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Energy giant BP bets on electric car boom

Phys.Org    Translate This Article
28 June 2018

On 28 June 2018 Phys.Org reported: British energy major BP on Thursday (28 June) bought the nation's largest electric vehicle charging firm, as it bets on booming demand in the coming decades. The announcement mirrors similar moves by Anglo-Dutch rival Shell and France's Total to expand into the charging of electric vehicles (EVs) which experts forecast will surge in popularity. ... BP meanwhile predicts the number of electric automobiles on UK roads will soar to 12 million by 2040. That contrasts with around 135,000 in 2017. Global Good News service views this news as a sign of rising positivity in the fields of business and science, documenting the growth of life-supporting, evolutionary trends.

'BP announced that it has entered into an agreement to purchase Chargemaster, the UK's largest EV charging company,' the London-listed group said in a statement, adding it would focus on ultra-fast charging that lasts ten minutes for a 100-mile (161-kilometre) range. ...

Chargemaster was founded ten years ago and now operates 6,500 electric car charging points across Britain, making it the number one UK player.

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