How This Tie-up with Delhi Government will Shape EV Infrastructure
- BY Jaspreet Kaur
Feature Writer, BusinessEx
- Feb 27,2020
- 17 Mins Read
Aiming to create and promote the electronic mobility ecosystem in India, the Noida-based company, EV Motors India Pvt. Ltd has inked an agreement with BSES Yamuna Power Ltd (BYPL), which is a joint venture between the Government of Delhi and Reliance Infrastructure Limited.
The newly formed association will help establish and manage charging stations for electric vehicles at the selected locations under the jurisdiction of BYPL, according to EV Motors’ official statement.
“Charging infrastructure for EV vehicles is the need of the hour. We are working with strategic partners to facilitate the setting-up of charging stations in East and Central Delhi to bring in a change in the mobility landscape. This partnership with EV Motors India is a testimonial to these efforts. Through this association, we at BYPL aim to reiterate our commitment to energy efficiency, sustainable growth and strengthen our commitment to play a significant role in the EV Sector,” PR Kumar, CEO - BSES Yamuna Power Limited (BYPL) said.
How This Tie-Up will Stimulate Adoption of Electric Vehicles
Through this move, EV Motors aims to form an e-mobility ecosystem in the country including offering a connected nexus of PlugNgo EV charging stations and a resilient software platform that involves a payment system for availing the e-charging facility. Both companies, EV Motors, and BYPL will work concertedly to form, manage and maintain charging infrastructure employing PlugNgo’s innovative cloud-based integrated software platform.
“We are delighted to partner with BYPL for collectively transforming the nation's electric vehicle ecosystem. PlugNgo is committed to reducing dependence on fossil fuel-based vehicles by offering energy-efficient solutions. This tie-up plays a major role in boosting the charging infrastructure in the capital thereby accelerating the adoption of electric vehicles in the city,” Commenting on the association, Arvind Gujral, CEO - EV Charging Infrastructure (PlugNgo) said.
The Noida-based company has released its Public EV Charging Outlet branded as 'PlugNgo' in DLF Cybercity, Gurugram. It wants to install more than 6500 charging outlets, having multiple charging stations apiece, spreading throughout the cities, residential areas and businesses in India in the offing.
The Noida-based startup has been founded as an initiative wherein seasoned tech individuals in the automobile industry and related are seeking to offer green solutions. It directs to create a viable e-mobility ecosystem to augment a cleaner and greener atmosphere. Its partnering company, BYPL is a power distribution firm and Joint Venture (JV) between Reliance Infrastructure Limited and GoNCT Delhi. It is one of the foremost DISCOMs, who have been engaging in an EV charging space for the last few years.
How The Indian Government Plays a Role in Increasing the Adoption of EV Vehicle
In October last year, the government announced its vision to have 30 percent electric vehicles and green mobility by 2030. It had also agreed on modifications in the electric vehicle charging guidelines and specifications. The newly amended guidelines will replace the former regulations and standards, which were issued by the Ministry of Power on December 12, 2018, reported Inc42.
“Revised guidelines are more consumer-friendly as they incorporate a number of suggestions received from various stakeholders,” RK Singh, Union Minister of State for Power and New and Renewable Energy (IC) and Skill Development & Entrepreneurship, said in the statement.
“We have tried to address the concerns of EV owners in new guidelines,” Singh said.
According to Global EV Outlook 2019’s report, “electric car deployment has been growing rapidly over the past ten years, with the global stock of electric passenger cars passing 5 million in 2018, an increase of 63 per cent from the previous year. Around 45 per cent of electric cars on the road in 2018 were in China – a total of 2.3 million – compared to 39 per cent in 2017. In comparison, Europe accounted for 24 per cent of the global fleet, and the United States 22 per cent.
According to Tracxn’s report, until December 2019, nearly $40 billion has been infused in the companies developing solutions for the EV sector throughout the world. In this, India records for only approximately 1.6 per cent. Nevertheless, capital infusion in the Indian EV startups has increased from nearly $20 million in 2017 to approximately $406 million in 2019, which is a tremendous increase.
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