An EV battery charger at a BP gas station in New Jersey. (Getty Images)

Oil significant BP PLC said on Friday it plans to invest 1 billion pounds ($1.32 billion) in electrical automobile charging in the United Kingdom over the next decade, to fulfill the country’s growing demand for greener power.

The statement comes as the British government promised 1.6 billion pounds ($2.1 billion) to broaden the number of chargers in the UK significantly, to 300,000 by 2030 under its Electric Automobile Infrastructure Strategy.

The business, which has actually sought to shift far from oil and broaden operations in power markets and around electrical vehicles, stated in January its fast electric car chargers were on the cusp of becoming more lucrative than filling up a petrol vehicle.

The group said the financial investment, to be made through its EV charging service BP pulse, would help triple the variety of public charging points in its UK network.

“I am delighted that BP pulse is supporting the transition to cleaner cars as we accelerate towards our net-zero aspirations and enhance green jobs opportunities right throughout the UK,” British transport minister Grant Shapps said in a statement.

BP said last month it intends to halve its operational emissions by 2030, compared with a previous target of lowering it by 30-35%, as it aims to accelerate its goal of reaching net-zero emissions by 2050.

The group had actually likewise reported that its 2021 revenue struck the highest level in 8 years lifted by skyrocketing gas and oil prices.

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