Global software firm Wipro and State Bank of India (SBI), India’s largest public sector lender have joined the Climate Group’s, global electric vehicles initiative, EV100.
Both are the first major Indian businesses to join the initiative. The Climate Group is International non-profit organization, its global electric vehicles initiative, EV100, aims accelerating the roll-out of electric vehicles worldwide.
The companies have committed transitioning their respective global fleets into electric vehicles by 2030. According to The Climate Group, Wipro will begin rolling out its plan in the Indian cities of Delhi, Bangalore, Hyderabad and Pune, involving nearly 2000 vehicles, before also addressing international markets. As interim goals, the company expects to scale up the use of EVs to 500 in the next three years and 1,000 by 2023.
SBI will transition its vehicle fleet to EVs in major cities by 2030. As part of this commitment, the bank will also set up charging stations in major residential spaces to support the uptake of EVs by staff.
The news follows the launch of the Government of India’s National E-Mobility Programme last month, which will see the purchase of 20,000 government electric vehicles. This is in line with India’s most recent stated ambition of ensuring that 30% of all vehicles on the road are electric by 2030.
Through EV100, leading businesses can help increase demand for EVs and improve the availability of charging infrastructure – currently a significant barrier to EV adoption in India. Together, this will accelerate a much-needed shift in the market, bringing down costs to make EVs more accessible for all.
Wipro has already leased around 50 EVs in Hyderabad and the National Capital Territory of Delhi. To encourage employees to use EVs, the company has also launched corporate vehicle ownership and lease programs, and installed charging points at all its major facilities in India.
There are now 18 members of EV100 from a wide range of sectors, committed to switching to EVs across their operations globally.