Indian Oil Corporation Limited (IOCL) has launched two electric vehicle (EV) charging stations at its outlets in Hyderabad, in association with Fortum India. Fortum India is a subsidiary of Fortum Oyj, a state-owned company of Finland providing clean energy solutions.
According to media reports the charging stations now set up at two retail outlets on pilot basis would later be expanded to 50 stations in two years. The stations will have two DC charge points each of 10 KW or 15 KW capacity.IOCL had also last year launched an EV charging station in Nagpur.
The Oil companies world over are investing in EV charging stations Shell has signed an agreement with high-powered charging network operator IONITY to offer charge points across ten European countries starting with 80 of its biggest highway stations. BP has also invested $5 million in FreeWire Technologies Inc through its venturing arm, a US-based manufacturer of mobile electric vehicle (EV) rapid charging systems. BP also plans to roll out FreeWire’s Mobi Charger units for use at selected BP retail sites in the UK and Europe during 2018. HPCL another Indian PSU has also set up its charging station in Nagpur.