While Chevron’s focus clearly remains on oil and gas, the company is following a trend of sorts in the industry as the price of battery-fuelled cars shrinks.
Tuesday 21, May 2019
(Bloomberg) --Chevron is offering electric car charging ports at a handful of gasoline stations in its home state of California. The fast-charging spots, located at five stations in the Los Angeles and San Francisco Bay areas, are being installed by EVgo, which has a car charging network that spans 34 US states.
In January, Royal Dutch Shell agreed to buy Greenlots, which will make it the first oil major to own a US-based charging service.
Alice Flesher, GM of Chevron’s Motor Fuel Stations, said, “We are always exploring how to evolve our offering, helping improve the consumer experience and working to remain the preferred brand choice on the West Coast.”
In November, Chevron was among the investors in ChargePoint, one of the largest operators of electric-vehicle charging networks.
Still, Chevron’s moves do not look to make much of a dent in the demand for car-charging in California. By the end of last year, the state had registered 273,656 electric cars, almost half the total number in the US.