The electric vehicle (EV) infrastructure market is expected to grow by more than 30% between 2019 and 2028. India’s EV industry is growing significantly. However, the growth of the Indian EV market requires the right infrastructure to charge EVs. By 2030, the Government of India has set a goal of electrifying 70% of all commercial vehicles, 30% of private cars, 40% of buses and 80% of motorcycle and tricycle sales. This goal requires a sufficient number of charging stations across India. The main growth drivers for India’s EV infrastructure market are strong government support and consistent policy and industry initiatives. Industry insiders also showed optimism about the and expressed a positive interest in developing the entire EV infrastructure. The government will also introduce financial and financial incentives to support this growing technology.
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