Electric vehicles to get a boost, Telangana to give subsidy to Indian Oil
HYDERABAD: The State government in a bid to encourage the use and purchase of electrical motor vehicles is providing subsidised power tariff to Indian Oil for setting up charging stations across the city.Government also plans to join hands with a firm, RacENERGY, to initiate a battery swapping system in local kirana stores for autorickshaws at subsidised rates.
Speaking to Express, IT and Industries Principal Secretary Jayesh Ranjan said, “Indian Oil is planning to set up charging stations for electric motor vehicles across the State, as they already have the infrastructure. The State government will provide them with subsidised tariffs for electricity. Meanwhile, we are also tying up with a firm called RacENERGY, that will provide a battery swapping system which will be beneficial for autorickshaw drivers. They will be able to locate the nearest grocery store via an app where they would be able to swap a used battery for a fully charged one.” The Telangana government recently launched the ‘Telangana Electric Vehicle & Energy Storage Policy’ with a vision to make the State a hub for electric vehicles (EVs) and energy storage systems (ESS).
