BPCL to invest 200Cr to establish EV charging station

3.BPCL to invest 200Cr to establish EV charging station

The electronic vehicle industry is an emerging industry in India. In the automotive industries, India is in 5th place in the globe. India stands to gain on several fronts by switching to electric cars (EVs).

Bharat Petroleum, a public sector oil marketing company has announced that it will spend Rs 200 crore this fiscal year to build 100 fast electric car charging corridors with 2,000 stations along the busiest 100 national highways.

‘In the country, an oil refiner and marketer with a close to 30% retail market share in petrol and diesel, expects the EV ecosystem to grow faster than expected, and the company intends to play a key role in laying the groundwork for this ambitious initiative,’ said Ravi, BPCL’s executive director for retail.

Many of the leading battery manufacturers have taken the lead from government incentives to direct new investments toward green technology, such as lithium-ion batteries.

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