India electric vehicle charger market is anticipated to grow at a CAGR of over 25.0% during the forecast period, 2019-2025. The cohesive government regulations to increase sales of EVs are a key factor creating demand for charging infrastructure in the country. Under Phase-II of the FAME India Scheme, the Government of India (GoI) intends to support the development of EV charging infrastructure by extending capital grants to organizations for promoting the use of electric vehicles. Around $140 million (10% of the total budget) was allocated for the charging infrastructure with a target of setting up 2,700 charging stations in cities with above 4 million population.
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To meet this target GoI also had invited proposals for the installation of charging stations for EVs on major highways and expressways. For this, the Department of Heavy Industry has created the draft of Expression of Interest (EoI) to invite proposals from government organizations, PSUs, and other public and private entities to build and operate public EV charging infrastructure. These proposals have been invited to install charging stations at Ahmedabad-Vadodara, Agra-Lucknow, Eastern Peripheral, and Bengaluru-Chennai, Bengaluru-Mysore, Delhi-Agra, Mumbai-Pune, Surat-Mumbai, and Hyderabad-ORR expressways among others.
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Market Coverage
- The market number available for – 2018-2025
- Base year- 2019
- Forecast period- 2019-2025
- Segment Covered- By Ownership, By Charger Type, By Connector
- Competitive Landscape- ABB Ltd., Ather Energy Pvt Ltd, SemaConnect, Inc., Siemens AG, ZEVpoint
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How COVID-19 impacted the market?
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
India Electric Vehicle Charger Market Report Segment
By Ownership
- Public
- Private
By Charger Type
- Slow Charger
- Fast Charger
By Connector
- AC Connectors
- DC Connectors
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
