Tesla makes first deal with oil giant BP
The dirty fuel industry is starting to take notice of the increasing presence of electric vehicles in the automotive market, and oil giant BP has taken steps to make the most of this popularity.
BP announced in a statement that it has signed an agreement with Tesla that will provide $100 million worth of Supercharger hardware to gas stations and third-party locations in the United States.
While the technology will be Tesla’s, BP is packaging the fast-charging stations for electric cars under its own brand, BP Pulse.
“The investment will facilitate the expansion of the public bp pulse network across the United States, while enabling support for electric vehicle fleet customers by installing chargers at their private depots,” the statement read.
BP also said that this is the first time that Tesla’s ultra-fast charging hardware has been purchased for the purpose of establishing an independent charging network.
The oil company added that Pulse chargers will be compatible with vehicles that have both Combined Charging System and North American Charging Standard connectors.
Tesla’s senior director of charging infrastructure, Rebecca Tinucci, said in the statement: “At Tesla, we are driven to enable great charging experiences for all electric car owners.”
Tinucci continued, “Selling our fast-charging hardware is a new step for us, and one we want to expand to support our mission to accelerate the world’s transition to sustainable energy.”
“It was only a matter of time before charging stations started appearing at actual gas stations,” said one user. “The use of electric cars is only increasing, and if companies like BP want to continue to future-proof their business, adopting a strategy like this was the smart thing to do.”
“These offers are the future of charging points,” added another.
According to data from Cox Automotive, shared by Reuters, electric car sales in the US in the third quarter of 2023 were 50% higher compared to the same period a year ago. Electric cars accounted for a record 7.9% of car sales in this period.
While Tesla’s share of the electric car market fell from 62% in the first quarter to around 50% in the third quarter, it still sold 300,000 models from July to September, according to Reuters.
With increasing electric car sales, the dirty fuel industry must adapt to the change. Hopefully, this is a sign of what’s to come, with more and more internal combustion engine machines being set by alternative models that produce zero planet-warming pollution while on the road.
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