Issa brothers' EG Group acquires Tesla’s ultra-fast chargers

British gas station operator EG Group will acquireultra-fast electric vehicle (EV) chargers from manufacturer Tesla in a move aimed at enhancing electric vehicle charging throughout Europe.

The chargers will be branded “evpoint” and will leverage Tesla’s industry leading technology. The hardware will operate on an open network basis, meaning that all drivers will be able to access evpoint chargers regardless of the brand of vehicle they drive, EG Group stated on Monday (13).

The chargers will also support the Plug and Charge protocol, which simplifies and automates payments. The first of the new charger units are expected to be rolling out before the end of the year.

EG Group, under the ownership of the billionaire Issa brothers, who also control the UK supermarket chain Asda, plans to significantly grow its charging network. The expansion will see the deployment of over 20,000 EV chargers at its existing sites, a substantial increase from the current 600 units in operation.

Zuber Issa CBE, Founder and co-CEO of EG Group, said: “Securing this best-in-class equipment from Tesla marks another milestone for evpoint and is hugely exciting for us. It is the first deal of its kind entered into by Tesla with a third-party charge point operator in Europe and will transform how our customers charge their vehicles and how they interact with EG. Since installing our first EV charger back in 2012, we have continued to invest in the technology. This deal will accelerate the delivery of vital charging infrastructure for motorists to help power the transition to Net Zero.”

Rebecca Tinucci, Tesla’s senior director of charging infrastructure, said: “The rapid installation of reliable, easy-to-use EV charging infrastructure is the right step towards a sustainable future and a key area of focus for us at Tesla.