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'We'd be fools not to embrace it' | BP hits EV charging accelerator as boss defends integrated vision

bp raised its electric vehicle charging ambitions as a key outlet for future green energy production, as the oil giant’s CEO said “we’d be fools not embrace the opportunity” of supplying its millions of customers as they transition to EVs.

The UK supermajor now wants to have 100,000 charging points globally by 2030, up from 70,000 previously envisaged, and boost power sold 100 times by the same date.

Its most recent foray into the sector came as recently as December when it acquired AMPLY Power, a US specialist in EV fleet charging.

The bp boss flagged charging as one area where an IEC can add value, defending a strategy that one analyst said had still not won over all investors.

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