As Fuel prices rise, companies all set to develop EV Infra:

Prateek
2 min readNov 6, 2021

Written by- Prateek

Tata Power now operates 878 public EV charging stations and plans to have more than 1 lakh by the end of FY25. To materialise its EV charging objectives, the corporation is primarily pursuing three channels: home charging, public charging, and fleet owners.

The decision came after the state-owned Hindustan Petroleum Corporation (HPCL) announced in mid-September that it will build 5,000 electric vehicle charging stations over the following three years.
(EV) charge stations across the country, a step that will hasten the spread of these ecologically friendly vehicles, aid in the reduction of rising vehicular emissions, and lower the carbon intensity of India’s GDP.

Plans and policies for EV:

India’s largest fuel retailer, Indian Oil Corporation (IOCL), recently stated that it will install electric vehicle charging stations at 10,000 of its retail stores over the next three years. The announcement came only days after Prime Minister Narendra Modi announced India’s ambitious 2070 net-zero goal at the COP26 summit in Glasgow.

The Biggest Player in EV Segment:

Expressing its desire to become a leading EV charging infrastructure player in India, Reliance Industries Ltd also recently said that its fuel and mobility joint venture with bp — Reliance BP Mobility (RBML) — will also set up a network of electric vehicle charging stations and battery swap stations at it’s the fuel stations under the Jio-BP brand.

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