PSU NEWS
IOC launches battery swapping facility for quick recharge of EVs
New Delhi: Shri VP Singh Badnore, Governor of Punjab & Administrator of UT-Chandigarh, and Dharmendra Pradhan, Minister of Petroleum and Natural Gas and Steel, jointly inaugurated a state-of-the-art battery swapping station for electric vehicles at M/s. Kapoor Service Station, one of Indian Oil Corporation’s (IndianOil) leading retail outlets in Chandigarh, through a virtual event held here today. IndianOil has partnered with M/s. SUN Mobility to set up battery-swapping stations at select fuel stations in identified cities.
Shri Badnore, in his address, lauded the efforts of MoP&NG and IndianOil towards improving the environment and economic needs through a series of green initiatives., Battery-swapping technology is one such initiative that offers the best alternative among electric mobility solutions, he added.
Speaking on the occasion, Petroleum Minister commended the efforts of IndianOil hoped that the tie-up would energise the EV markets in India. The EV opportunity is so big that every player in the eco-system will benefit from it, he said. Shri Pradhan said country can save 64% of the anticipated passenger road-based mobility-related energy demand and 37% of carbon emissions in 2030 by pursuing a shared, electric and connected mobility future.
Shri Sanjiv Singh, Chairman, IndianOil, who also spoke on the occasion, elaborated on the various initiatives taken by the Corporation in preparation for the energy transition of the future. These include Hydrogen, H-CNG and fuel cells to run vehicles, setting up of a JV for manufacture of Aluminium-Air based batteries for electric mobility, other energy storage applications, and incorporating EV-charging facilities at IndianOil’s fuel stations network. IndianOil would consider various aspects of the battery-swapping technology for scaling up its presence in the EV infrastructure business, he added.
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