Rs 16,000 crore capex required to meet public EV charging demand by 2030: FICCI report
EV charging demand and to achieve the mission of over 30 per cent electrification, as per a report by industry body FICCI.
According to the 'FICCI EV Public Charging Infrastructure Roadmap 2030' put out on Monday, to achieve profitability and scalability, India needs to aim for higher utilization of charging stations.
The report further suggests that the top 40 cities could be prioritized for scaling up public charging infrastructure. The report argued that those top cities are expected to have higher EV penetration in the next 3-5 years given the current EV adoption rate, and favourable state policies.
With requisite demand and supply side enablers in place, India can achieve its mission of 30-40% electrification by 2030, the FICCI report asserted.
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