The transition of the UK’s vehicle parc to electric is throwing up significant challenges to all players in the UK transport industry, whether they are vehicle manufacturer, supplier or fleet decision-maker.

Among those most challenged are the oil companies, who face a steady decline in revenue unless they can adapt to meet the demands of the changing market.

This is complicated further by the arrival of newer, innovative companies such as Instavolt and Gridserve, who have been set up specifically to offer charging solutions to the new wave of electric vehicles (EVs) without any legacy business to potentially hold them back.

However, BP – the UK’s largest fuel retailer with more than 1,200 filling stations – is fighting back and has pledged to become an integrated energy company by 2030 before becoming net zero emission by 2050.