Oil PSUs to set up 22,000 EV charging stations
An agreement with all-electric ride-hailing service BluSmart to set up EV charging infrastructure in India
RNEL to invest in Altigreen Propulsion Labs
New Delhi: Indian Oil Corporation (IOC) and two other public sector oil firms will install 22,000 electric vehicle (EV) charging stations over the next three-five 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-controlled 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 Ltd (BPCL) said it will set up 7,000 stations over the next five years while Hindustan Petroleum Corporation Ltd (HPCL) 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 per cent of its total energy requirements by 2030. It is looking to reduce the carbon intensity of its economy by 45 per cent, cut projected carbon emissions by 1 billion tonne by 2030 and achieve a net-zero target by 2070.
