Bp Axes Jobs and Scales Back Its Ev Charging Business
Electrek 5:35 pm on April 15, 2024
BP, an oil and gas company, is cutting jobs and scaling back its EV charging business due to slower growth in commercial fleet electrification. The company is focusing solely on the US, UK, and China markets, leading to over 100 job losses out of a global workforce of 900. BP aims to have 10,000 charging points by 2030 but has faced setbacks as governments have eased EV adoption mandates and fleets have delayed electrification due to economic pressures.
- BP is cutting jobs and scaling back its EV charging business due to slower growth in commercial fleet electrification
- The company is focusing on the US, UK, and China markets, leading to over 100 job losses
- Despite these changes, BP expects its EV charging and convenience stores to generate $1.5 billion by 2025
- BP had over 2,000 charging points around the world in 2023 and aimed to have 10,000 by 2030
- The company has faced setbacks due to delayed fleet electrification and easing of government mandates for EV adoption
https://electrek.co/2024/04/15/bp-axes-jobs-and-scales-back-its-ev-charging-business/