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> I don't understand why the oil companies haven't gotten on board Depends on the energy company. Some like BP, Chevron, and Idemitsu Kosan began investing fa
by alephnerd 2y ago
> I don't understand why the oil companies haven't gotten on board
Depends on the energy company.
Some like BP, Chevron, and Idemitsu Kosan began investing fairly heavily in renewables and battery technology (eg. ownership in solar development, owning and licensing battery and charging IP, etc) for diversification reasons.
Others did not, and don't want to end up paying competitors.
Furthermore, gas stations are themselves just franchises so the franchisee might have to eat the cost of installation.
Chevron owns Chargepoint so they were able to scale charging infra to their stations, but other competitors might not want to subsidize Chevron corporate and leave it to the franchise.