BP maps $1 bn for EV charging across US
European oil major, BP, has taken strong steps toward its transformation to an integrated energy company. The company announced plans to invest a billion dollars into electric vehicle (EV) charge points across the United States by 2030.
The company stated that half of its growth investments would be outside the traditional hydrocarbon portfolio. The other transition growth engines include bioenergy, hydrogen, convenience and renewables and power.
Under the plan, BP will invest in the car rental company Hertz and bring large-scale fast charging gigahubs to Hertz locations in major cities in the United States.
The oil firm stated that it is partnering transport companies like Hertz to drive the future of mobility by providing fast charge options to enable faster EV adoption.
Chairman and President of BP America, Dave Lawler, stated that the emphasis of the investments is about more and faster charging facilities to the driving public.
BP stated that EV charging remains one of its five strategic transition growth engines in which the company expects to significantly grow investment through this decade.
The energy giant aims to enhance its ability to offer lower carbon transport solutions for customers by expanding EV charging and strategic convenience sites. Today bp has 22,000 EV charge points worldwide and aims for more than 100,000 globally by 2030 – around 90% rapid or ultra-fast.
“We are excited to be working with bp to build out charging at Hertz locations across the country, and to leverage telematic insights from the Hertz fleet to ensure that charging is located at the places where our customers need it most,” commented Stephen Scherr, Hertz chair and CEO.
