Report Overview

2023

Base Year

2018-2023

Historical Year

2024-2032

Forecast Year

India EV Charging Market Size

The India EV charging market reached a volume of approximately 1.28 million units in 2023. The market is further expected to grow at a CAGR of 22.20% between 2024 and 2032, reaching a volume of 7.80 million units by 2032.

 

India EV Charging Market Outlook

  • India has 1 charging station for around 135 electric vehicles, which increases the chance of the country achieving its EV adoption goals for 2030.
  • As per India EV charging market report, Karnataka leads in terms of public EV charging stations, with 5,059 stations as of 2023. Bengaluru Urban district has the most with 4,281 stations, which is 85% of the state's charging infrastructure.
  • As per industry reports, other states with a significant number of public EV charging stations include Maharashtra (3,079), Delhi (1,886), Kerala (958), Tamil Nadu (643), Uttar Pradesh (583), and Rajasthan (500).

 

India EV Charging Market Report Snapshots

India EV Charging Market Size

India EV Charging Market Share

India EV Charging Market Growth

India EV Charging Market Trends

India EV Charging Market Regional Analysis

India EV Charging Companies

 

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*

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Outline the Scope

Key Questions Answered in the Report

In 2023, the India EV charging market reached an approximate volume of 1.28 million units in 2023.

The market is expected to grow at a CAGR of 22.20% between 2024 and 2032.

The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach 7.80 million units by 2032.

The major market drivers include the increasing sales of electric vehicles, introduction of favourable government policies, and improvement of charging infrastructure in commercial spaces.

The key trends fuelling the growth of the market include technological advancements in EV charging, popularity of portable EV charging, and reducing costs of electric vehicles.

EV cars or electric cars refer to cars that operate on electricity rather than traditional fuels.

Regions considered in the market are North India, East and Central India, West India, and South India.

The various locations of EV charging in the market include retail spaces, workplaces, street parking, highways, and depot, among others.

Key players in the market are Tata Power Company Ltd., Ather Energy Private Limited, Delta Electronics, Inc., TechSo ChargeZone Ltd, Reliance BP Mobility Limited, Brightblu Holding B.V, BPM Power Private Limited (chargeMOD), ABB Ltd., Charzera Tech Private Limited, Sharify Services Pvt Ltd, among others.

High initial investment, technological challenges, and supply chain disruptions are hampering the market growth.

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