BP to invest £1 billion in UK EV charging infrastructure

BP to invest £1 billion in UK EV charging infrastructure

BP has announced new plans to invest £1 billion in electric vehicle charging in the UK. BP pulse, the company’s EV charging business, intends to make the investment over the next 10 years helping to meet the UK’s fast-growing demand for EV charging and support the country’s transition to low carbon transportation for both consumers and fleet vehicles. The company also expects this to support hundreds of new jobs in the UK.

The investment will allow BP pulse to deliver more rapid and ultra-fast chargers in key locations, expand fleet products and services, and launch new home charge digital products and services to enhance the customer experience.

The investment will see BP pulse:

  • Approximately triple the number of public charging points in its UK network.
  • Accelerate the rollout of 300kW and 150kW ultra-fast charging points that are able to provide EV drivers up to 100 miles of range in around 10 minutes of charging, depending on the model of electric vehicle.
  • Upgrade its current EV charging technology across its public charging network to improve reliability
  • Support hundreds of new jobs in the UK.

BP plans that for every £1 it makes in the UK this decade; it plans to spend £2 – including investments to help the UK toward 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% of the UK’s 2030 target, from its H2Teesside and HyGreen Teesside projects.

Already the most used public charging network in the UK according to the company, BP pulse’s investment will help serve the record number of new EV’s joining UK roads with innovative, reliable and high-speed charging options.

BP pulse also aims to play a significant role in helping to electrify the UK’s fleet vehicles and intends to help accelerate the roll-out of EV charging solutions to the UK’s businesses. It is already working with the UK’s largest fleet Royal Mail, Uber and emergency services in both London and Scotland.

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