How to Tap The Vast Potential of Electric Vehicle Charging In India
2020-12-08 15:30 - 17:00 (Asia/Kolkata)
The global electric vehicle charging stations market size is expected to showcase a significant growth by reaching USD 100.96 billion by 2027 while exhibiting an astounding CAGR of 23.24% between 2020 and 2027. In India, only the installation of charging infrastructure is projected to grow at a CAGR of 42.38%. This is attributable to the increasing government fund to develop electric charging infrastructure and the growing demand for electrification of vehicles across the globe.
Electric vehicle chargers now outnumber gas stations in some countries. They’re getting easier to find, install and they’re getting way smarter. So The billion-dollar question today is: How can we tap the vast potential of electric vehicle charging in India. Putting some rest to the famous ‘Chicken & Egg’ story, The charging infrastructure needs a big push to stimulate widespread adoption of EVs. As the mainstream OEMs begin to roll out EVs, it’s high time not to be just ambitious in creating charging networks but also to expand the existing charging infrastructure exponentially to meet the market demand and consumer expectations.
Major automobile companies are already in the drive to launch their EV in India before 2020-21. However, the major hindrance to widespread acceptance of EVs in the Indian market is the lack of presence of EV charging stations or the Electric Vehicle Support Equipment (EVSE). Large utilities and energy companies are making investments in E-vehicle charging networks. The prospects are good for stronger growth in both light-duty consumer vehicles and commercial vehicle electrification.
Seeing the immense potential for the business opportunities in the EV charging infra space, EMobility+ brings an expert talk on How to Tap The Vast Potential of Electric Vehicle Charging In India to help EVSE Manufacturers, developers, suppliers, investors as well as the new entrants in better understanding the working of the business as well as the ROI structure.
