BP Boosts EV Charging Network With $100M Order Of Tesla Ultra-Fast Chargers
Portfolio Pulse from Benzinga Newsdesk
BP's EV charging business, bp pulse, has ordered $100 million worth of Tesla's ultra-fast chargers, marking the first time Tesla's chargers will be used in an independent EV charging network. The chargers will be deployed across the bp pulse network, including at key BP, Amoco, ampm, and Thorntons-branded sites, TravelCenters of America locations, and at bp pulse's large-scale Gigahub charging sites. The roll-out is planned to begin in 2024. This deal is part of BP's plan to invest up to $1 billion in EV charging across the US by 2030.
October 26, 2023 | 1:04 pm
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POSITIVE IMPACT
BP's investment in Tesla's ultra-fast chargers for its independent EV charging network, bp pulse, is a significant step towards its goal of investing $1 billion in EV charging across the US by 2030.
BP's significant investment in Tesla's ultra-fast chargers indicates a strong commitment to expanding its EV charging infrastructure, which could potentially attract more customers and increase revenues in the long term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Tesla's deal with BP to supply ultra-fast chargers for the bp pulse network marks the first time Tesla's chargers will be used in an independent EV charging network, potentially opening up new revenue streams.
The deal with BP could potentially open up new revenue streams for Tesla as it marks the first time its ultra-fast chargers will be used in an independent EV charging network. This could also increase Tesla's visibility and reputation in the EV charging market.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100