BP Enters US EV Charging

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BP has taken what it describes as its first major step into electrification in the US with the acquisition of Amply Power, an electric vehicle (EV) charging and energy management provider for fleets of trucks, transit and school buses, vans and light-duty vehicles. “Expanding into EV fleet charging is the latest in BP’s ongoing commitment to help drive the energy transition in the US,” said David Lawler, BP America chairman and president. He noted that this acquisition builds on significant investments in wind and a growing solar presence in the US. By 2030, BP aims to nearly double earnings from its global convenience and mobility businesses while growing its global network of EV charging points from around 11,000 today to more than 70,000. Under the terms of the agreement, Amply Power will continue to operate independently as part of BP’s global portfolio. Financial details were not disclosed. BP has also entered into the EV charging space in key markets like Europe and Asia, through similar acquisitions and efforts to place EV charging at its retail stations.

Mobility, Electric Vehicles
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