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The oil majors are muscling in on the EV charging market

The oil majors are determined that they can replace their upstream refined petrol and diesel revenues by muscling in on the EV charging market. BP’s acquisition of an Israeli fast charging tech firm is the latest in a string of moves by big oil.

This makes perfect sense; they have the forecourt sites already; conveniently located with brands drivers are used to. Replace fuel pumps with fast chargers, add a coffee/Wi-fi/convenience retail offer and those sites stay relevant in the age of declining oil demand.

Margins on selling electricity to EV drivers could be way greater than the thin gruel they make on petrol and DERV. Add solar to the buildings to generate electricity on site and the margins will be huge.

Read the FT story here..

Find out how your business can make similar profits by charging your car from your roof here..

 

 

News Headlines

Rolls-Royce has its eye on an electric plane future

Russian gas exports to the EU are set to rise by a staggering 25% by 2020

Audi has announced another new EV

Coal is King no more

Possible rethink on the plan to withdraw export tariffs from solar generators

More problems with UK nuclear energy have come to light

VW is preparing for an EV future

Spain's 'sunshine tax' is set to be abolished

Italian cities are set to become much more peaceful

Diesel car sales are falling fast, the same can't be said for EVs and hybrids...

EasyJet is trialling a new 9 seat electric airplane

DS Automobiles is the latest to announce a new EV model for 2019

Bentley and Jaguar Land Rover are seeing a decline in profits

How businesses can stop catastrophic climate change and benefit themselves

Stats from the International Energy Agency need to be taken with a pinch of salt

Jaguar Land Rover could be all electric in five to seven years

Scottish Power to only generate wind powered electricity

EDF plan to install 75,000 EV chargers across Europe

Tesla's Australian battery storage installation is already saving millions

Blackstone to invest in African and Asian renewable energy