+
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

Related Stories

Gold Stories

Next Story
Real Estate

Peninsula Land launches 19 luxury villas in Pune

Pune’s residential landscape is witnessing a shift as premium homebuyers increasingly seek larger spaces, privacy and independent living options beyond high-rise apartments. Addressing this demand, Peninsula Land Limited, part of the Ashok Piramal Group, has launched AshokVillas, an exclusive collection of 19 premium furnished villas in Gahunje, Pune.The development combines the independence of a standalone home with the convenience and security of a managed residential community. Designed around low-density horizontal living, AshokVillas offers residents private spaces while providing acces..

Next Story
Infrastructure Urban

MyBranch Expands South India Network with 16 Workspace Centres

MyBranch has expanded its South India presence with a 50,000 sq ft flexible workspace network comprising 16 centres across 14 cities in Andhra Pradesh, Karnataka, Tamil Nadu and Telangana.The expansion reflects growing demand for flexible office infrastructure as businesses establish regional teams, satellite offices and operations beyond traditional metropolitan markets. MyBranch’s network spans Bengaluru, Coimbatore, Guntur, Hanamkonda, Hubballi, Hyderabad, Madurai, Mangaluru, Rajahmundry, Salem, Tirupati, Vellore, Vijayawada and Visakhapatnam, with a large office space in Chennai also und..

Next Story
Building Material

Walplast Launches Moisture-Resistant Gypsum Plaster Solutions

Walplast Products Pvt. Ltd. has expanded its HomeSure GypEx portfolio with the launch of GypEx MoistShield and GypEx Gold, two gypsum plaster solutions designed to address moisture-prone applications and improve plastering efficiency.The new products have been developed in response to the growing demand for faster construction processes, improved material performance and consistent surface quality. The solutions aim to simplify interior plastering while addressing specific application requirements across construction environments.“Through HomeSure GypEx MoistShield and GypEx Gold, we are exp..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code