In a major push toward achieving net-zero emissions by 2070, India is accelerating its shift to electric vehicles (EVs), a transition poised to strengthen the economy and support the national target of 30% EV penetration by 2030. Backed by robust government policies and a dynamic research and development ecosystem, the country’s EV momentum is gaining significant traction, according to a new report titled “India Electric Vehicle Charging Infrastructure Market Overview,” released by the India Energy Storage Alliance (IESA) and Customized Energy Solutions (CES).
The report forecasts a dramatic rise in EV adoption, projecting 123 million electric vehicles on Indian roads by 2032, in line with the National EV Targets (NEV) scenario. This surge underlines India’s long-term commitment to sustainable transportation and decarbonization.
The report highlights that India’s cumulative on-road EV population grew nearly twelvefold from 0.35 million in 2019 to 4.4 million in 2024. This rapid growth has been supported by the FAME-II scheme, which offers demand-side incentives for two-, three-, and four-wheelers and capital subsidies for public charging infrastructure.
Electric two- and three-wheelers accounted for over 93% of India’s EV stock in 2024, while electric four-wheelers made up around 6%, and buses and trucks less than 1%. Notably, the personal electric four-wheeler (E4W) segment is playing a pivotal role in expanding residential charging infrastructure.
Vinayak Walimbe, the Managing Director of Customized Energy Solutions India Pvt Ltd. says, “By 2032, IESA and CES projects that India’s on-road EV stock could reach approximately 49 million (Worst Case), 60 million (Business-as-Usual), or 123 million (NEV scenario). The NEV scenario is based on the EV30@30 ambition, assuming that by 2030, EV penetration reaches 80% for electric two- and three-wheelers, 30% for private electric four-wheelers, 70% for commercial cars, and 40% for electric buses—fully aligning with NITI Aayog’s vision for transport electrification.”
In 2024, India had about 220,000 personal E4Ws, predominantly reliant on Type-2 AC chargers installed in homes. The country had around 320,000 private chargers, with 70% rated at 3.3 kW, 28% at 7.4 kW, and the remaining as high-capacity 11–22 kW units. Public and captive charging stations totaled approximately 76,000, with a combined capacity of 1.3 GW. While AC-001 chargers dominated in numbers, CCS2 chargers led in installed capacity, reflecting the growing demand for high-power DC fast charging.
Debmalya Sen, President of IESA, emphasized the need for infrastructure scale-up: “To support the projected EV growth, we can anticipate that India’s cumulative installed EV charging points—public and captive—will need to grow nearly 12 to 28 times, from around 76,000 in 2024 to between 0.9 million and 2.1 million by 2032. Installed charging capacity must also scale more than 17 times, rising from 1.3 GW to 23 GW, depending on EV adoption and infrastructure utilization levels.”
Under different adoption scenarios by 2032, India’s EV fleet could include 4.3 to 10 million electric four-wheelers and 450,000 to 1.1 million electric buses and trucks. These segments are expected to drive demand for high-capacity charging infrastructure, especially for public and fleet-based networks.
India’s EV push, underpinned by government incentives and visionary planning, is expected to significantly reduce emissions, improve energy security, and generate economic opportunities—solidifying its role as a global leader in clean mobility.
