Evolving EV Charging Infrastructure in India
April 2021
Electric mobility (e-mobility) sector in India is categorized by the availability of Electric Vehicles (EVs) on the supply side and adoption trends on the demand side. Adequate charging infrastructure is the key prerequisite that will define the adoption trends of EVs in India. EVs carry limited onboard energy in the battery packs which need charging from time to time depending upon the battery pack, size, and capacity.
Charging systems are therefore essential for the sustainable operation of EVs. The charging requirement depends not only on the kind of vehicle (two-wheeler, three-wheeler, four-wheeler, and bus) but also on the utility purpose i.e. passenger or commercial. The Government of India has set a target to electrify 70% of all commercial vehicles, 30% of private cars, 40% of buses, and 80% of two-wheeler and three-wheeler sales by 2030. This target entails simultaneous penetration of charging stations across India.
The Government of India has been supporting the EV industry through schemes such as FAME1 and FAME2 with a major focus on charging infrastructure. The industry players too have been quite optimistic and shown an active interest in the overall EV Charging ecosystem. While EVs are being worked upon by major OEMs, an ecosystem for the development of chargers, charging stations, and other services are steadily being built.
The charging infrastructure is the backbone of electric mobility but is also one of the keys perceived barriers to EV adoption in India given its limited availability and long charging times.
India is picking up the pace in setting up the charging infra but not as much as is there in other regions like European Union (EU), USA or China. High operating cost, Discom load, and the uncertainty related to utilization rates of charging stations are holding back the charge operators from expanding their current reach.
Table of Contents
Introduction | 3
Market Overview | 6
Central and State Government Initiatives | 16
Key Market Drivers | 25
Challenges | 26
Key Players | 29
Conclusion | 33
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