BP says its EV charging stations about as profitable as conventional gas stations

[Yo_Mama_Been_Loggin]

But the company does have an ambitious target for electric vehicle charging points, which already number 13,000. BP plans to grow this number to 100,000. And it turns out, they’re about as profitable as conventional gas stations.

That’s according to BP CEO Bernard Looney on the company’s conference call presenting fourth-quarter results.

“We’re at the stage where the margins are equivalent. We probably think that they can get better,” Looney said, according to a transcript from FactSet. He didn’t quantify what those margins were.

He noted the utilization rate at its Hammersmith charging station in West London is 67%. “Many of the assumptions that people have in their plans are around single-digit utilization rates,” said Looney.

https://www.msn.com/en-us/money/companies/bp-says-its-ev-charging-stations-about-as-profitable-as-conventional-gas-stations/ar-AATC095

[TomSlick]

2. Or how long it takes?

[TomSlick]

4. I'm with you.

If I drive an EV on a trip longer than its range, can I "refill" on the way at a reasonable price and a reasonable investment of time.

[multigraincracker]

5. I see Teslas are having problems

Keeping the car warm in very cold weather. Not enough defrost. Include heated seats and range goes way down.

They have a ways to go for Northern drivers.

[Finishline42]

7. Must be doing something different for the EV's that get sold into Norway

Google on EV's in Norway

EVs have steadily accrued market share in Norway, going from 42 percent of new sales in 2019 to 54 percent in 2020 to 65 percent in 2021. Plug-in hybrids accounted for another 22 percent of sales last year, while non-plug-in hybrids made up just 6 percent. Only 8 percent of cars sold were gas or diesel powered.Jan 3, 2022

[NNadir]

8. Norway has cheap electricity because they've destroyed lots of rivers to get it.

In Norway, they depend almost exclusively on hydroelectricity for electric power, and the export of dangerous petroleum and dangerous natural gas for wealth.

Like that coal burning hellhole Germany, they're "green," like US dollars.

Like the other "renewable energy" paradise in Europe, Denmark, they have no intention in Norway to stop off shore drilling of stuff, oil and gas, to screw up all future generations, basically, forever.

They like to mumble that it's "transitional."

Norway doesn't however, have cobalt supplies, and like everyone else buying into the very, very, very, very dubious belief that electric cars are a good idea, they have no idea about whence the cobalt in them comes or when it might no longer be available.

There is no limit to the obscenity of the bourgeois "electric car" fantasy, but there are very distinct limits on the elements that go into them, covering about 80% of the periodic table, odd stuff, dysprosium, indium, and - God bless them - even some gold.

Not to worry, future generations can wade deep into our waste piles to try to scratch out a living in a world with near 500 ppm, maybe even more, of the dangerous fossil fuel waste carbon dioxide in the atmosphere because we sat on our selfish bourgeois asses, picking lint out of our navels and carrying on about how our electric cars were "green." After all, most electric car ads show wind turbines, don't they? They're great those electric cars, aren't they? One can drive in them to Walmart at Christmas time and buy Sierra Club Calendars and then head out to the airport, fly to Cancun, where we can discuss our deep concern about climate change over Pina Coladas.

The ethical contempt is mind boggling.

History, should history even exist, will not forgive us, nor should it.