Will be setting up 10,000 EV charging stations in next 3 years: IOC Chairman SM Vaidya

In a major boost for the electric vehicle industry in the country, the Indian Oil Corporation (IOC) has unveiled its plans to roll out a pan-India network of electric vehicle charging stations.
According to a tweet by news agency ANI, IOC Chairman SM Vaidya said that around 10,000 electric vehicle (EV) charging stations will be set up in the next three years by the company.

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"As many as 2,000 EV charging stations will be installed in the next 12 months and another 8,000 in the next two years to achieve target of 10,000 EV charging stations in three years," said the tweet on Wednesday.  

Last month, Tata Power said that it has a network of more than 1,000 electric vehicle (EV) charging stations across the country.

"This network of 1,000 public charging stations provides innovative and seamless EV charging experiences for Tata Power's customers across offices, malls, hotels, retail outlets, and places of public access, enabling clean mobility and freedom from range-anxiety," it had said in a statement.

We will be setting up 10,000 EV charging stations in the next three years: SM Vaidya, Chairman, Indian Oil Corporation pic.twitter.com/XJNr5jcDMN

— ANI (@ANI) November 3, 2021

In addition, there are close to 10,000 home EV charging points, which make EV charging super-convenient for the vehicle owners, the company had said.  

The government is mulling setting up at least one electric vehicle (EV) charging kiosk each at nearly 69,000 petrol pumps across the country to induce people to go for electric mobility, news agency PTI had said in September

Besides, the government is also thinking of making it compulsory to install EV charging kiosks at all Company-Owned, Company-Operated (COCO) petrol pumps of state refiners, it said.
Meanwhile, IOC stocks were trading with nearly 2% gains at Rs 133.20, up Rs 2.30 on BSE in Wednesday's intraday trade.