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BP Says Not All Electric Car Chargers Are Profitable Yet
- Oil giant aims to install 70,000 vehicle chargers by 2030
- Electric charging part of a suite of BP’s energy services
A vehicle charges at a BP refueling station in London.
Photographer: Luke MacGregor/BloombergThis article is for subscribers only.
BP Plc isn’t turning a profit yet on all its car-charging stations, but the U.K. oil giant expects that to change as more electric vehicles come onto market.
“I would not say we are breaking profits in all spaces there,” Christian Girardeau, electrification director at BP, said Tuesday at the BNEF Summit in San Francisco. But he added the company has been able to make money through energy delivery through its EV partnerships. “Just on the energy side,” he said, “we are more in the black than in the red.”