With the strong demand for electric vehicles, in the next 3-4 years Rs. There is a possibility of investment of Rs 14,000 crore. The number of electric vehicles is expected to increase in two-wheelers and three-wheelers including the bus segment. Due to which the charging infrastructure has to be expanded. which is still in its infancy.
According to rating agency Icra, electric two-wheeler sales will account for 13-15% of total auto sales in FY2024-25. Sales in the electric three-wheeler and e-bus segments are expected to be over 30 per cent and 8-10 per cent, respectively. Currently, there are less than 2000 public charging stations. Shamsher Dewan, Vice President and Group Head, ICRA, said that opportunities have emerged in the EV charging infrastructure business to meet the growing demand for electric vehicles. Several government and private companies have announced plans to set up charging infrastructure.
Battery swapping is an alternative solution to the evolving EV charging infrastructure. In order to expand the EV charging network, the Central Government has sanctioned Rs. 1300 crore has been allocated. Along with this, the provisions for setting up infrastructure were also relaxed.
Overall, there will be a focus on EV infrastructure to promote electric vehicles. To build an EV charging infrastructure point without subsidy and land, an amount of Rs. Its price is 29 lakh rupees. Rupee. 10 lakh operating cost. The government is taking positive steps to boost infrastructure.