Tesla and EG Group Ink Deal to Roll Out EV Charging Stations Across UK and Europe
The Issa Brothers' EG Group to Expand Charging Network to Over 20,000 Chargers
- EG Group, owned by the billionaire Issa brothers, has signed a deal with Tesla to roll out ultra-fast charging outlets for electric vehicles (EVs) across their petrol station empire in the UK and Europe.
- The chargers, to be named 'Evpoint', will be able to charge about 80% of a car's battery within around 20 minutes and will be compatible with a range of EVs from many manufacturers.
- The deal is part of EG Group's strategy to reach net zero by 2050 and improve the EV charging infrastructure, which has been lacking in recent years.
- This is Tesla's second major deal in recent weeks, indicating a significant shift in the company's approach to its charging infrastructure.
- EG Group plans to expand its charging network from over 600 chargers currently deployed to more than 20,000 chargers at its own sites over time.