In a push for India’s electric mobility playbook, Tata Power will set up electric vehicle (EV) charging stations at state-run Hindustan Petroleum Corporation Ltd (HPCL) outlets in cities and on highways.
“Under the agreement, Tata Power will provide state-of-the-art EV Charging infrastructure at HPCL pumps for EV users who can travel within cities & intercity without any range anxiety," the firms said in a joint statement.
This comes in the backdrop of EV prices expected to reach price parity with Internal Combustion Engine (ICE) vehicles before 2025. Consequently, Indian energy majors are pivoting towards the country’s green economy. A case in point being Reliance Industries Ltd (RIL) announcing its plans to set up an Advanced Energy Storage Giga Factory.
Tata Power has around 500 public chargers in over 100 cities. HPCL on its part has 18,000 retail outlets. “Development and availability of electric vehicle for charging infrastructure is a key requirement for the proliferation of EVs in India.
The partnership will play a strong role in encouraging EV owners to charge their electric vehicles across various petrol pumps.
It is also in line with the Government of India’s National Electric Mobility Mission Plan (NEMMP), which aims to develop electric vehicle charging infrastructure using the latest technological platform along with easy access to electric vehicle for charging points," the statement said.