June 28, 2018 / 6:41 AM / in 10 months

BP to buy electric vehicle charging company Chargemaster

June 28 (Reuters) - BP said on Thursday it would buy UK-based electric vehicle charging company Chargemaster, as it bets on increasing demand for electric cars.

BP, an oil and gas company, did not provide a deal value but said that BP Chargemaster would operate as a wholly-owned unit and Chargemaster employees would continue at BP Chargemaster. (on.bp.com/2N5me1b)

In February, BP said it expects autonomous electric vehicles to become available in the early 2020s and forecast a 100-fold growth in electric vehicles by 2040. (Reporting by Shashwat Awasthi in Bengaluru; Editing by Bernard Orr)

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