India needs to set up 46,000 EV charging stations by 2030 to match global benchmark
PTI, Jul 30, 2022, 11:39 AM IST
Representative Image (Source: Flipboard)
India needs to set up 46,000 electric vehicle charging stations by 2030 to reach global benchmark, suggests a white paper released on Friday.
EV charger ratio is 6 both for China and the Netherlands, 19 for the US while it stands 135 for India. That means there is one charger per 135 EVs in India compared to 6 in China, the white paper by Alvarez and Marsal, a global professional services firm, stated.
The paper was launched at an electric vehicle conference, The EVConIndia 2022, here.
The paper highlighted some key challenges affecting EV adoption and talked about six key issues of affordability, range anxiety, supply chain, product safety & quality, and inadequate access to financing.
With a large automotive industry and pollution issues, India is ripe for innovation and rapid adoption of EVs in times to come, it said.
Sub-segments of the industry can grow at a compounded average growth rate of of 50-100 per cent over the next five years if supply chain, product safety, product and battery innovation, charging infrastructure, and financing obstacles are removed, the paper suggested.
“We believe that if these issues can be addressed by a concerted effort by the industry along with the government support, India can potentially become one of the leading markets and manufacturing hubs globally for the EV segment.” Manish Saigal, Managing Director, Alvarez & Marsal India.
Speaking at the conference, Niti Aayog Adviser (Infrastructure Connectivity & Electric Mobility) Sudhendu J Sinha said, “We want to use these disruptive times to become the manufacturing hub of the world. We want to be leading exporter (nation) for EV components and batteries”.
Sinha further explained that to achieve that aspiration, “it is vital that the quality standards are top-notch, the businesses must have better control over the supply chain, and ethics should be the unshakable backbone of the industry”.
Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.
Top News
Related Articles More
Royal Enfield forays into electric bike segment; unveils first model under Flying Flea brand
Maruti Suzuki looks to cash in on ‘few lakh marriages’ in Nov to carry festive sales momentum
Auto sales grow in mid-to-high single digits during Navratras, rural sales muted: Report
Car makers witness record sales on Dhanteras; Oct bookings up by 30%
State not empowered to frame rules for motor driving schools: HC
MUST WATCH
Latest Additions
Salman Khan gets another threat, asked to cough up Rs 5 cr
Mangaluru: Vishwa Konkani Samaroh to be held on Nov 5 and 6
Canadian cop suspended for attending pro-Khalistan protest outside Hindu temple
Rahul Gandhi to attend caste census meeting in Hyderabad today
Udupi: Gas cylinder explosion during party causes extensive damage in apartment
Thanks for visiting Udayavani
You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.