BP signs deal with mall owner Simon Property for over 900 EV chargers
) to install and operate more than 900 high-speed electric-vehicle chargers at 75 sites across the United States, the companies said on Wednesday.
The deal, one of the largest in EV charging for the global oil giant, comes amid a broader slowdown in demand for EVs as high interest rates meant to control inflation have soured consumer sentiment for battery-powered vehicles, which are typically more expensive than gas-powered counterparts. The oil major has been expanding its footprint through deals with other companies such as Hertz, and also acquired truck fueling provider TravelCenters we think the consumers are out there. We think the growth is out there long-term. We take that long-term outlook and we invest for that."
However, the company axed more than 100 jobs, or over 10% of its global workforce, and also pulled its electric vehicle charging business out of several markets, sources told Reuters in April.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Over 900 Indiana Volunteer Fire Departments to receive upgraded PPE, training centersRachael Wilkerson joined the WRTV family in September of 2021. Rachael comes from NBC 15 in Mobile, AL where she worked as an investigative journalist and fill-in anchor.
Read more »
Dallas Bar Loses Big on Kyrie Drink Special, Serves 900+ Tequila ShotsA Dallas bar bet on Kyrie Irving. And lost.
Read more »
Merging quasars from 900 million years after Big Bang discoveredInterestingly, this is the first confirmed case of two merging quasars in the Cosmic Dawn era of the Universe.
Read more »
Unbearable heat in Saudi Arabia claims 900+ lives at HajjDeaths among Egyptians alone jump to at least 600, bringing total death toll from scorching heat during annual Islamic pilgrimage to 922.
Read more »
Tested: 1981 Saab 900 Turbo Leans into NormalityIn which we discover that notchback thinking is more than skin deep.
Read more »
German gov’t offloads 900 Bitcoin, with 400 BTC sent to Coinbase and KrakenThe German government has sold 900 Bitcoin, worth over $54 million, in three transactions. This move could increase selling pressure, potentially pushing Bitcoin's price below the critical $60,000 mark.
Read more »