EESL signs MoU with NOIDA to install nearly 100 public charging stations in the city

EESL has signed a Memorandum of Understanding (MoU) with New Okhla Industrial Development Authority (NOIDA) to install nearly 100 public charging stations in the city. It is expected that this step of promoting robust electric vehicle (EV) infrastructure will propel the adoption of e-mobility in Noida.

The MoU was signed by Managing Director Saurabh Kumar and NOIDA CEO Ritu Maheshwari, and NOIDA Chairman Alok Tandon was also present during the signing.

Range anxiety is one of the impediments in adoption of EVs and by boosting the infrastructure this fear can be allays these fears among the customers. Thus robust supporting infrastructure is crtical for adoption of EVs in the country and is key to catalyse consumer confidence in EVs. EESL estimates the initiative will save over 4.04 tonnes of CO2 emissions per e-car per year.

India has launched National E-Mobility Programme with the aim to provide an impetus to the entire e-mobility ecosystem including vehicle manufacturers, charging infrastructure companies, fleet operators, service providers, etc.

The Programme is being implemented by Energy Efficiency Services Limited (EESL) which is a joint venture of four national Public-Sector Undertakings – NTPC Limited, Power Finance Corporation Limited, Rural Electrification Corporation Limited and POWERGRID Corporation of India Limited. EESL leads the market-related activities of the National Mission for Enhanced Energy Efficiency (NMEEE), one of the eight national missions under the Prime Minister’s National Action Plan on Climate Change.

In the 2019 Budget also the government has announced an additional tax benefit of Rs 1.5 lakh on the interest paid on the loans taken for the purchase of EVs. The government plans to decrease the GST rate on EVs from 12 per cent to 5 per cent and has moved to GST council for the purpose.


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