Tesla Strikes $100 Million Deal with BP to Revolutionize EV Charging Infrastructure Across the U.S.
America ı By Jackie Allen
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In a groundbreaking development, Tesla, the pioneering electric vehicle (EV) manufacturer, has secured a $100 million deal with BP, the multinational oil and gas giant. The agreement outlines the acquisition of Tesla's ultra-fast charging units, a game-changing initiative that will reshape the landscape of public EV charging infrastructure across the United States.
Tesla CEO, Elon Musk has been aggressively sharing the Tesla charging connector with other Electric Vehicle companies. This latest move will expand the fast-charging technology to a third party.
This latest collaboration with BP represents a significant milestone in expanding fast-charging capabilities to third-party entities, marking a substantial stride toward enhanced EV accessibility.
BP, a globally recognized oil and gas conglomerate headquartered in London, England, stands as one of the foremost "supermajors" in the energy industry and one of the largest corporations worldwide.
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Tesla fast-charging technology
With over 111,000 TravelCenter stations sprawled across the United States, BP is primed to leverage Tesla's cutting-edge charging technology to bolster its public charging network.
BP has officially announced its intention to invest $100 million in procuring Tesla's ultra-fast chargers. This investment signals the inaugural integration of Tesla's charging infrastructure within an autonomous and independent charging network.
Notably, BP has already installed a fleet of 27,000 EV chargers throughout the United States.
The company has ambitious plans to funnel up to $1 billion into the expansion of EV charging infrastructure in the U.S. by the year 2030, spearheaded by its BP Pulse unit.
As part of this vision, the chargers furnished by Tesla will be strategically deployed across BP Pulse's charging network, encompassing BP-affiliated entities such as Amaco Corp., Thorntons, and Ampm. These chargers will also grace third-party locations, including Hertz rental car establishments.
The fast-charging stations will find a home at vital TravelCenters of America locations. This is a project that had been initiated by the Westlake, Ohio-based company before it was acquired by the British energy behemoth for $1.3 billion in May. The vision originally entailed the installation of 1,000 chargers at 200 locations along major highways over the next five years.
BP Announcement
BP confirmed that the initial deployment of these charging units is slated to commence in key metropolitan areas, including Houston, Phoenix, Los Angeles, Chicago, and Washington, D.C., in the coming year.
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