Uttar Pradesh Seeks Private Cash for EV Revolution!

In an effort to encourage green mobility and EVs, Uttar Pradesh has given private enterprises permission to expand the state’s EV charging infrastructure.

UP led the nation’s charts with a 16 percent share, selling around 83,100 Electric Vehicles in the fiscal year 2023–2024.
The Yogi Adityanath administration is now developing a plan to use the public-private partnership (PPP) model to increase the network of EV charging stations.

The private partner will finance the outlets, while UP will supply government land. Among other places, the charging stations will be positioned on public areas, highways, and motorways.

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Private investment in EV infrastructure and green mobility is sought by the Uttar Pradesh government

A senior government official declared, “We will build a network of EV charging stations across 75 districts to promote eco-friendly transportation.” Adani Group, Hinduja Group, and Tata Power have pledged to invest in UP’s green energy and mobility plan as part of its roadmap. Additionally, the UP Electricity Regulatory Commission (UPERC) has permitted charging station electricity costs to be lowered. In order to hasten the adoption of Electric vehicles, the state also established UP Renewable and Electric Vehicle Infrastructure. It will accelerate green mobility and aid in the reduction of carbon emissions.

Under the Pradhan Mantri E-Drive Yojana, UPREV is obtaining a Rs 2,000-crore subsidy to support charging infrastructure.

There are already roughly 800 electric buses operating on UP highways in addition to electric automobiles, electric two-wheelers, and e-rickshaws.
Tata electricity is optimistic about the UP green agenda, which covers solar electricity, green hydrogen, mobility, and solar microgrids. According to Praveer Sinha, managing director and CEO of Tata Power, the business has installed 230 charging stations in Uttar Pradesh and intends to expand.

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A research estimates that 50 million Electric Vehicles may be on Indian roads by 2030, necessitating the installation of about 1.32 million Electric vehicle charging stations.
India’s EV market is predicted to grow to over $48 billion by 2030 due to rising demand, especially for two-wheelers (2W) and three-wheelers (3W).

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