Tata Power plans to install 500 Electric Vehicle (EV) charging outlets across five cities over the next one year as the integrated power company readies the ground for the transition to battery-powered vehicles.
Tata Power Managing Director and CEO Praveer Sinha told BusinessLine that the charging stations are being installed in Delhi, Mumbai, Bengaluru, Pune and Hyderabad. In Hyderabad, the company is working with fleet owners.
Affordability
Till date, most EV owners have been charging from their homes or offices. “However, as the adoption goes up, there will be a requirement of slow and fast charging,” he said. The Centre recently lowered the GST rate on EVs to 5 per cent from 12 per cent and has made EVs affordable for consumers with additional income -tax deduction.
