Indian Oil plans to set up 10k EV charging stations in India
POWER & RENEWABLE ENERGY

Indian Oil plans to set up 10k EV charging stations in India

Chairman of Indian Oil Corporation Limited (IOCL), S M Vaidya, told the media that it would set up 10,000 electric vehicle (EV) charging stations within the next three years in India to boost the EV ecosystem in the country.

Vaidya said that the company will support PM Narendra Modi's commitment to achieve net-zero emissions by 2070 under the initiative towards climate change. EV charging stations will be a small step for the EV system. He also committed more initiatives to increase renewables in the economy and reduce carbon intensity.

IOCL will soon unveil its net-zero emissions target. Large refiners, including India Oil, use enormous energy internally, mostly based on fossil fuels. Global oil majors like Bharat Petroleum (BP) and Shell are pledged to reach net-zero emissions by 2050.

Electric mobility is the main tool to fight against emissions that have risen disproportionately over the past years with the increased number of fossil fuel vehicles.

Fossil fuel-based retailers have begun to scale up their EV charging to ensure they have relevant supplies in future for new vehicle sales. This year in September, Hindustan Petroleum announced its plan to set up 5,000 EV charging stations in the next three years. BP plans to set up 1,000 EV charging stations. The joint venture partner of BP and Reliance Industries also plans to set up EV charging stations in the existing and new pumps.

Vaidya said that currently, Indian Oil has 448 EV charging stations and 30 battery swapping stations in India. The country plans to raise EV charging stations to 2,000 within one year and add 8,000 more in the next two years. These stations come up in their fuel stations. It also plans to invest Rs 150 crore to Rs 200 crore to build its EV network to benefit EV manufacturers and buyers.

Image Source

Also read: Tata Power reaches 1,000 EV charging station milestone in India

Chairman of Indian Oil Corporation Limited (IOCL), S M Vaidya, told the media that it would set up 10,000 electric vehicle (EV) charging stations within the next three years in India to boost the EV ecosystem in the country. Vaidya said that the company will support PM Narendra Modi's commitment to achieve net-zero emissions by 2070 under the initiative towards climate change. EV charging stations will be a small step for the EV system. He also committed more initiatives to increase renewables in the economy and reduce carbon intensity. IOCL will soon unveil its net-zero emissions target. Large refiners, including India Oil, use enormous energy internally, mostly based on fossil fuels. Global oil majors like Bharat Petroleum (BP) and Shell are pledged to reach net-zero emissions by 2050. Electric mobility is the main tool to fight against emissions that have risen disproportionately over the past years with the increased number of fossil fuel vehicles. Fossil fuel-based retailers have begun to scale up their EV charging to ensure they have relevant supplies in future for new vehicle sales. This year in September, Hindustan Petroleum announced its plan to set up 5,000 EV charging stations in the next three years. BP plans to set up 1,000 EV charging stations. The joint venture partner of BP and Reliance Industries also plans to set up EV charging stations in the existing and new pumps. Vaidya said that currently, Indian Oil has 448 EV charging stations and 30 battery swapping stations in India. The country plans to raise EV charging stations to 2,000 within one year and add 8,000 more in the next two years. These stations come up in their fuel stations. It also plans to invest Rs 150 crore to Rs 200 crore to build its EV network to benefit EV manufacturers and buyers. Image Source Also read: Tata Power reaches 1,000 EV charging station milestone in India

Next Story
Infrastructure Transport

Railway stations in Prayagraj undergo major passenger facility expansion

The Railway Board Chairman and CEO, Satish Kumar, conducted an extensive inspection on Saturday alongside the General Manager of Northern Railway and the officiating General Manager of North Central Railway. Their visit focused on various ongoing projects at multiple stations across the Northern and North Central Railway zones, with particular attention to enhancing facilities for the upcoming Maha Kumbh. During the inspection, Chairman Kumar reviewed the construction of a vital bridge over the River Ganga, specifically between Jhunsi and Prayagraj Rambagh. This bridge is expected to significa..

Next Story
Infrastructure Transport

Madurai-Thoothukudi broad gauge line works under review

The construction of the Madurai-Thoothukudi broad gauge line, which includes the crucial Melmarudur-Tiruparankundram project, is currently under careful review. This update comes from Southern Railway's assistant public information officer, J Kumarasubramanian, following an RTI inquiry made by a concerned citizen, Dayanand Krishnan. The new broad gauge line is projected to cover a total length of 143.5 km, with the initial 18 km stretch between Milavittan and Melmarudur completed and sanctioned by the Commission of Railway Safety on March 8, 2022. While substantial progress has been made on t..

Next Story
Real Estate

DLF expects Rs 26,000 cr from super luxury project in Gurugram

Realty giant DLF is projecting impressive revenue of Rs 26,000 crore from its newly unveiled super-luxury project, The Dahlias, situated in the heart of Gurugram. Ashok Tyagi, the Managing Director of DLF, shared these insights during a recent conference call with market analysts, highlighting the project's potential amidst rising demand for high-end residential properties. The Dahlias project spans an expansive 17 acres and is set to feature approximately 420 ultra-luxury apartments, each boasting a minimum size of 10,300 square feet. This ambitious development has already garnered significan..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000