Large oil companies are entering the field of electric car charging

With electric cars gaining more and more sales, charging points are a big issue that needs to be addressed quickly in every corner of the globe. Major car manufacturers have pledged to produce only purely electric vehicles very soon, as they recognize that electric drive is the future and a one-way street for them.

The new Euro7 emission standards that will apply from 2025-2026 will change the balance in the automotive field and will make internal combustion engines particularly expensive and therefore conventional cars more expensive.

Today there are several companies that invest in the charging of electric vehicles, as every month electric cars increase and can through the sale prices of electricity to make goodwill. Seeing that there is a lot of room for growth in the game of energy coverage, the big oil companies are preparing to enter and will use the gas stations as their base.

British Petroleum (BP) plans to install fast chargers at most refueling points very soon. Although the company does not see any profit in its plans until 2025, nevertheless the investment will start to pay off from 2026 onwards. “If I compare a fuel tank to a fast charge, I think a company will want a quick charge,” said Emma Delaney, BP’s chief customer and product manager.

For example, BP claims that electricity sales increased by 45% in the third quarter of 2021 compared to the second quarter of the same year. According to a Reuters report, BP intends to greatly expand its network. Today there are about 11,000 chargers and they will increase to 70,000 by 2030.

One of BP’s main competitors, Shell, wants to increase charging points, aiming to become a leading force in the field of electricity supply for electric cars. It aims to generate 500,000 charging points worldwide by 2025. It recently launched the first large fast charger in London that can charge an electric car battery in 10 minutes.

What is required is that the quick chargers that are currently placed in the various charging points be large. Most companies install chargers up to 22KW and a few 50KW. But technology is evolving and 50KW chargers are now small and useless in time, as a 77 KWh battery will need to be charged to 80% in over an hour. All this when the batteries will increase their capacity very soon, they should be charged in a fast charger to minimize the charging time. Because in the future it is important that in 10 minutes or 15 minutes a battery is charged up to 80% by fast chargers, so that the electric car can complete a long journey faster, without the driver having to wait for a long time at the charging point .

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