MapmyIndia Mappls, Delhi Govt enter MoU to develop decision-making tool for EVs; stock gains ~1%

29 Sep 2022 , 01:52 PM

The Delhi Government and MapmyIndia Mappls (C.E. Info Systems) signed a Memorandum of Understanding today to establish a web application that would be a geospatial decision-making tool to enable effective sighting of EV charging stations.

The application will aid in the development and deployment of a citywide network of accessible and linked EV charging stations.

The web application may locate existing Government buildings, housing complexes, shopping centres, hospitals, and nursing facilities with significant vehicle dwell time. Because EVs charge when they are idle, these places can be evaluated for the installation of charging points to fulfill the charging needs of electric cars in the city.

This information may be further developed by adding a layer of affluence to assess inhabitants’ income levels and then used to calculate the car profile and hence charge requirements of the individuals in a region.

Delhi has developed one of the most advanced and comprehensive sub-national EV regulations in the country, serving as an example for other states.

More than two years after its implementation, the policy is already providing the necessary push to speed the long-desired transition to EVs and establish thresholds capable of triggering mainstream adoption.

C.E. Info Systems was trading at Rs1,343.50 apiece, up by 1.36% from its previous closing of Rs1,325.50 on the BSE. The scrip touched intraday high and low of Rs1,351 and Rs1,322 respectively.

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