Bharat Petroleum (BPCL) will invest Rs 200 crore in India to accelerate the electric vehicle charging infrastructure. BPCL will also set up 100 fast EV charging corridors with 2000 stations on 100 busiest national highways in the current fiscal year.
In January 2022, BPCL launched its first EV charging corridor on the Chennai-Trichi-Madurai highway. The second EV charging corridor is under construction on the Kochi-Salem part of NH-47 and will be completed in two months.
The third corridor will be on the Mumbai-Bengaluru highway facilitated by multiple charging units. A single charging unit without transformers costs around Rs 7-12 lakh for setting up and a transformer will cost around Rs 25 lakh.
BPCL Executive Director for Retail, BS Ravi said, “Given this cost variance, we have budgeted for around Rs 200 crore investment this fiscal as we plan to set up as many as 2,000 fast-charging stations across 100 corridors by March 2023.”
By 2025, BPCL plans to install around 7000 EV charging stations in the country. BPCL anticipates that the EV ecosystem will gain much more momentum than predicted.
Other companies including Indian Oil Corporation (IOC) plan to open 22,000 EV charging stations in 3 to 5 years and Hindustan Petroleum Corporation Ltd (HPCL) will install 5,000 EV charging stations.
Happy news but then why such a photo was chosen which shows the Charging unit in a disarray. Plz spread positive vibes and better snaps to enthuse people