In the News
Vertical integration: BP buys Chargemaster

29th June 2018
Expect a lot more of this as petroleum companies adjust their sights to the rapid growth of electric vehicles. BP has acquired Chargemaster which is the UK's largest car charging firm which operates the POLAR charging network across the UK. Consider the commercial drivers behind this decision. As demand for petrol and diesel cars falls away, BP will need to fully embrace the electric vehicle and the associated infrastructure needed to maintain the profitability of their retail outlets. Consider for example the opportunities for car valeting and coffee shops in the 10-30 minutes that might take to fully charge a vehicle operating on the motorway network.
150Kw (100miles in 10min) chargers are to be fitted at BP Filling Stations.
In a similar move, Shell bought New Motion, a rival charging company in 2017.
BP buys UK's largest car charging firm Chargemaster https://t.co/b0lZbaZP6I
— BBC Business (@BBCBusiness) June 28, 2018
We are very excited about becoming part of BP, which is advancing the energy transition through reducing emissions in its operations, improving its products and creating low carbon businesses, like BP Chargemaster https://t.co/8mNnJgQqHf pic.twitter.com/soNxIvZNUH
— bp pulse (@bppulseuk) June 28, 2018
BP is to pay £130m to buy Chargemaster, the company behind the UK's largest network of charging points for electric-powered vehicles https://t.co/iknNa2S3xy
— Sky News (@SkyNews) June 28, 2018
“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 exciting new electric vehicles.” https://t.co/mJs2RiEVeA
— Tom Callow au-tom-otive.bsky.social (@au_tom_otive) June 28, 2018
⚡🚗 “Bringing together the UK’s leading fuel retailer & its largest charging company, BP Chargemaster will deliver a truly differentiated offer for the country’s growing number of #ElectricVehicle owners.” Tufan Erginbilgic, chief executive, BP downstream. #EVs pic.twitter.com/LBzurTB4W0
— bp (@bp_plc) June 28, 2018
You might also like

Apple & Microsoft: Collaboration not Competition
10th September 2015

Twitter's growth continues to slow
2nd May 2016

The Changing Economics of the Book Industry
27th April 2017
Electrifying roads to charge vehicles!
13th April 2018
Netflix - A Digital Business Under Pressure
Topic Videos

2021 - A Year of Shortages in Global Supply Chains
2nd June 2021

Business Objectives - Will British Gas cap profits to cut energy bills?
11th September 2022