|ALC carbon outcome||Furthering research and technology to advance low carbon|
|Geographic scope||United States|
N/a - research and technology
According to BP's latest Energy Outlook report there could be some 350 million electric vehicles (EV) on the road by 2040.
BP is exploring opportunities to support this growth in demand for EVs. We have invested in FreeWire Technologies, which makes ultra-fast EV charging technology.
Installing fixed fast-charging stations is typically expensive and labour intensive. It also requires substantial upgrades to support the connection between the charging stations and the main electricity grid. FreeWire, however, has developed a cost-effective fast charging system for use at fuelling stations which uses a low voltage electricity grid connection combined with energy storage and advanced electronics. This will help BP to respond quickly to the growing demand for EVs and provide fast-charging facilities at forecourts where we see the greatest demand, without a significant upfront investment.
We are currently piloting FreeWire charging points at some of our retail sites in Europe.