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bp Q4 2021 Earnings Call Transcript

The growth in fleets in the U.S. is pretty surprising, 10 times growth over the decade. So 254,000 electric vehicles now in fleets, 10 times growth through the end of the decade as the most conservative estimate we see. That’s why we went into AMPLY Power to really get a leapfrog ahead on their customer book and then their digital offer.

We can do that. We already provide dedicated fleet solutions, which includes hardware, software and other services. And our acquisition of AMPLY Power has accelerated our entry into the U.S., which is one of the fastest-growing fleet charging markets in the world. Now taken together, these plans give us confidence in aiming to deliver 50% margin share from convenience and electrification by 2030.

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