Global oil and gas companies have begun diversifying into renewable energy and EV charging assets over the past few years and now they’re practically tripping over each other to catch up with Tesla and other EV stakeholders. The latest example is BP, which just put up $5 million to jump into the EV charging market in Europe and the UK.
Okay, so $5 million is a drop in the bucket relative to BP’s size, but when one of the Earth’s sprawling fossil fuel giants puts some serious money into EV charging, that’s a tipping point.
Last summer, BP made some rumbling noises about installing EV chargers at its gas stations, and it looks like this is the solution, or at least part of it.
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