8,738 Public Charging Stations for Electric Vehicles Operational in the Country
Notable because
India’s electric mobility transition has so far been dominated by just two categories – namely, two-wheelers and e-rickshaws. Together, they account for ~95% of EV volumes. As these vehicles can be easily charged in a residential setting or even in unorganised charging hubs, their volumes have grown without much recourse to organised public charging infrastructure. However, a holistic transition will require volumes to grow across all categories, including four-wheeler passenger cars.
What to look out for in the months ahead
Achieving India’s vision for electric mobility by 2030 (as presented by NITI Aayog) would require a formidable USD 206 billion in terms of consumer spending. In comparison, the investment requirement for corresponding charging infrastructure is estimated to be USD 2.9 billion. Can meeting the relatively modest investment requirements of charging infrastructure organically catalyse the far larger consumer spend amount?