Indian Oil Corporation, the country’s largest oil company, will set up more than 10,000 charging stations across the country in the next three years. IOCL President Shrikant Madhav said that this decision is being taken keeping in mind the energy transition to Net-Zero by 2070. PM Modi has taken a pledge to go from the biggest emitter to zero emissions on the last day.
IOC says that for the next few audiences petrol and diesel will play their part to fulfill India’s energy. The company is setting up charging stations to create more infrastructure to make people aware of electronic vehicles. India’s energy demand has increased in the recent past, we have not become a stable economy at this time. Because of this we also need other fuels to meet our energy demands.
As part of a seamless campaign, Shrived told reporters in Delhi that IOC plans to install 50 kW electronic vehicle charging stations every 25 km and 100 kW heavy-duty charging stations every 100 km. Which makes it easy for the general public to charge their electronic vehicle. At present, more than 28 crore vehicles are running on the roads of the country and it is increasing by 2.5 crore every year, due to which the demand for petrol and diesel will increase, which we have to stop.
At present, all the automobile companies present in India are manufacturing electronic vehicles in a very small percentage. In the recent past, only one percent of the two-wheelers purchased are electronic vehicles, while only 0.2 percent of the four-wheelers were electronic vehicles. It is estimated that by 2030, the percentage of electronic vehicles in two-wheelers on the road could increase to around 30%. IOC said that by 2030, 15 percent of the four wheelers being procured will be electronic.
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Mr Veda further said that the IOC is also included in the announcement made by PM Modi. IOC, which controls nearly half of the country’s fuel distribution network, will set up up to 2,000 EV charging points by 2022. In the first year, IOC will install 231 EV charging stations in cities like Delhi, Mumbai, Hyderabad, Ahmedabad, Chennai, Kolkata, Pune and Surat. 375 EV stations will be installed in these cities in the second year and 215 in the third year.
As per the plan, out of 10,000, about 5 thousand EV charging points will be set up on highways and various other cities. After adding government subsidy in this whole process, a total expenditure of up to Rs 150-200 crore will be incurred. It is expected that IOC is in talks with leading automobile companies, fleet aggregators and power makers of the country for EV charging stations.
Mr. Veda further added that IOC will draw power from the grid for the EV charging station which will be parallel to the battery swapping stations. EV charging can often take 45 minutes to 3 hours depending on the size of the charging stations. A battery swapping site provides the facility to replace a discharged battery for a full charge in a matter of minutes. Shri Veddha informed that the battery replacement is done by maximum three wheelers.
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