The electric vehicle (EV) industry in India is among the fastest-growing industries in the world and is evolving quickly to remain an integral component of the nation’s strategy to reduce its carbon emissions and combat climate change. History has been made as EV sales crossed the 2 million mark last year.
The Indian EV segment has a projected increase of 66.52% CAGR, anticipating to hit US$ 113.99 Bn by 2029, growing from US$ 3.21 Bn in 2022. This growth is driven by rising demand for more environmentally friendly and sustainable modes of transport. Noticeably, the Indian government has set an ambitious target of achieving 30% EV penetration by 2030, however, to build on this, factors like range anxiety and robust charging infrastructure need to be addressed. The action plan on this was reflected in a certain degree during the recently held Bharat Mobility Global Expo 2025 where over 8.5 lakh people visited to look at the products and services showcased by the auto and allied industries.
Mobile EV charging stations can be crucial in emergencies. Imagine being stranded on a road without a charging station in sight. Solutions like mobile EV chargers could help significantly reduce EV owners’ anxiety with charging solutions with access anytime, and on-the-go power anytime, thereby preventing stress and delays. These could transform the experience for EV owners and help alleviate this dilemma. Companies like Mobec are already offering such B2B solutions. Such a service solution shall enable more fence-sitters to hop across and be the EV owners and drive or ride around fearlessly, fully aware of their charging options.
A major element of bolstering EV infrastructure has been the various government schemes benefitting both the manufacturer and the consumer. More interestingly, the recent budget for FY ’26 underlines the commitment that the Indian government has to the sector. The initiative supports subsidies and public-private partnerships to catalyze the charging ecosystem development. State governments have also entered the space, offering tax waivers, free registration, and rewards for manufacturers. As a result, there have been considerable capital outlays with overdrive expansion in the works for future years.
Incidentally, a report by the Forvis Mazars shows that many prospective buyers, particularly 58% of them, are wary of demanding EVs because of battery life and shortage of charging points. Various conversations reflect range anxiety as another factor. These problems are most pronounced in rural and remote regions, where charging stations are few and far between.
Most of these mobile charging stations employ renewable sources such as solar and wind energy, significantly furthering the reduction of electric mobility’s carbon footprint and adding to India’s larger ambition of promoting green solutions in a climate-conscious world. In October 2024, EVs consumed 68 million units of electricity, with Tata Power-DDL being responsible for 22.06% of total consumption, making it crucial to create charging points in metropolitan areas like Delhi which further also hints at an action plan for energy dependence on renewable resources that has also seen a significant boost.
Beyond mobile-charging services, automakers are attempting to quell range anxiety. For instance, Maruti Suzuki has a plan to set up fast-charging points every 5 to 10 kilometers in the top 100 cities of India. The company is also undergoing a research study of battery rental services that will help to address the issue of charging time and power availability on the road through Nexa’s Service on Wheels. This initiative will go a long way toward making EVs more convenient and accessible for Indian consumers.
To sum it up, with innovations and market-ready solutions, the trust and adoption of EVs shall continue to see the scale with the overall EV ecosystem giving leverage for the India EV story and unlocking the real value of green mobility. India can embark on a greener and more sustainable future in transport by continuing to invest in solutions.
BY Harry Bajaj, Founder & CEO, Mobec Innovation
