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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

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

UK businesses making the effort to reduce energy consumption

Porsche has called time on diesel

China and India are way ahead of Western economies with solar generation

BMW taking reservations for new fully electric car

Mercedes Benz teases its first foray into the EV market

Germany to be the distribution hub for Russian gas

ICE vehicles to be charged £130 for entering seven busy London streets

London to hit diesel cars even harder

Nuclear waste could be dumped under our National Parks

Porsche names its all-electric Mission E the Taycan

Mypower interview on BBC Radio Gloucestershire

EU judges uphold decision for UK to subsidise Hinkley Point

Germany in the pocket of the Russians due to imported gas dependency

There is no doubt about the direction of electricity prices

Electrifying the expanding number of delivery vans makes perfect sense