Indian government-owned oil and gas corporation, Bharat Petroleum Corporation Limited (BPCL) has announced its plans for the EV future. BPCL revealed that it will be installing electric vehicle charging stations in the coming years. The EV charging stations will be known as ‘Energy Stations’ and BPCL will install them at their current fuel pumps. The brand revealed that BPCL will install the charging stations at their 7,000 fuel stations in the country. This will rapidly accelerate the development of the electric vehicle ecosystem in the country.
In total BPCL aims to build a charging network at its 19,000+ fuel stations across India. The new EV charging infrastructure will also act as a unique business opportunity safeguarding BPCL when electric charging displaces auto fuels in the future. The charging ecosystem in the country is currently under rapid development, thanks to the increased awareness of electric vehicles as well as the sharp rise in fuel costs in the country.
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New Charging Infrastructure
The new charging infrastructure in the country will also further encourage citizens to adopt electric vehicles in India. The company will also reap the benefits as newer customers turn towards EV ownership with its new charging infrastructure. BPCL is India’s 2nd largest oil marketing company (OMC). The oil company is renowned for its network of fuel stations. Thus BPCL will be able to deploy EV charging facilities in a shorter time span than other players. This also offers BPCL an advantage as other competitors are yet to build their own charging infrastructure.
About BPCL
Bharat Petroleum Corporation Limited refines crude oil and markets petroleum products in the Indian market. BPCL has achieved the coveted ‘Maharatna’ award and is among the Fortune 500 companies. The company and its subsidiary have refineries in Mumbai, Kochi, Bina, and Madhya Pradesh. BPCL has a combined refining capacity of 35.3 MMTPA. The oil company also has a marketing infrastructure network including depots and retail outlets. BPCL also offers aviation service stations and its distributor network includes 6,100+ LPG distributorships, 733 Lubes distributorships, and 123 POL storage locations. Also, the brand has distributors including 64 Aviation Service Stations, 54 LPG Bottling Plants, 4 Lube blending plants, and 4 cross-country pipelines.
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