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BP spends $1.3 billion as UK pushes to buy 300,000 EV electric chargers by 2030

EV charger at BP the gas station in New Jersey. (Beautiful pictures)

Oil and gas group BP PLC on Friday said it plans to invest first billion pounds ($1.32 billion) in tram are charging in the UK over the next decade, to meet the country’s growing need for greener power.

The announcement comes as the UK government pledges £1.6 billion ($2.1 billion) to expand the number of chargers in the UK by 10 times, to 300,000 by 2030 under the Electric Vehicle Infrastructure Strategy.

The company, which has been looking to shift away from oil and expand its operations in the energy markets and around electric vehicles, said in January its fast electric vehicle chargers were on track to become more profitable than their competitors. with car refueling.

The group says the investment, made through BP pulse EV charging business, will help triple the number of public charging points in its network in the UK.

UK Transport Secretary Grant Shapps said: “I am delighted that pulse BP is supporting the transition to cleaner vehicles as we accelerate towards our netless ambitions and boost job opportunities. green across the UK”.

BP said last month it planned to halve its operations emissions by 2030, compared with the previous target of 30-35% reduction, as it aims to accelerate the goal of reaching net zero emissions by 2050.

The group also reported that its 2021 profit hit an eight-year high due to soaring gas and oil prices.

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