BP to invest £1bn in EV infrastructure

BP will invest £1bn in electric vehicle charging in the UK via its Pulse business tripling the number of public charging points in BP’s UK network.

The company intends to make the investment over the next decade helping to meet the fast-growing demand for EV charging and support the country’s transition to low carbon transportation for both consumers and fleet vehicles.

Richard Bartlett, senior vice president, BP pulse said: “This £1bn investment is vital to provide the charging infrastructure the UK needs. We’re investing to build a world-class network. This investment allows us to deliver more. More high-speed charging in dedicated hubs and on existing fuel and convenience sites. More home charging services. And crucial enhancements to our digital technology that will make charging fast, easy and reliable.”

BP plans that for every £1 it makes in the UK this decade; it plans to spend £2 – including investments to help the UK towards net-zero. BP Pulse is part of bp’s integrated UK business portfolio, which includes plans to develop up to 5.9GW gross of offshore wind capacity across the Irish Sea and North Sea and plans to produce 1.5GW of low carbon hydrogen in Teesside, 30 per cent of the UK’s 2030 target, from its H2Teesside and HyGreen Teesside projects.

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