India’s Rapid EV Adoption

India represents a crucial market for EV charging infrastructure expansion. EV sales in India nearly doubled in 2023 and are projected to grow by 66% in 2024, accounting for 4% of total passenger vehicle sales. The Indian government is actively promoting EV manufacturing and supporting the expansion of EV charging infrastructure, which currently consisting of over 12,000 public charging installations.

Statements from Leadership

Sunny Trinh, CEO of DevvStream, emphasized the importance of carbon markets as a funding source for technology providers like E-Fill. He noted that the EVCCOP would create a lucrative revenue stream for E-Fill, financing further network expansion. Mayank Jain, CEO of E-Fill Electric, highlighted the company’s commitment to scaling up EV charging infrastructure in India and leveraging revenues from DevvStream’s program to generate high-value carbon credits.