BP's electric car charge revolution: £160m deal to put thousands of charging points in its network of petrol stations

BP, the British multinational oil and gas company, has bought tech firm Chargemaster, the UK’s biggest car charging company, for £130m.

BP plans to use the technology to install super-fast chargers across its network of 1,200 petrol stations in the UK and on streets in a bid to keep up with growing demand for renewable energy. The firm’s estimates predict that the number of electric vehicles on British roads will accelerate to 12m by 2040. They will prioritise rapid chargers, which can give a car enough power in 10 minutes to run for 100 miles.

This acquisition forms part of BP's pledge to spend £383m a year on low-carbon businesses. 

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