EG Group Expansion Plans
EG Group, led by the Issa brothers, known for their Asda ownership, is set to expand its European EV charging network significantly. This expansion involves the acquisition of Tesla’s ultra-fast charging units, aiming to escalate the count from 600 to over 20,000 chargers at EG sites.
Tesla’s “Open Network” Initiative
Tesla’s chargers, forming an “open network,” will welcome all EV drivers, regardless of their vehicle’s brand. The rollout of these chargers is scheduled to commence before year-end, with specific details on the total cost and completion timeline pending disclosure.
Rebecca Tinucci, Tesla’s senior director of charging infrastructure, emphasized the crucial role of swiftly deploying reliable and user-friendly EV charging infrastructure for a sustainable future.
Aligned with British and European climate targets, the automotive industry stresses the urgency of expanding public charging networks to incentivize electric vehicle adoption. Tesla’s decision to open a section of its U.S. charging network to rival EVs, as part of a significant federal program aimed at enhancing EV use and reducing carbon emissions, underscores this shift.
Recent Industry Developments
Recent developments include BP’s EV charging unit investing $100 million in Tesla ultra-fast chargers for its U.S. network. Additionally, Ford has revised its plans to incorporate more of Tesla’s superchargers into its EV charging network.
As of October 1, government data indicated just over 49,000 public electric vehicle charging devices installed across the UK.
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