Oil firms to set up 22K EV charging stations in 5 yrs

New Delhi, November 9

Indian Oil Corporation (IOC) and two other public sector oil firms will install 22,000 electric vehicle (EV) charging stations over the next 3-5 years to support the nation’s target to reduce its carbon intensity and reach net zero emissions by 2070.

IOC, the country’s largest state-owned refiner by capacity, will set up EV charging facilities at 10,000 fuel outlets over the next three years, Chairman Shrikant Madhav Vaidya said.

Bharat Petroleum Corporation said it will set up 7,000 stations over the next five years while Hindustan Petroleum Corporation has plans for 5,000 stations.

At the 2021 Climate Change Conference, also known as COP26, Prime Minister Narendra Modi outlined a net-zero emissions target by 2070 for India. Also, India is targeting to increase its low-carbon power capacity to 500 gigawatts (GW) by 2030 and meet 50% of its total energy requirements by 2030.

It is looking to reduce the carbon intensity of its economy by 45%, cut projected carbon emissions by 1 billion tonne by 2030 and achieve a net-zero target by 2070. — PTI

Plans in pipeline

Indian Oil Corporation, the country’s largest state-owned refiner by capacity, will set up EV charging facilities at 10,000 fuel outlets over the next three years
Bharat Petroleum Corporation will set up 7,000 stations over the next five years while Hindustan Petroleum Corporation has plans for 5,000 stations