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    Home » BP to buy UK’s largest electric vehicle charging firm

    BP to buy UK’s largest electric vehicle charging firm

    June 29, 2018
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    *BP logo.

    29 June 2018, News Wires — BP has said it would buy UK-based electric vehicle charging company Chargemaster, as it bets on increasing demand for electric cars.

    BP, an oil and gas company, did not provide a deal value but said that BP Chargemaster would operate as a wholly-owned unit and Chargemaster employees would continue at BP Chargemaster.

    In February, BP said it expects autonomous electric vehicles to become available in the early 2020s and forecast a 100-fold growth in electric vehicles by 2040.

    • Reuters (Reporting by Shashwat Awasthi in Bengaluru; Editing by Bernard Orr)

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