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BP move to buy Chargemaster an electric vehicle charging company

 

 

 

By Reuters

BENGALURU
Petroleumworld 06 29 2018

BP said on Thursday 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. ( on.bp.com/2N5me1b )

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.

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Reporting by Shashwat Awasthi in Bengaluru; Editing by Bernard Or from Reuters.

reuters.com
06 28 2018

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