Category: Other

The electric vehicle (EV) infrastructure market is anticipated to witness a robust growth of more than 30% during the period 20192028. The EV industry in India is growing significantly. However, adequate infrastructure for charging an electric vehicle is essential for the growth of the EV market in India. The Government of India has set a target to convert 70% of all commercial vehicles, 30% of private cars, 40% of buses, and 80% of two wheeler and three wheelers sales into EVs by 2030. This target requires a sufficient number of charging stations across India. The main growth drivers for India's EV infrastructure market are strong government promotion and coherent policies, as well as industry initiatives. Players in the industry were also optimistic and showed a positive interest in developing the entire EV infrastructure. The government will also introduce financial and financial incentives to support this growing technology.