In India, the charging infrastructure for EVs is still in its nascent stage, and there is a need for significant investments to establish a robust network. Creating a localised quality EV charging infrastructure requires several requisites such as adequate power supply, proximity to streets where EV’s operate especially in commercial areas and highways, standardising charging equipment for convenience of EV users through agreements with the government bodies along with smart charging solutions to optimise the use of renewable energy sources.
With the growing rate of EV adoption in the country, we have seen an increase in the number of charging stations in the country. According to the data revealed by Vahan dashboard, as of January 23, 2023, India had 5,254 public electric vehicle (EV) charging stations, to cater to a total of 20.65 lakh EVs. Another study by Counterpoint Research showed that India is expected to have 10,000 public charging stations by end of 2025.
However, these numbers are not enough to meet the growing demand of EVs. To fulfil the growing demand for EVs, India would need 20.5 lakh charging stations by 2030.
There is a significant gap in the demand and supply of charging infrastructure in India. The most common challenges faced by public and private players in this segment include limited availability of installation space, lack of charging infrastructure and high installation costs, among others for setting up charging stations.
We spoke to a few players in the domain about the challenges and the efforts they are taking to fulfil the gap in the Charging Infrastructure.
INSTALLATION COST
This story is from the June 2023 edition of The Machinist.
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This story is from the June 2023 edition of The Machinist.
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