In a move to boost higher adoption of electric vehicles in the country, Hindustan Petroleum Corp (HPCL) is planning to build 5,000 electric vehicle charging stations in three years. The aim is to secure a significant share of the charging market for the company. A mix of slow and fast charging points will be offered at these stations.
M K Surana, chairman and managing director of HPCL, told ET – “We have to future-proof ourselves. Chemicals, biofuels, EV, hydrogen are going to be the next growth drivers. EV penetration may take some time to come. But when it comes, we want to be ready. We want to offer every energy source at our outlet that a vehicle owner may need so that if a customer wants to get his electric vehicle charged, he should be able to do it at our outlet.”
HPCL presently has 19,000 fuel retail outlets across the country. It wants to leverage its country-wide network of fuel stations, brand loyalty, and years of experience serving vehicle owners to expand its offerings by adding EV charging facilities. Most of these 5,000 charging stations would be built in its fuel retail outlets.
Mr. Surana added that – “We will have a clustering approach. We will initially be in areas where citizens are more conscious about air pollution and where governments are more supportive of EVs.”
He also said that HPCL currently follows an ‘Opex-sharing’ model with partners like Tata Motors and Convergence Energy Services (CESL), which means lower initial investment for setting up charging stations. However, for the new charging stations, multiple models are being discussed.