BP Reduces Global EV Charging Operations and Workforce

In response to slower than expected EV adoption, BP has cut jobs and scaled back its electric vehicle charging business, focusing on key markets.

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.