EV Market Fast Charging Stations- MG Motor Gear for India
After the market launch of its MG ZS electric vehicle (EV), MG Motor India is all set to establish a charging infrastructure in the country. With this agenda, the British brand owned by Chinese company SAIC Motor announced on Tuesday (19 November) that it had set up its first EV fast-charging station in Gurugram.
In July 2019, the company partnered with fintech-based cleantech company Fortum Charge to set up 50 kW CCS and Chademo DC public fast-charging stations for EVs across India, including Delhi-NCR, Hyderabad, Mumbai, Bengaluru, and Ahmedabad. These charging stations can be accessed through the Fortum mobile app with compatible EV and MG motor EVs.
The company has partnered with Delhi-based eChargeBays to pursue the establishment of charging stations at consumers’ homes.
MG Motor India Chairman and Managing Director Rajiv Chaba said that the company wants to provide adequate charging infrastructure for its first set of customers, as the charging infrastructure is important for the Latest Electric Cars in the market. The company believes that this is the first step towards creating ecosystem EVs.
In addition, the company said that the launch of its MG ZS electric vehicle aligns with the government’s long-term plans to have more electric vehicles in the country. The price of the electric vehicle is stated to be around INR 25 lakhs.
MG Motor’s EV batteries are being manufactured in China, however, in the last two years, the company has opened its battery assembly plant in India, which will be for the ZS EV as well as other products in India. Interestingly, it has a 44.5 kWh battery, which can run up to 350 km on a full charge. Last month, MG Motor India announced Benedict Cumberbatch as the face and ambassador for their upcoming electric car “MG ZS EV” in India.
The government is also drafting EV friendly policies with a focus on infrastructure and capacity building. Finance Minister Nirmala Sitharaman said in the Union Budget 2019 that India will invite global companies to set up advanced manufacturing sectors including lithium storage batteries and charging infrastructure in the sunrise and advanced technology sectors.
In a recent report, India had 650 charging stations in 2018, while China had more than 456K charging points in a single year. Additionally, the lack of private parking space and the lack of affordable renewable energy to charge EVs are slowing the progress of the EV market. However, in the recently proposed FAME II policy, the government is aggressively looking to improve EV infrastructure in the country.
Under this policy, the government proposed to invest INR 10K Cr ($ 1.4 Bn) over the next three years to support 10 lakh two-wheelers, 55K four-wheelers, and 7K buses operating on lithium-ion batteries.
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