For $100 Million, BP’s Electric Vehicle Charging Business Will Purchase Tesla’s Ultra-Fast Chargers to Install Throughout the US
Date : 25th October, 2023
THE SOIL – According to the firms’ announcement on Thursday, this is the first time that Tesla’s charging stations have been used on their own network.
The acquisition of BP Pulse is a calculated step towards their goal of investing up to $1 billion in the development of charging infrastructure across the United States by 2030. For Tesla, a major player in the electric vehicle market, this invention also creates a new revenue stream.
Senior director of Tesla’s charging infrastructure, Rebecca Tinucci, said in an official statement, “We’re excited to explore this avenue further. We’re venturing into uncharted territory by offering our high-speed charging equipment for sale.”
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Tesla Fast Chargers Will Be Available in US Starting in 2024
According to an announcement made by BP, Tesla fast chargers will be available in the US starting in 2024. Through partnerships with companies like Hertz, the rental car firm, which has a separate deal to acquire Teslas for its rental fleet, these chargers will be made available at locations bearing the BP name, such as Travel Centres of America and Amoco, as well as at external sites.
With an initial investment of $100 million, BP’s company that specialises in electric vehicle charging infrastructure is going to purchase Tesla’s state-of-the-art quick charging stations. Both Tesla and its partner companies stated on Thursday that this is the first time that their chargers have been deployed on a separate network.
According to BP’s official release, the first wave of these charging stations will be installed in major American cities like Houston, Phoenix, Los Angeles, Chicago, and Washington.
“This is a major step forward towards our goal of having quick, easily accessible charging infrastructure in the United States,” said Richard Bartlett, CEO of BP Pulse worldwide.
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This is the 1st Time that Tesla's Charging Stations Have Been Placed On An Independent Network
For a statewide expansion in the US, BP’s EV charging business intends to invest $100 million to purchase the most advanced Tesla ultra-rapid chargers. As both firms disclosed on Thursday, this is the first time that Tesla’s charging stations have been placed on an independent network.
With a 250 kilowatt power output, the BP Pulse chargers will be compatible with both the Combined Charging System (CCS) and the North American Charging Standard (NACS) connectors. This adaptability will make it possible for electric cars from different manufacturers to be charged, increasing their attractiveness to a larger group of customers.
Automobile makers have been adopting Tesla’s NACS technology more and more, pushing Elon Musk’s company’s superchargers closer to the mainstream and eventually displacing the rival CCS standard.