A report released by the Confederation of Indian Industry (CII) on ‘Roadmap for Future Mobility 2030: Charging Infrastructure’ has said that a firm push by the governments at the central and state levels for electric vehicles has increased consumer choice. Along with better awareness, there has been an exponential growth in EV uptake in 2022, resulting in 3X increase over the previous year. Going by this trend, even in a business-as-usual (BAU) scenario of 40 per cent year-on-year growth, about 106 million EVs will be sold every year by 2030. To achieve a ratio of 1:40 charging infra to EVs, India will need to install more than 400,000 chargers annually with a total of 1.32 million chargers till 2030.
The CII report done in collaboration with Edelman is second in series of CII reports on ‘Roadmap for Future Mobility 2030’