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PV magazine - Are electric vehicles changing BP's business model?

The article examines how oil and gas giant BP, following the path of its industry rival Shell, is venturing into the electric vehicle (EV) market by acquiring Chargemaster, the largest charge point supplier in the U.K. The move signifies a shift in the business models of traditional energy giants towards diversification and the growing EV landscape. The article outlines the different customer propositions in the EV charging market, including domestic tariffs, public charge networks, enablers/services, and all-in-one mobility bundles. While focusing on the potential of ultra-fast charge points and BP’s efforts to reinforce its position in the EV market, the article raises questions about the role of oil majors in the home charging market and the overall impact on their existing fuel retailing assets.

Read the full article here.

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