Electric Vehicles Can Be Charged At HPCL Pumps : EVI Technologies
EVI Technologies (EVIT), an emerging start-up company in the field of electric vehicle charger segment in the country, has entered into an agreement with Hindustan Petroleum Corporation Limited (HPCL) to provide end to end EV charging solution.
As per the agreement, the company will set up EV chargers at HPCL fuel stations, located in major cities and highways to provide end to end EV charging stations in Uttar Pradesh, Bihar, and Uttarakhand.
Rupesh Kumar, CEO of EVIT said, “Our association with HPCL will allow both companies to contribute towards the goal of reducing carbon emission. We are excited about this strategic tie-up providing an opportunity for our customers to easily avail of charging solutions at various locations across India. This move will not just help EV users get rid of the range anxiety, but we expect this to create awareness among other car owners to start using EVs.”
EVIT will provide charging infrastructures at HPCL fuel stations for EV users enabling them to charge their EVs at the nearest HPCL pump. The charging comprises slow and fast EV chargers for Electric scooters, Autos and Cars at 136 locations. The partnership with HPCL is expected to play a strong role in encouraging EV owners to charge their vehicles along various petrol pumps.
EVIT is present across various segments of the EV ecosystem – public charging, captive charging, home, workplace charging and ultra-rapid chargers for buses. Ministry of Petroleum and Natural Gas clarification to its November 8, 2019 order eased norms for setting up of one new generation alternate fuel like CNG, LNG or electric vehicle charging point alongside retailing petrol and diesel to promote these alternate fuels.
EVIT has been providing EV charging solutions to multiple clients in India since its inception and started a journey with public sector company EESL in its first ever tender in India for 10,000 EVs in the year 2017.
This project will as well reduce about 21,000 ton of carbon emissions in the next fifteen years.
EV Market In India
The Indian automobile industry is the fifth largest in the world and is expected to become the third largest by 2030. As per India Energy Storage Alliance (IESA), the Indian EV industry is expected to expand at a Compound Annual Growth Rate (CAGR) of 36 per cent. As population rises and demand for vehicles grow, dependence on conventional energy resources is not a sustainable option as India imports close to 80 per cent of its crude oil requirements.
The EV push in India opens a plethora of business opportunities across three key segments – mobility, infrastructure and energy. These include opportunities in EV franchising, EV OEM market, battery infrastructure, solar vehicle charging and battery swapping technology among several others. According to NITI Aayog, the complete transition to EVs requires a total investment of USD 267 billion (INR 20.8 lakh crore) in EVs, battery infrastructure and charging infrastructure.