BP is to buy electric vehicle charging network Chargemaster for an undisclosed sum, in a move that signals how important electric vehicles will be in the future.
Currently Chargemaster has 6,500 charging points in the UK within its Polar network. BP will now take control of these and the company will be rebranded BP Chargemaster.
Over the next 12 months, BP Chargemaster points will be rolled out at the fuel giants 1,200 petrol stations in the UK drastically extending the reach of the charging station.
Chief executive of Chargemaster David Martell 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.”
This has also brought news that an ultra-fast charging infrastructure will be introduced as part of the deal. This will allow many electric vehicles to add 100 miles of range in just 10 minutes.
Chargemaster was created 10 years ago and 40,000 drivers nationwide use its charging network.
June 28, 2018