Electric Vehicle

BP enters into an agreement to purchase Chargemaster

BP aiming to deliver a truly differentiated offer for the country’s growing number of electric vehicle owner, has entered into an agreement to purchase Chargemaster, the UK’s largest electric vehicle (EV) charging company.

Chargemaster operates with over 6,500 EV charging points across the country. It also designs, builds, sells and maintains EV charging units for a wide range of locations, including for home charging.

The number of EVs on the road is anticipated to increase rapidly in coming decades and 2040 BP estimates that there will be 12 million EVs on UK roads, up from around 135,000 in 2017. The development of convenient and innovative EV charging technologies and networks is a key part of BP’s strategy to advance the energy transition.

BP’s UK retail network is well positioned to provide this access with over 1,200 service stations across the country and combining its expertise, experience and assets with Chargemaster will help the company becoming the leading provider of energy to low carbon vehicles, on the road or at home.

A key priority for BP Chargemaster will be the rollout of ultra-fast charging infrastructure, including 150kW rapid chargers capable of delivering 100 miles of range in just 10 minutes. BP customers in the UK can expect to access BP Chargemaster charers on forecourts over the next 12 months.

Source: Press Release

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