BP is investing £1bn in charging electric vehicles in the UK over the next ten years, a move described as ‘rolling out fast, convenient charging’.
The investment by bp pulse, bp’s EV charging companywill enable it to deliver faster and ultra-fast chargers to key locations while expanding products and services to fleet and home users.
“This £1 billion investment is vital to provide the charging infrastructure the UK needs,” said Richard Bartlett, senior vice president of bp pulse, in a statement. “We are investing to build a world-class network. This investment will enable us to deliver more fast charging in dedicated hubs and existing fuel and convenience sites, more home charging services and critical improvements to our digital technology that will make charging fast, convenient and reliable.”
The investment will triple the number of public charge points in bp pulse’s network and accelerate the rollout of ultra-fast 300 kW and 150 kW charge points that provide EVs with a range of 100 miles in approximately 10 minutes.
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Transport Secretary Grant Shapps said: “I am delighted that bp pulse is supporting the transition to cleaner vehicles as we accelerate towards our net-zero ambitions and boost green jobs in the UK.
“Convenient, reliable and affordable charging is key to our green revolution and this investment from bp will make it easier for drivers across the country to drive electric.”
BP pulse is part of bp’s integrated UK business portfolio, which includes plans to develop up to 5.9 GW gross offshore wind capacity in the Irish Sea and North Sea and plans to produce 1.5 GW of low-carbon hydrogen at Teesside, 30 percent of the UK’s 2030 target, from its H2Teesside and HyGreen Teesside projects.
“Automakers have invested billions in EVs, with more than 150 models now available in the UK in various segments, and consumers are responding,” said Mike Hawes, SMMT chief executive. “Investments like this are essential to give drivers the confidence to switch, and we need to see the full variety of charging locations – the highway, at work, destinations and especially street charging, if we want to decarbonise road transport.”