Bharat Petroleum relies heavily on the charging infrastructure of electric vehicles

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Bharat Petroleum Corporation Limited (BPCL), a “Maharatna” and Fortune Global 500 company, is betting big on electric vehicle (EV) charging infrastructure.

It has come up with a plan to offer charging stations to around 7,000 petrol stations over the next few years. The company has a distribution network involving over 19,000 retail outlets (petrol stations) across the country. The electric vehicle charging infrastructure will provide the company with a new business opportunity and hedge against the risk of shifting car fuels.

The electric vehicle ecosystem in India is expected to experience strong growth in the coming years as automakers turn to electric vehicles to attract new consumers. The companies that will benefit from this shift to electric vehicles are those with a strong distribution network. BPCL, the second largest oil marketing company (OMC), is a formidable player with a nationwide network of filling stations and distributors that can help offer the electric vehicle charging facility in a short time to companies that need to still build the physical infrastructure of retail outlets.

“In the next few years, we aim to reach 7,000 station counts to support the growing electric vehicle industry and these stations would be known as” power stations, “said Arun Kumar Singh, president and chief executive officer, Bharat Petroleum.

He further added: “Electric vehicle charging infrastructure is one of five focused segments that BPCL is working on along with Petchem, Gas, Consumer Retailing, Renewables & Biofuels that will meet the nation’s energy needs.

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