In a major development for the electric vehicle (EV) charging infrastructure market, EG Group, a British operator of fuel stations, has announced that it will acquire Tesla's electric vehicle ultra-fast chargers for its evpoint business. This is the first deal of its kind in Europe and marks a significant expansion of Tesla's charging network beyond its own branded stations.
EG Group's rapidly growing charging network currently consists of more than 600 chargers across 189 sites, with a goal of deploying more than 20,000 chargers across about 3,600 sites in the United Kingdom and continental Europe. This ambitious plan could make EG Group one of the largest EV charging network operators in Europe.
The deal with Tesla will provide EG Group with access to some of the most advanced EV charging technology on the market. Tesla's Superchargers are known for their speed and reliability, and they are compatible with all CCS2-equipped EVs. The chargers will also support the Plug and Charge protocol, which simplifies and automates payments.
The first Tesla EV chargers in the EG Group's evpoint network are expected to be deployed by the end of this year. This rapid deployment timeline suggests that Tesla is eager to expand its presence in the European EV charging market.
This deal is a major win for both EG Group and Tesla. EG Group will gain access to a network of high-quality EV chargers that will help it to attract and retain customers. Tesla will gain a new customer for its charging hardware and expand its presence in a key market.
The deal is also a sign of the growing importance of EV charging infrastructure. As more and more people switch to EVs, there will be a growing need for convenient and reliable charging solutions. EG Group and Tesla are well-positioned to capitalize on this growing demand.
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