Charge up: Central public sector enterprises, private firms intensify EV infra plans

IOCL’s decision comes after state-run Hindustan Petroleum Corporation (HPCL) announced in mid-September that it would commission 5,000 EV charging stations over the next three years.

A consortium of leading Central Public Sector Enterprises (CPSEs) and private sector firms plan to set up Electric Vehicle (EV) charging facilities across the country, a move that will accelerate the spread of these eco-friendly vehicles, will help to curb this. Increasing vehicular emissions and reducing the carbon intensity of India’s GDP. State-run energy firm IOCL is at the forefront of this move, HPCL, NTPC and private players such as Tata Power and Reliance Industries.

India’s largest fuel retailer among state-run firms Indian Oil Corporation (IOCL) recently announced that it will set up EV charging facilities at 10,000 of its retail outlets over the next three years. The announcement was made just days after the prime minister Narendra Modi The country’s ambitious 2070 net zero target was announced at the COP26 summit in Glasgow.

State-run after IOCL’s decision Hindustan Petroleum Corporation(HPCL) announced in mid-September that it would be commissioning 5,000 EV charging stations over the next three years.

Analysts at Bloomberg New Energy Finance (BNEF) noted that “in most EV partnerships, retailers are playing a passive role by replacing private players at existing outlets,” adding that “they have to rely on external partners for some time”. Will have to continue. None of them are making significant internal development.”

IOCL, which currently has 448 EV charging stations and 30 battery swapping stations across the country, said it has collaborated with firms including Tata Power, NTPC, Fortum, etc. Hyundai, Tech Mahindra, BHEL and Ola to install EV chargers at fuel stations. HPCL has also signed an agreement with Tata Power to set up EV charging stations at its petrol pumps.

Tata Power currently operates 878 public EV charging points, and aims to create over 1 lakh such charging points by the end of FY25. The company is primarily pursuing three channels to meet its EV charging ambitions: Home Charging, Public Charging and Fleet Owner.

Expressing its desire to become a major EV charging infrastructure player in India, Reliance Industries Limited recently said that its fuel and mobility joint venture with BP – Reliance BP Mobility (RBML) – is a network of electric vehicle charging stations and batteries. will also install. Swap stations at its fuel stations under the Jio-BP brand.

State-run power producer NTPC had earlier said that it has plans to install 400 EV chargers at various locations across the country. By the end of FY 2011, NTPC had installed 142 EV charging stations, and its subsidiary NTPC Vidyut Vyapar Nigam (NVVN) under the Centre’s ‘Faster Adoption and Manufacturing of Electric Vehicles’ (FAME) for 204 EV charging stations in eight cities. The work of linking the station was allotted. Plan. NVVN has also signed an MoU with Maharashtra State Road Development Corporation for building EV charging infrastructure on Mumbai-Pune and Mumbai-Nagpur highways.

According to analysts at UBS, electric two-wheelers are expected to account for around 10% of total two-wheeler sales by FY26 in the base case scenario. It also expects the electric variant to account for 43% of annual passenger three-wheeler sales by FY26. According to Tata Power, 9.6 to 14.3 million electric vehicles are expected to be on the road by FY26. India is one of the few countries to support the global EV30@30 campaign, which aims to have at least 30% of new vehicle sales electric by 2030. NITI Aayog believes that successful implementation of the FAME scheme can lead to an increase in EV sales, which is an essential component for achieving the COP26 targets.