Tesla has applied for a licence to supply electricity to British homes, aiming to enter the UK energy market dominated by major firms. If approved by Ofgem, Tesla could provide electricity in England, Scotland, and Wales as early as next year. Tesla currently operates a power supply service in Texas, which allows users to charge EVs at lower costs. The application coincides with a notable decline in Tesla's EV sales in Europe, facing increased competition from rival manufacturers, especially BYD from China.
If approved by the energy watchdog Ofgem, it would allow Tesla to take on the big firms that dominate the UK energy market to provide electricity to households and businesses in England, Scotland and Wales as soon as next year.
Tesla Electric already operates a power supplier in Texas that allows owners of its EVs to charge their cars cheaply and pays them for feeding surplus electricity back to the grid.
The Ofgem licence application comes as Tesla's EV sales have fallen across Europe in recent months.
Tesla has faced tough competition from rival EV makers, especially China's BYD.
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