Currently reading: EV chargers almost as profitable as fuel pumps, says BP
EV charging has been seen as a loss leader in the past, but the tide is beginning to turn

BP's electric vehicle fast chargers will soon be more profitable than fuel pumps, according to the British oil giant.

BP reportedly expects the switch to happen by 2025. It comes off the back of the firm's recent investment in EV charging, having acquired Chargemaster – now called BP Pulse – in 2018.

A BP spokesman explained that the reason lies in the clamour for more chargers: “Demand has spiked and we’re investing in the infrastructure.”

The firm plans to expand its EV charging business in the coming years from 11,000 charging points to 70,000 by 2030 globally.

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