Oil major BP PLC said on Friday it plans to invest 1 billion pounds ($1.32 billion) in electric vehicle charging in the United Kingdom over the next decade, to meet the country’s growing demand for greener power.
The company, which has sought to shift away from oil and expand operations in power markets and around electric vehicles, said in January its fast electric vehicle chargers were on the cusp of becoming more profitable than filling up a petrol car.
The group said the investment, to be made through its EV charging business BP pulse, would help triple the number of public charging points in its UK network.
“I am delighted that BP pulse is supporting the transition to cleaner vehicles as we accelerate towards our net-zero ambitions and boost green jobs opportunities right across the UK,” British transport minister Grant Shapps said in a statement.
