India's shift to electric vehicles (EVs) is inevitable, if not imminent. However, before the mobility revolution begins, India will need an ecosystem that can sustain EVs. In this regard, most worries hinge on the availability of adequate charging infrastructure and the formation of a supportive regulatory framework. Both the government and the industry are working on these fronts.
The Ministry of Power has recently finalised the guidelines for setting up charging infrastructure. Regulatory standards and tariffs for developing and using this infrastructure are still work in progress at both the central and state levels.
On the industry front, the entry of new players into the market and increased focus on customisation and innovation will drive growth in this space. From large automobile manufacturers to solar power developers and lithium-ion battery makers, everybody seems to have thrown their hats in the ring. Going forward, battery costs should come down, driven not just by India but also by global EV trends. There also seems to be a higher manufacturer readiness to support the growing demand for EVs.
However, several concerns remain. A more India-specific concern is that of the electricity grid. Can it handle this type of demand? In order to realise the government's target of 30 percent EV penetration by 2030, utilities will need to significantly invest in grid upgradation and the development of publicly available fast-charging stations to support the planned EV growth. Utilities and power companies also need to factor in renewable energy for meeting the power demand of EVs since a key goal of using these vehicles is to reduce pollution.
The report will focus on the following areas:
- Executive Summary
- EV Market: Key Trends and Projections
- Charging Infrastructure Requirements
- Regulatory Regime
- Existing/Potential Players and their Plans
- Emerging Tariff Trends and Competitive Fuel Analysis
- Impact on Discoms
- Charging Technology Options
- Viability and Economics of Charging
- Issues and Challenges
- Pilots and Case Studies
- Upcoming Centres of Growth and Opportunities
Table of Contents
1. Executive Summary
Samples
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