EV charging facilities far less than the number of EVs in India: Report

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While over the years, several new EV brands have emerged in India to develop cheaper and better vehicles, the country has long lacked EV charging stations. Despite several government initiatives, following the interest of private players, there is a dearth of EV charging facilities in India, and even after some time, they may not be available everywhere.

Having said that, the country needs to install more than thousands of EV charging facilities every year to get closer to some developed and developing countries like US and China respectively.

India needs 46,000 EV charging stations in eight years

According to a white paper released by a global services firm named Alvarez and Marsal, India needs to install a minimum of 46,000 electric vehicle charging stations over the next eight years to catch up to countries like the United States and China.

Currently, the ratio of the number of electric vehicles produced and on the road is out of proportion to the number of EV charging stations available. This is not the case with other regions such as the US and China.

For example, in the US, there is one EV charging station for every 19 electric vehicles. It’s even better in China, where there is one EV charging facility for every six EVs. It all, of course, depends on the population of the country and many other factors, however, China has a large population. That being said, it is plausible to have a good ratio of the number of EVs to the number of EV charging stations.

When it comes to India, there is one EV charging station for every 135 EVs, which seems out of place. The Netherlands is also said to have a similar proportion, but we cannot forget that it has a much smaller population.

Lack of adequate EV charging facilities in the EV space is a problem. The white paper also revealed some other hurdles faced by the EV sector in India, which slow down EV adoption in the country. These include safety considerations, high prices and range concerns among EV buyers.

Manish Sehgal of Alvarez & Marshall believes that these issues can be overlooked and India could potentially become one of the EV leaders in the near future.

Sehgal said, “We believe that if these issues can be addressed with a concerted effort by the industry with support from the government, India could potentially be one of the leading markets and manufacturing hubs globally for the EV segment. can become one.”

Post-EV charging facilities are far less than the number of EVs in India: The report first appeared on BGR India.



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