Overview

• BP has cut over 10% of its workforce in its EV charging division, BP Pulse, amid a strategic shift.
• The company has reduced its operations from 12 countries to four, concentrating on the US, UK, Germany, and China.
• Despite the cutbacks, BP maintains its commitment to expanding its EV charging network, aiming for 100,000 points by 2030.
• BP's EV charging and convenience stores are projected to generate $1.5 billion by 2025.
• The adjustments are part of BP's broader strategy to enhance profitability and effectiveness in its transition to low-carbon energy.