A £1 billion ($1.32 billion) investment by bp will increase its electric fleet and fast-charging stations in the UK, the company announced Friday.
bp will invest in the country's electric vehicle (EV) charging infrastructure over a 10-year period.
Funding will be used to deliver more rapid and ultra-fast chargers in key locations, expand fleet products and services, and launch new home charge digital products and services to enhance the customer experience, the company said.
Additionally, investing in the charging industry will create hundreds of new jobs in the country.
'The investments will help meet the UK's fast-growing demand for EV charging and support the country's transition to low carbon transportation for both consumers and fleet vehicles,' bp said.
With the new investment, bp will approximately triple the number of public charging points in its UK network.
The company plans to accelerate the rollout of ultra-fast charging points, which will be able to provide EV drivers up to 100 miles of range in around 10 minutes of charging.
By Zeynep Beyza Kilic