Has the penny finally dropped at BP?
The oil company has joined the growing chorus of voices calling for sales of petrol and diesel cars to be banned earlier than the planned date of 2040.
It is possible, since the acquisition of Chargemaster and subsequent ownership and operation of 7000 electric car charging points, BP has realised that, rather than being an existential threat to their business, electrification of transport could make them money.
BP also owns and operates a huge, and growing portfolio of solar generation capacity which means that they can produce some of the cheapest electricity around; generating electricity at 4p/kWh and selling it to consumers at 20p/kWh could be more lucrative than the messy, costly and often dangerous business of finding, drilling, transporting and refining oil.
The Times reports on BPs renewable future here….
Want to run your fleet on cheap electricity? Start the conversation here…..