The need for new charging infrastructure in the UK is likely to become more pressing in the coming years, particularly as the authorities want to stop the sale of new diesel and petrol cars and vans by 2030.
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tritium Y PA have signed a multi-year contract related to the supply of electric vehicle chargers, in the latest example of how big energy companies are looking to consolidate their position in the burgeoning electric vehicle market.
According to a statement released by Tritium on Monday, the deal will initially focus on an order of “just under 1,000 chargers” for the UK, Australian and New Zealand markets.
The Australian company Tritium, founded in 2001, specializes in the development and production of fast DC chargers for electric vehicles. Shares of the Nasdaq-listed company rose more than 12% on Monday and opened flat on Tuesday. The stock is still down about 4% year-to-date.
Towards the end of March, BP, which is best known for its oil and gas production, said it would invest £1bn (approximately $1.3bn) in UK-based electric vehicle charging infrastructure over a 10 year period.
BP said the money would “enable faster and ultra-fast chargers to be deployed in key locations”. The company also said its charging business, known as BP Pulse, would “roughly triple its number of charging points by 2030”.
BP’s announcement came on the same day the UK government published its electric vehicle infrastructure strategy, which said it expected the country to be home to around 300,000 public charging points by 2030 “at a minimum”.
BP is not alone in trying to set a marker in the electric vehicle charging market. in January, Peel announced the opening of an “EV charging hub” in London. Shell said it had replaced petrol and diesel pumps at the site with what it called “ultra-fast charging points”.
Fossil fuel powerhouse aims to install 50,000 street chargers by the middle of the decade through its subsidiary, Ubitricity.
The need for new charging infrastructure in the UK is likely to become more pressing in the coming years, particularly as the authorities want to stop the sale of new diesel and petrol cars and vans by 2030. From 2035 The UK will require all new cars and vans to have zero tailpipe emissions.
According to figures from the Society of Motor Manufacturers and Traders published in early April, new registrations of battery electric cars in the UK reached 39,315 in March, a year-on-year increase of 78.7%.
“This is the highest volume of BEV registrations ever recorded in a single month, and means that more were registered in March 2022 than in all of 2019,” the SMMT said.