TSLA - EG Group Partners With Tesla For Major EV Charging Expansion In Europe | Benzinga
In a significant advancement for the European electric vehicle (EV) landscape, UK-based petrol station operator EG Group is set to acquire ultra-fast charging units from Tesla Inc. (NASDAQ:TSLA) to broaden its EV charging network across the continent.
What Happened: According to a Reuters report, EG Group, owned by the billionaire Issa brothers, aims to boost its charging network from the current 600 to more than 20,000 chargers at its own sites over time.
This strategic decision aligns with the UK’s ambitious goal of achieving net-zero emissions by 2050, necessitating an expanded public charging network to accommodate the growing shift to electric vehicles. As of October 1, the UK had just over 49,000 public EV charging devices installed, as per government data.
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The “open network” Tesla chargers that EG Group is buying will be accessible to all drivers, irrespective of their vehicle brand. Rebecca Tinucci, Tesla’s ...