New Delhi: Jio-bp plans to expand its electric vehicle (EV) charging network in India. The company currently operates around 5,600 charging points and aims to scale up as demand for EV infrastructure grows.
Government Policies Drive Expansion
Jio-bp’s expansion aligns with government efforts to promote electric mobility. The latest budget allocated Rs 2,000 crore under the PM E-Drive scheme to support EV adoption.
By September 2024, Jio-bp had 500 charging stations across India, with 5,000 charging points. Official data shows that India had more than 25,200 public charging stations by the end of 2024, with state-run oil companies setting up over 20,000 from their own funds. The government also continues to support the Faster Adoption and Manufacturing of Electric Vehicles (FAME) schemes, which provide subsidies and incentives to accelerate charging infrastructure development.
EV Adoption Gains Momentum
India’s EV market is expanding, particularly in the two-wheeler segment. According to data from the Ministry of Road Transport and Highways’ Vahan portal, electric two-wheeler adoption surpassed 6% in 2024, up from 4% in 2022.
Industry experts suggest that once EV adoption reaches 5% in any segment, growth accelerates rapidly. While electric four-wheelers are yet to cross this threshold, analysts expect a similar growth trend in the coming years.
Charging Infrastructure Faces Competition
The lack of charging stations remains a challenge for EV adoption. Jio-bp is working to address range anxiety by placing chargers in high-traffic areas such as malls, corporate parks, hotels, airports, and residential societies. The company has introduced 480 kW chargers, with 95% of its stations offering fast charging. However, competition in the EV charging market is intensifying.
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