India’s EV industry demands 1.32mn charging stations by 2030: CII report

According to research published by the Confederation of Indian Industry (CII) on "Charging Infrastructure for

Electric Vehicle

The research also stated that the national and state governments' ardent support for electric vehicles has improved consumer alternatives and knowledge, resulting in an exponential rise in EV uptake throughout 2022, demonstrating an amazing threefold increase compared to the previous year.

Maintaining this trend, it is anticipated that by 2030, there would be 106 million annual sales of EVs in a "business as usual" (BAU) scenario with a 40% annual growth rate. India would need to add more than 4,000 000 charging stations yearly, totalling 1.32 million chargers by the target year, in order to guarantee the desired ratio of 1 charger for every 40 electric cars.

The CII report is the second in a series of papers concentrating on the "Roadmap for Future Mobility 2030," and it was created in partnership with Edelman Global Advisory.

The possibility for India and the Indian industry is enormous, according to Sondhi. He demanded favourable legislative conditions at the federal and state levels so that Indian startups, MSMEs, and major corporations could quickly roll out charging infrastructure throughout the nation. India will need to install a massive amount of charging infrastructure, which will enable economies of scale that will convert the nation into a worldwide manufacturing powerhouse for charging stations, resulting in the creation of jobs and exports.

The research also emphasised the major reliance on imported materials for EV charging stations, notably level 3 DC fast chargers, including electrical and semiconductor components, totalling more than $5,800 million from April to December 2022. To encourage domestic manufacturing and lessen India's reliance on imports, the government may want to offer incentives akin to the Production Linked Incentive (PLI) programme under the Aatmanirbhar Bharat initiative, it was suggested. This would give India the chance to establish itself as an international supplier of electric vehicle supply equipment.