As early as 2025, BP, British Petroleum, predicts that revenues from electric car charging at their gas stations will be higher than gasoline sales. Therefore, the oil giant has chosen to invest approximately 1.8 billion pounds per year in charging infrastructure and has already acquired several companies in the sector to strengthen sustainable charging. This is according to the British newspaper Autocar.
They offer electric car charging through 11,000 charging points globally today. But by 2030, they aim to offer up to 70,000 charging points.
According to the newspaper, a BP spokesperson says: "We are focusing on installing charging stations in China, the United Kingdom, Germany, and the Netherlands, and we entered the US market a number of months ago."
Not alone in investments
Within the sector, however, they are far from alone in investing in charging infrastructure. Shell, Preem, OKQ8, and Circle K are also following developments in electric cars with significant sustainable investments.
BP has a long history and was present in Sweden when car traffic was established, with their yellow and green logo adorning roadsides across the country. However, they disappeared in 1994, and many of their gas stations were taken over by Statoil.
