCenters of America, Thorntons, ampm and Amoco, as well as at BP’s Gigahub charging sites in major metropolitan areas and at third-party locations such as Hertz locations. The Tesla chargers will be operated and branded under BP Pulse.
The Magic Dock compatibility of Tesla’s chargers with both North American Charging Standard and Combined Charging System connectors gives BP an edge, as it can cater to a broader spectrum of customers.
The deal aims to expand BP Pulse’s coverage in five key locations -Chicago, Houston, Los Angeles, Phoenix, and Washington, D.C. The aim is to provide fast and reliable charging infrastructure that would encourage more people to use EVs as a mode of transportation.
BP’s $1B plan to invest in America’s EV charging infrastructure by 2030 is a bold step in promoting clean energy and addressing climate change. This move underscores BP’s commitment to generating, transporting, and providing low-carbon energy solutions to meet the growing demand for sustainable mobility.
The mega-investment plan aims to install more than 100,000 charging points globally and invest $500M in the next 2-3 years.
BP Pulse’s EV charger network already has over 27,000 charging points globally, with installations at workplaces, public sites, and homes. The network has already facilitated approximately 230,000 charging sessions per month globally.
The roll-out of Tesla chargers is expected to further enhance the reliability and efficiency of BP Pulse EV chargers, enabling drivers to quickly charge their EVs and continue with their journey.
BP’s $100M deal with Tesla is a significant move in the U.S. EV charging infrastructure market. This strategic acquisition of Tesla’s ultra-fast chargers will significantly expand BP’s presence across the U.S. and provide customers with world-class charging services. The deal is aligned with BP’s larger goal to invest $1B in the EV charging infrastructure to promote clean energy and mitigate climate change. BP’s commitment to developing carbon-neutral solutions at scale is commendable, and such initiatives would pave the way for a cleaner and greener future.
