India Requires 1.32 Million EV Chargers by 2030: CII Report
In order to fulfill the predicted demand, which is expected to reach 1.32 million chargers by 2030, India must install over 400,000 EV chargers yearly, according to a recent estimate by the Confederation of Indian Industry (CII).
The paper, the second in a series titled “Roadmap for Future Mobility 2030” and created in partnership with Edelman, stresses the necessity of a charging infrastructure in order to keep up with the rapid expansion of EVs in India.
Consumer acceptance of electric vehicles has improved as a result of government initiatives. The usage of electric vehicles increased three times over the previous year in 2022. According to the estimate, 106 million EVs will be sold each year by 2030 if the current pattern of 40% yearly growth holds true.
The research advises India to maintain a 1:40 charging infrastructure to EV ratio in order to support this increase. By 2030, there will need to be 1.32 million chargers installed, which would need the installation of more than 400,000 chargers annually.
Mr Vipin Sondhi, Chairperson – CII National Committee on Future Mobility 2022-23 (last year) and Former MD & CEO, Ashok Leyland and JCB said, “The Government of India has set the ball rolling on accelerated adoption of EVs, aiming to achieve sales penetration of 30 percent for private cars, 70 percent for commercial vehicles, and 80 percent for two and three-wheelers by 2030. The foundation for this will be laid by the creation of robust charging infrastructure.”
India will need to install a massive amount of charging infrastructure, which will enable economies of scale that will turn the nation into a worldwide manufacturing hub for charging stations, resulting in the creation of jobs and exports.
A list of suggestions has been included in the study to aid in achieving this objective. The rationalization of demand charges based on actual consumption and the creation of a single-window method are offered as ways to streamline the licensing process for public charging infrastructure.
Furthermore, it is suggested that charging networks be incorporated into both new and existing municipal planning. A special purpose entity (SPV) should be created to construct charging infrastructure networks in Tier 2 and Tier 3 towns, as well as rural areas, in order to have a larger reach.
The Aatmanirbhar Bharat program’s incentives may stimulate indigenous production of EV charging station components, reducing reliance on imports and helping India move closer to becoming a major supplier of electric vehicle supply equipment globally (EVSE).
A combined strategy of open access, distributed renewable energy (DRE) through commercial and industrial sectors, and net metering with local and grid storage systems is suggested in the paper, which also encourages the use of only renewable energy sources for charging stations.
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Content Credit: ET Auto