India requires 1.32 mn EV charging stations by 2030: CII report

livemint.com:

New Delhi: India may need a minimum of 1.32 million charging stations by 2030 to facilitate the rapid adoption of electric vehicles (EVs), according to a report released by the Confederation of Indian Industry (CII) on ‘Charging Infrastructure for Electric Vehicle’. The report said the fervent support for electric vehicles from both the central and state governments has led to increased consumer options and awareness, contributing to an exponential surge in EV uptake during 2022, showing a remarkable threefold increase compared to the preceding year.

Keeping up with this momentum, in a business-as-usual (BAU) scenario with an annual growth rate of 40%, it is projected that approximately 106 million EVs will be sold every year by 2030. To ensure an ideal ratio of 1 charger for every 40 electric vehicles, India will need to install over 4,00,000 charging stations annually, with a cumulative total of 1.32 million chargers by the targeted year.

The CII report, developed in collaboration with Edelman, marks the second installment in a series of its reports focusing on the ‘Roadmap for Future Mobility 2030.’ Vipin Sondhi, chairperson – CII National Committee on Future Mobility 2022-23 (last year) and former MD & CEO, Ashok Leyland and JCB said, “The Government of India has set the ball rolling on accelerated adoption of EVs, aiming to achieve sales penetration of 30 per cent for private cars, 70 per cent for commercial vehicles, and 80 per cent for two and three-wheelers by 2030. The foundation for this will be laid by the creation of robust charging infrastructure." “This presents a huge opportunity for India and the Indian industry", said Sondhi.