EV Charging Station Infrastructure in India

What is an EV charging station?

An electric vehicle charging station is a setup that connects an electric vehicle (EV) to an electric source for recharging electric vehicles at charging stations. Few charging stations have cutting-edge features like smart metering, cellular capability and network connectivity.

For charging at household or in the workplace, few EVs have on-board converters that can be plugged into a standard electrical channel or high-efficiency appliance channel. Others may require or use a charging station that offers electrical conversion, monitoring or security functionality.

 

Types of EVSE?

 

The EVSE or charging equipment can be categorized as-

1) AC charging devices and

2) DC charging devices.

 

Owner of EVSE?

In April 2018, the Ministry of Power issued an order, stating that EVSEs buying power from DISCOMs and selling EVs would not be considered as a resale or electricity business. Now anyone can apply for a new connection for EVSE and start the business.

 

EVSE Business Model:

The ev charging stations in India are rising as the amount of electric vehicles on the road is growing on a daily basis. Various government initiatives to control pollution are a major factor behind the growing number of electric vehicles on the road which is also a factor for growing number of charging stations. More number of car charging stations can be seen in western countries and in India, multi charging infrastructure is setup for recharging 3-wheelers and 2-wheelers.

Also, according to the recent news article from the Economic Times, From April 2023 the government aims to mandate the auction of lone electric three wheelers vehicles, though all new two wheelers vehicle with 150 cc which driving out of showrooms and might have to be powered by electricity from April 2025.

If this is approved in Parliament, the country will see a huge roar in the electric vehicle charging infrastructure, which will create a huge opportunity for prospective investors.

Presently, there are only 150 ev charging stations in India, and the Government of India has fixed an aspiring target to meet the demand and set up a charging station every 25 kilometers on each side of the city.

According to the sources, the Indian electric vehicle marketplace is expected to rise at a CAGR of more than 37% for the period of FY2018-FY2023.

The growth of government plans such as adoption of environmentally friendly electric vehicles, increasing consumer tilt towards electric vehicles, rising concerns over the harmful effects of air pollution, and incentive schemes to promote heavy investment by various OEMs are expected to drive strong market growth. OEMs focus on developing more inexpensive and exceptional electric vehicles in the coming years.

Also, according to the sources, predicts that the marketplace for electric three wheelers in India will cross USD 1 billion FY 2023F.

The reason for the growth in the market is the need to control air pollution levels and to increase the government's incentive schemes to backing manufacturing and encourage the use of electric three wheelers.

Additionally, the growing capacity of electric three-wheelers are also improving nationwide adoption across the nation. Growing in investments by electric vehicle manufacturers to develop more modern, efficient and economical electric three wheelers is expected to boost India's electric three wheelers market in the coming years.