Addressing the media, Indian Oil Corporation Chairman, SM Vaidya said that out of the proposed 10,000 EV charging stations, 2,000 will be installed within a period of twelve months and the remaining 8,000 will be installed in two years.
see photosIndianOil has prepared a list of high priority cities where EVs will be installed initially
Indian Oil Corporation Limited on Wednesday announced that it will set up over 10,000 Electric Vehicle (EV) charging stations across India in the next three years. Addressing the media, Indian Oil Corporation Chairman, SM Vaidya said that out of the proposed 10,000 EV charging stations, 2,000 will be installed within a period of twelve months and the remaining 8,000 will be installed in two years. “The green initiative by Indian Oil Corporation is following some of the previous sustainable initiatives which include the launch of additional green fuel high performance diesel oil and XP95 fuel. The objective behind the green initiative is to align with the net-zero commitment, in turn The aim is to reduce carbon monoxide emissions,” Vaidya said.
The decision has been taken following Prime Minister Narendra Modi’s commitment to promote non-fossil energy potential at the 26th United Nations Climate Change Conference (COP26) in Glasgow. Describing the company’s contribution as focused on green initiatives and in line with PM Modi’s vision of increasing non-fossil energy capacity, Vaid told reporters, “IndianOil’s in-line initiative with five commitments created during PM Modi’s Glasgow conference Which is called Panchamrit.”
The EV chargers to be launched will be of three types based on vehicle type, feasibility, destination and capability – slow, fast and heavy duty charger.
“The idea behind such promises is to increase the country’s non-fossil energy capacity to 500 GW by 2030, meet 50 percent of energy needs by renewable resources by 2030, reduce projected carbon emissions by 1 billion tonnes by 2030 ” Targeting the economy’s carbon intensity to less than 45 percent by 2030 and net-zero by 2070,” he said.
“The EV Charging Station is a small step by IndianOil, but it will be a giant league for the EV ecosystem. The entire EV ecosystem as a whole will be scaled up as it will give confidence to the manufacturers, and a huge relief to the buyers”, Vaidya added to.
The EV chargers to be launched will be of three types – slow, fast and heavy duty chargers based on vehicle type, feasibility, destination and capability.
IOC wants to achieve target of 2000 in the coming 12 months
IndianOil has prepared a list of high priority cities where EVs will be installed initially. Mumbai, Delhi, Bangalore, Hyderabad, Ahmedabad, Chennai, Kolkata, Surat and Pune are among the nine high priority cities to achieve the target of 2000 in the coming 12 months, along with other smart cities across the country.
When asked about the hike in fuel prices, the Speaker said, “There is no doubt that there has been an increase in the prices of petrol and diesel.” Though he added that “use of petrol has increased by 8-9 per cent, diesel has increased by 1.5 per cent and even LPG usage has increased.”
He said that the recent economic development is a boon for the country.
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“Economic growth in the rest of the world is contributing to the rise in crude oil prices. OPEC nations, which reduced crude production due to low demand during the Covid-19 time, are gradually increasing production. Petroleum. The minister and OPEC secretary discussed a way to increase the supply of crude oil in the market, slashing prices. It would be no good to anyone if economic growth around the world is focused on crude. Responsible pricing favors both producers and consumers. Should be,” he added.
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