When India struggling to have electric vehicles charging infrastructure, the Reliance Industries Ltd (RIL) and BP plc to offer the electric vehicle (EV) charging stations at their energy stations across India.
RIL-BP to install EV charging stations at its fuel stations
The two companies, Mukesh Ambani’s Reliance and its British partner BP Plc which is an expert in EVs charging field said an official.
RIL and BP announced their partnership of fuel retailing in India on August 6th. This joint venture planned to install 5,500 fuel retail outlets across India. The joint ventured is owned 51% by Reliance and 49% by BP.
BP acquired Chargemaster, UK’s largest EV charging firm after BP acquired it, renamed to BP Chargemaster. It is the largest EV charging network in the UK and operates more than 7,000 public charging stations.
RIL-BP to install EV charging stations
A RIL official said the energy stations will have EV charging facilities as well as petrol, diesel, CNG, and LNG facilities.
The establishment of EV charging points by RIL is because to help the government plans for electric vehicles adoption, sales and to cut down the crude oil imports.
The RIL holds a license to set up 5,000 fuel retail outlets and BP has 3,500 outlets. The RIL had spent Rs 5000 crore to set up 1,470 outlets between 2004 and 2006 out of them 1,378 are operational from them it owns 516 outlets and remaining are dealer-owned.
RIL had a 12% share market in fuel retailing in 2014
In 2005, the RIL had a 12% share market in fuel retailing which had fall to less than 0.5% in 2014. The other retailers such as Indian Oil Corp. Ltd, Bharat Petroleum Corp. Ltd, and Hindustan Petroleum Corp. Ltd also managed to sell the fuel below the cost production. The private sector fuel retailers were not getting government subsidies.
This will be the company’s inning and also to others if they also install EV public charging stations at their retail outlets.
It not only benefits to the retailers but also to the government and the people as it solves the EV charging infrastructure problems. Hope Reliance will come up with some best EVs charging offers as it provides on its network service ‘Jio’.
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