Over 3,800 investors eye EV charging stations

In a major development towards establishing electric vehicle (EV) infrastructure across the country, more than 3,800 investors and companies have expressed interest in setting up EV charging stations, officials revealed on Sunday.

According to Managing Director of the National Energy Conservation Authority (NEECA) Dr Sardar Moazzam, around 30 to 35 operational EV charging stations have already approached the registration authority.

International and local companies are showing a growing interest in investing in EV charging networks. So far, NEECA has issued licenses to 71 EV charging stations, while another 128 applications are currently in the registration pipeline.

"Companies are also interested in establishing battery-swapping infrastructure alongside charging stations," he added, noting that information exchange with local and international firms is actively underway.

Some companies are in the final stages of completing documentation for their EV station licenses. The government has recently reduced the electricity tariff for EV charging stations, a move that has boosted investor confidence. "A license is issued within 15 days of completing the required documents," Dr Moazzam said