BP to buy Chargemaster electric car charging network

BP to add EV fast chargers at its 1,200 filling stations with its new BP Chargemaster venture

Oil giant BP has announced that it intends to buy the UK’s biggest electric vehicle charger suppliers Chargemaster. The Luton-based company operates the Polar charging network with over 6,000 charging points across the UK, covering home, workplace and public installations.

Rapid Chargers next to Milton Keynes Central railway station parking (Image: T. Larkum)

Chargemaster Rapid Chargers next to Milton Keynes Central railway station parking (Image: T. Larkum)

BP currently has 1,200 filling stations in the UK and says that it will roll out ultra-fast chargers, including 150kW rapid chargers capable of delivering 100 miles of range in just 10 minutes, across its forecourts within the next 12 months. The oil company estimates that there will be 12 million EVs on UK roads by 2040, up from around 135,000 in 2017.

David Martell, Chief Executive of Chargemaster, said

“The acquisition of Chargemaster by BP marks a true milestone in the move towards low carbon motoring in the UK. I am truly excited to lead the Chargemaster team into a new era backed by the strength and scale of BP, which will help us maintain our market-leading position and grow the national POLAR charging network to support the large range of exciting new electric vehicles that are coming to market in the next couple of years.”

The deal will see Chargemaster, which has 40,000 customers, rebranded as BP Chargemaster.

Read more: AutoExpress

Leave a Reply

%d bloggers like this: