Charging infrastructure in India is currently quite under-developed with as many as 26 EVs per
charger available in the country, compared to only 8 in China and 17 in the US.
Increase in Total Registered EV sales: EV sales in India from April to September 2021 grew by 234% on a YoY basis. The low cost of acquisition and need for cleaner last-mile connectivity solutions are driving the electrification of Rickshaws and 2W in the Indian market. eRickshaws, eAutos, and e2Ws are the most promising segments for electrification in India and are expected to account for more than 4 million units by 2025.
Geographical Distribution: Southern India leads the EV Charging market currently, followed by North and West. States like Andhra Pradesh, Uttar Pradesh, Tamil Nadu and Gujrat offer incentives such as Capital interest subsidy, Stamp duty reimbursements, Tax exemptions, SGST (State Goods and Services Tax) reimbursement and Provision of interest free loans to incentivize EV manufacturers. Eastern India continues to be an unexploited potential area for EV Charging due to terrain constraints.
Cost of Charging Equipment and Installation: The charging standard IS: 17017-1 published by BIS recommends both CCS-2 and CHAdeMO. The cost varies depending on the level and type of charging infrastructure—slow, medium, or fast charging. The initial cost of setting up of kiosks and boards with installation of all charger models, charging guns, and wiring is high.
Infrastructure: The lack of proper electric vehicle charging infrastructure poses one of the greatest obstacles for 100% adoption of electric vehicles on road by 2030 in the country. Currently, there are ~900 public charging points in India, which stands as a huge outlier in comparison to china, Japan and the USA that have over 30,000 to 50,000 charging points.
The report titled “India EV Charging Equipment Market Outlook to FY’2026 – Driven by Increasing Adoption of Electric Vehicles along with Implementation of FAME II Policy by Government” provides a comprehensive analysis of the potential of Electric Vehicle Charging Equipment industry in India. The report covers various aspects including the current EV Scenario and charging infrastructure status in India, revenue generated from EV Charging equipment, its segmentations viz Type of Charger – Fast (DC) vs. Slow (AC), Type of Charging Stations, Application (4W vs. 3W vs. 2W), Geographic Distribution, Distribution Channel and By Organized and Unorganized Sector, major trends and development, issues and challenges, government regulations and product analysis. The report concludes with market projections for future of the industry including forecasted industry size by revenue along with analyst recommendations and key market opportunities.
Key Segments Covered in India Electric Vehicle Charging Equipment Market:-
By Type of Charger
Fast (DC Chargers)
Slow (AC Chargers)
By Type of Charging Stations
By Geographic Distribution
By Distribution Channel
By Organized and Unorganized Sector
Key Target Audience:-
Multiple Unit Dwellings and Transport Infrastructure
Time Period Captured in the Report:-
Historical Period: FY’2016-FY’2021
Forecast Period: FY’2021-FY’2026
LUBI EV Solutions
Okaya Power Group
P2 Power Solutions
RRT Electro Power (P)
Uznaka Solutions Pvt. Ltd.
Key Topics Covered in the Report:-
Overview of India EV Market
Genesis and Overview of India EV Charging Equipment Market
Charging Infrastructure for India EV Market
India EV Charging Equipment Market Segmentations
Overview of Charge Point Operators in India
Competition Analysis : Market Share of Charge Point Operators in India, FY’2021
Product Landscape of Key Manufacturers (ChargeMOD, AEIDTH Technologies , ABB, Lubi EV Solution, Mass Tech, P2 Power Solution , RRT Electro Power)
Government Initiatives and Regulations in India EV Charging Equipment Market
SWOT Analysis of EV Charging Equipment Market
Key Trends in India EV Charging Equipment Market
Issues and Challenges in India EV Charging Equipment Market
Impact of COVID 19 on EV sales
Outlook and Future Projections for India EV Charging Equipment Market
Future Plans on Establishment of Charging Stations in India
Recommendations / Success Factors
For More Information on the research report, refer to below link:-
Sri Lanka, Bangladesh, Nepal and Bhutan Automotive (Light Vehicle, Heavy Vehicle, Two Wheelers, Taxi, Earth Moving Equipment, Power Tiller, Medium Vehicles, Heavy Buses, Tractor, Medium Buses, Electric Vehicle) Industry Outlook to 2025
Ankur Gupta, Head Marketing & Communications