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BP Grabs The Opportunity to Take Over Tesla's Supercharging Sites

BP’s electric vehicle (EV) charging arm is seizing the opportunity presented by Tesla’s scaling back of its Supercharger team, pledging to invest US$1 billion to expand its network across the US.

With plans to install over 3,000 charging points, including large-scale hubs termed Gigahubs, BP aims to address the growing demand for EV charging infrastructure.

BP’s Billion-Dollar Investment in EV Charging

Sujay Sharma, CEO of bp pulse Americas, emphasizes the company’s readiness to acquire real estate and talent, inviting stranded partners to reach out for collaboration opportunities. Tesla’s recent downsizing of its Supercharger team has created an opening for competitors to bolster their presence in the market. The company said that it:

“is aggressively looking to acquire real estate to scale our network, which is a heightened focus following the recent Tesla announcement.”

Last year, the company entered into an agreement to procure around $100 million worth of Tesla Supercharger hardware, with deployment set to commence later this year and in early 2025.

BP has downsized its electric vehicle charging business by more than 10% and exited several markets due to unsuccessful growth expectations in commercial EV fleets. The 250-kilowatt chargers under the BP Pulse brand will be adaptable to both Tesla’s North American Charging Standard (NACS) and Combined Charging System (CCS) connectors, facilitating the charging of EVs from various manufacturers.

As automakers increasingly adopt Tesla’s NACS, it poses a challenge to the rival CCS, potentially positioning Tesla’s superchargers as the industry standard.

BP pulse is a crucial part of bp’s strategy to become a net zero company by 2050 or sooner.

Filling the Gap Left by Tesla’s Downsizing

Elon Musk recently made the decision to reduce Tesla’s Supercharger team, signaling a slower pace of growth for the EV charging network. This move raises concerns about the progress of charging infrastructure and EV adoption in North America. 

BloombergNEF estimates that the region will require 400,000 ultra-fast chargers by 2030 to accommodate 40 million EVs. Presently, Tesla holds a significant share, accounting for 74% of all high-speed chargers in North America.

Tesla supercharger downsizing Bloomberg

Two years ago, Musk said that Tesla aimed for a 10% profit margin from its network. Recently, BNEF estimated that the company could potentially reach $740 million in annual earnings from charging by 2030, representing around 8% of the company’s overall profit last year.

Despite Tesla’s dominance in the high-speed charging sector, competitors like BP see an opportunity to fill the gap and gain market share. BP’s proactive approach includes procuring Tesla supercharger hardware and seeking to onboard former Tesla employees to support its expansion plans.

Other companies, such as EVgo, also view Tesla’s slowdown as a chance to increase their market footprint. CEO Badar Khan sees this shift in the competitive landscape as favorable for companies like EVgo to step up and fulfill the growing demand for EV charging infrastructure.

Bp’s move aligns with the broader industry plan of the Biden administration. 

Accelerating EV Infrastructure in the US

The United States government is allocating an impressive $623 million to accelerate the expansion of EVs as part of its efforts to transform the transportation sector. These grants, made available through the 2021 Bipartisan Infrastructure Law, are intended to facilitate the widespread adoption of EVs across the country.

Despite there being over 4 million electric vehicles currently on American roads, progress in developing the EV charging infrastructure has been sluggish. Only New York and Ohio have operational charging stations, with Pennsylvania and Maine expected to launch their own stations this year.

Globally, around 11 million EV units were sold last year, and the EV market is projected to reach a remarkable $623 billion in sales in 2024, encompassing both battery electric vehicles and plug-in hybrids. This growth trajectory is expected to continue, with the market volume reaching $906 billion by 2028, accommodating 17 million vehicle units.

The grant aims to enhance the accessibility, reliability, and convenience of EV chargers for American drivers, while also fostering job creation in charger manufacturing, installation, and maintenance sectors.

With Tesla’s Supercharger downsizing creating an opening in the market, BP is stepping up its EV charging expansion efforts in the US, backed by a substantial investment. The move aims to address the growing demand for EV charging infrastructure. And it also aligns with broader government initiatives to accelerate EV adoption and infrastructure development.

The post BP Grabs The Opportunity to Take Over Tesla’s Supercharging Sites appeared first on Carbon Credits.

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The Strategic Case for Nature-Based Carbon Investments

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Nature-based carbon investments deserve consideration when they address a specific business dependency and produce outcomes you can measure. Imagine Moonbucks, a global coffee roaster planning next season’s espresso blend. It is considering natural Grade 4 coffee from Jimma, in southwestern Oromia, Ethiopia. Its sourcing decisions affect the roasting schedule and the cash tied up in coffee purchases. Moonbucks needs to understand which measures could protect that supply, what they would cost and how it would judge the results.

1. Define the sourcing problem before choosing a project

Moonbucks needs a dependable component for its espresso blend. Its procurement team wants continuity of volume and an agreed cup profile. Replacing a shipment at short notice could require new sample approval and changes to the blend, and given the schedules for cultivation, processing, and freight delivery, is practically impossible. Moonbucks needs to get this right, and its initial concern is inconsistent deliveries. It commissions an assessment of the supplying farms and post-harvest chain. The questions cover land condition, harvest availability and whether drying or storage problems are affecting saleable lots.

This distinction changes the investment brief. A tree-planting proposal cannot be assumed to fix drying problems. Better storage cannot restore eroded land. The team must establish which problem exists before selecting the response.

CCC’s guide to finding nature-based solutions in your supply chain explains where to look. Here, the next task is to turn a broad concern into a testable proposal.

2. Develop nature-based carbon investments around the actual supply chain

The assessment would trace Moonbucks’ purchases back through the exporter and supplying producer groups. Which farms supply the contracted lots? Who controls land-management decisions? How long does the buyer expect to maintain the purchasing relationship?

Furthermore, Jimma natural Grade 4 cannot be treated as interchangeable with every Ethiopian coffee. Moonbucks would need to test any substitute against its own blend and quality requirements.

Suppose Moonbucks’ assessment identifies an opportunity to maintain shade trees and restore vegetation along exposed streambanks. The IPCC describes agroforestry as a way to store carbon in vegetation and soil, with potential benefits for erosion control and water quality.1 Moonbucks would need local advice on species, growing conditions and maintenance before deciding how these measures fit its sourcing plan.

The proposal now has a defined sourcing connection and a candidate intervention. The next steps are to test its effect on production, assess carbon eligibility and build the financial case.

3. Compare the proposal with other ways to protect supply

WBCSD’s Nature-based Solutions Blueprint recommends comparing nature-based options with other responses across their benefits and costs.2 For Moonbucks, that means evaluating the landscape proposal alongside drying improvements, storage controls and alternative sourcing arrangements.

The product’s natural-process designation matters. Moonbucks should examine the drying and dry-milling chain alongside land conditions. Its team would check storage practices, contamination risks and incoming-lot quality to see whether problems arise before or after the coffee leaves the farms.

The revised proposal might combine land stewardship with separate post-harvest controls. Each component needs its own purpose and budget. A sustainability label should not obscure which activity is expected to solve which problem.

The project develops as the evidence improves. Its scope should follow the diagnosis rather than preserve the first idea unchanged.

4. Establish what the carbon outcome could count toward

Moonbucks’ sustainability team now tests the proposed carbon case separately from the sourcing case. Is the objective a measurable change in Moonbucks’ value-chain emissions, verified credits for separate voluntary use, or distinct outcomes under carefully defined arrangements?

Scope 3 covers value-chain emissions. A purchasing relationship alone does not prove that a farm intervention can be included in Moonbucks’ inventory. The team needs an applicable accounting method, defensible boundaries and evidence supporting attribution.

SBTi’s FLAG Guidance (forest, land and agriculture), version 1.2, says purchased credits used as offsets cannot meet near-term FLAG or energy and industry targets. Eligible land-based removals are subject to accounting requirements.3 Moonbucks needs to test its proposal against those rules before including an outcome in its targets.

For Moonbucks’ Jimma proposal, maintaining existing trees and establishing new vegetation could involve different carbon questions. Specialists must examine the baseline and additionality, meaning what changes because the project proceeds. They must also assess measurement and the risk that stored carbon is lost. CCC’s MRV and additionality article introduces those tests.

Until that work is complete, Moonbucks should not budget an assumed Scope 3 reduction or credit-sale receipt. Direct emissions reductions remain the priority.

5. Build a financial case that survives weaker assumptions

Moonbucks’ finance team would now build a multi-year budget. UNEP’s State of Finance for Nature 2023 compares current finance with the investment needed to meet climate, biodiversity and land-restoration goals.4 The company would cost its proposed activities, farmer participation and ongoing monitoring. Verification, where required, is a separate expense. Maintenance and responsibility for replacing failed plantings must remain visible after the initial establishment budget ends.

Operational benefits need equally careful treatment. If fewer rejected lots reduce emergency purchasing, count that saving once. Do not add “supply resilience” as another financial benefit when it represents the same avoided cost.

Moonbucks should compare a base case with slower benefits, higher implementation costs and no carbon revenue. It should also distinguish production outcomes from quality and shipment outcomes. A single good harvest would not prove that the landscape intervention caused better delivery performance.

A project can remain worth funding even when its carbon case needs more work. That decision must rest on the operational evidence and the company’s objectives, without unsupported environmental claims.

6. Fund a pilot with a clear expansion decision

Moonbucks’ first approval would fund a bounded pilot, rather than commit the entire sourcing program. Before spending, Moonbucks would agree on participating farms, responsibilities and the evidence needed at review.

Its scorecard could track farmer participation, implementation costs and plant survival, alongside accepted coffee volumes and lot-quality results. Carbon measurements would follow the selected method. Farm-level traceability must connect the intervention to the actual sourcing relationship.

Suppose Moonbucks’ review later finds that storage changes explain most quality improvements, while the land measures need longer observation. Those findings would shape the next decision: expand the proven component, adjust the landscape work or pause further spending. They would not justify crediting all improvements to tree planting.

This gives nature-based carbon investments a practical place in a multi-year strategy. Funding increases as the evidence supports it, and the project can change direction before a larger commitment.

Discuss a sourcing opportunity with CCC

Carbon Credit Capital’s nature-based supply-chain investment service uses its Dual-Value Model to examine supply-chain economics alongside potential sustainability outcomes.

Schedule a consultation to discuss your sourcing exposure and the questions to resolve before allocating capital.

Sources

  1. Intergovernmental Panel on Climate Change (IPCC), Climate Change 2022: Mitigation of Climate Change, Chapter 7, Agriculture, Forestry and Other Land Uses, section 7.4.3.3 (Agroforestry).
  2. World Business Council for Sustainable Development (WBCSD), Nature-based Solutions Blueprint, 5 June 2024.
  3. Science Based Targets initiative (SBTi), Forest, Land and Agriculture Science-Based Target-Setting Guidance, version 1.2, March 2026, section 3.1.4, pp. 37–38.
  4. United Nations Environment Programme (UNEP), State of Finance for Nature 2023, 2023.
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Carbon Footprint

How to buy plastic credits, and what to check before you do

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A plastic credit funds the collection of plastic waste in places where no formal system exists to collect it. Each credit represents a measured, independently audited quantity of plastic taken out of the environment or returned to use, tracked on a public registry.

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Carbon Footprint

EU carbon credit claims after 27 September 2026

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EU carbon credit claims changed on 27 September 2026, the day the Directive (EU) 2024/825 began to apply across the European Union. The change is narrow. It changes how a company can talk about the credits it buys. A product can no longer be called neutral on the strength of compensation alone; however, every specific, evidenced statement about what a company measured, reduced, and funded stays fully available.

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