The acquisition "supports delivery of BP’s convenience and EV charging growth engine target of more than $1.5bn EBITDA in 2025 and aim for more than $4bn in 2030," the oil giant said in the release. In a tweet, BP also touted it as helping "open doors to national on the go EV charging."BP has said its goal is to grow its global EV footprint by 2030 to over 100,000 charging points, about 90% of which it wants to be "rapid" or "ultra-fast.
BP logo and stock graph are seen through magnifier displayed in this illustration taken, September 4 2022. REUTERS/Dado Ruvic/Illustration Meanwhile, TravelCenters of America recently said that over a five-year time span, it is seeking to put in place approximately 1,000 chargers. It is buying the EV chargers for 200 locations as part of an agreement with Electrify America that TravelCenters unveiled in January.
Awesome
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Energy Energy Latest News, Energy Energy Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
BP to buy TravelCenters for $1.3 bln in U.S. fuel retail driveBP will buy truck fueling provider TravelCenters of America Inc for about $1.3 billion, the companies said on Thursday, as the British energy giant seeks to expand its retail network in a bet on biofuels and electric vehicle charging.
Source: Reuters - 🏆 2. / 97 Read more »
Factbox: Potential winners and losers from the new U.S. EV charging standardsThe Biden administration announced new standards for building out a national electric vehicle charging network on Wednesday as part of a push to accelerate the adoption of electric vehicles (EVs).
Source: Reuters - 🏆 2. / 97 Read more »
Factbox: FACTBOX Potential winners and losers from the new U.S. EV charging standardsThe Biden administration announced new standards for building out a national electric vehicle charging network on Wednesday as part of a push to accelerate the adoption of electric vehicles (EVs). 3500 Superchargers open to all by 2024, perhaps 1/10 of total Supercharger stations in the US by then, will either be a wash in terms of losing any competitive edge or attract some buyers to Tesla once they experience how seamless the travel charging experience can be.
Source: Reuters - 🏆 2. / 97 Read more »