SAN FRANCISCO, July 10 (Reuters) - A unit of BP
signed a deal with mall owner Simon Property Group ( SPG ) to
install and operate more than 900 high-speed electric-vehicle
chargers at 75 sites across the United States, the companies
said on Wednesday.
The first locations with chargers from BP Pulse will be open
to public in early 2026 and support vehicles from nearly all EV
makers, the companies said in a joint statement.
The deal, one of the largest in EV charging for the global
oil giant, comes amid a broader slowdown in demand for EVs as
high interest rates meant to control inflation have soured
consumer sentiment for battery-powered vehicles, which are
typically more expensive than gas-powered counterparts.
"We continue to believe that the U.S. will be a substantial
EV market," Sujay Sharma, CEO of BP Pulse Americas, said in an
interview with Reuters, but declined to disclose the financial
terms of the deal.
Sharma said the company was working on more such deals.
BP Pulse has more than 39,000 EV charge points globally, the
company said, and plans to have 100,000 points by 2030.
The oil major has been expanding its footprint through deals
with other companies such as Hertz, and also acquired
truck fueling provider TravelCenters of America last year to
expand its retail and charging network.
"I think in the short term there may be some demand
slowdown," Sharma said. "(But) we think the consumers are out
there. We think the growth is out there long-term. We take that
long-term outlook and we invest for that."
Last year, BP Pulse made plans to invest $1 billion in
America's EV infrastructure by the end of the decade.
However, the company axed more than 100 jobs, or over 10% of
its global workforce, and also pulled its electric vehicle
charging business out of several markets, sources told Reuters
in April.