As India moves towards electrifying its mobility market, industry experts are pointing to the lack of charging infrastructure as a significant barrier to the widespread adoption of electric vehicles (EVs). To speed up EV adoption, stakeholders are urging the need to address challenges such as land acquisition, regulatory hurdles, and ensuring grid stability for high-power charging stations. They also highlighted the concentration of charging stations in metro cities, leaving smaller cities underserved, which presents an opportunity for businesses to expand.
A report, set to be released Thursday, reveals that India currently has only one public charger for every 135 EVs. This is significantly lower than the global average of one charger for every 6 to 20 EVs. The study, titled ‘Charging Ahead II,’ was conducted by GameChanger Law Advisors and venture capital firm Speciale Invest. It emphasizes that India needs to build 3.9 million charging stations by 2030 to meet its electrification targets.
To date, $450 million has been invested in startups focusing on charging networks and battery-swapping models. Experts point out that the current approval process for setting up charging stations is complex and time-consuming, leading to delays and increased costs. Saket Rachakonda, senior associate at GameChanger Law Advisors, suggested that a single-window clearance system could streamline the process, benefiting both operators and investors.
Stakeholders also propose creating incentive-driven models similar to IN-SPACe, a platform for private players in the space sector, to boost EV infrastructure development. “Charging infrastructure is critical. Without it, even the best EVs—whether bikes, cars, or electric planes—will struggle with mass adoption,” said Sunil Cavale, investment manager at Speciale Invest.
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