The joint venture, which is owned 51 percent by RIL and 49 percent by BP, plans to set up 5,500 fuel retail outlets across India.
October 14, 2019
Reliance Industries Ltd’s (RIL) joint venture with British multinational oil and gas company BP might change fortunes for India’s electric vehicle (EV) mobility play. Reportedly, the two companies are working to come up with a plan of rolling out a network of EV charging points across the country in the near future.
The JV is looking to set up a charging network across the country in the near future. This would involve setting up of charging stations at the retail sites as well as the connecting infrastructure for these stations to operate on.
This comes at a time when a lack of charging infrastructure is one of the main reasons behind poor adoption of electric mobility in India. The National Democratic Alliance (NDA) government on its part plans to install one electric vehicle charging station after every four kilometers in cities and twenty five kilometers on both ways of highways connecting to these cities.
“As we plan to go forward is providing electric charging at the retail sites and networks. So, it doesn’t involve constructing the cars or vehicles…And over time when it makes sense, we will put charging networks,” BP’s group chief executive officer Bob Dudley on Monday here told reporters.
