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India to have liberal norms for electric vehicle charging stations

 

New Delhi: Indian Govt. is set to put in place liberal rules for charging stations to power electric vehicles, seeking to facilitate rapid expansion of the infrastructure required to support its ambition of an all-electric fleet on roads by 2030.

The idea of liberal framework for charging stations will accelerate the use of electric vehicles, which could bring economies of scale and prices down.

The Central Electricity Regulatory Commission is developing the norms.

For instance, the norms under preparation will not require Govt. and private firms that will set up charging stations for captive use to possess an electricity retailing licence.

Only entities that get into the business of charging stations and retail electricity to third-party vehicles will require such a licence, persons familiar with the development informed.

The government is procuring 10,000 electric vehicles, the competitive bids for which resulted in a 25% reduction in the price of the contracted vehicles from their prevailing market price.

Energy Efficiency Services Ltd (EESL), which is procuring these vehicles, follows a business model of making upfront investments in energy-efficient equipment, which it recovers from customers over a period from the savings they make in energy consumption.

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