Indian Oil to set up 10,000 EV charging stations in three years
The country's largest fuel retailer, Indian Oil Corporation, has announced it will set up 10,000 EV charging stations across the country over the next three years. This is part of its net-zero emissions strategy and follows PM Narendra Modi's announcement of India's 2070 net-zero target. The company says this move will help it better leverage opportunities in clean mobility and will boost EV production by carmakers and ownership among buyers.
These 10,000 electric vehicle chargers will be rolled out in a phased manner with 2,000 being set up in the first year. The first phase will focus on Mumbai, Delhi, Bangalore, Hyderabad, Ahmedabad, Chennai, Kolkata, Surat and Pune where 231 charging stations will be set up. A further 375 stations will come up in these cities in the second year and 215 more in the third year.
State capitals, smart cities and major highways and expressways will be other focus areas where 944 charging stations will be set up. More than half of the 10,000 chargers planned will be along highways and smaller cities. Indian Oil is setting DC fast chargers along popular routes. This will see 50 kW chargers every 25 km and 100 kW chargers every 100 km. Indian Oil will spend Rs 150-200 crore to set up these chargers across the country and will tie up with automakers, fleet aggregators and power supply firms to execute this.