Delhi to Get 131 Charging Stations to Nurture Electric Vehicles in India
Published Date | 2019 March 25
To ensure people have access to recharging facilities in their vicinity capital will get public charging stations for electric vehicles which will promulgate the demand of EV Market in India.India: The capital will get 131 public charging stations for electric vehicles. The power ministry and the Delhi government, 33 such facilities will be set up at Metro stations, 34 at CNG stations, 24 at Indian Oil petrol pumps, 15 at Bharat Petroleum fuel stations and nine at Hindustan Petroleum pumps. One each will be set up in the parking area of T-3 at IGI Airport and Jamia Millia. The Centre, in consultation with municipal authorities and the Delhi government, has decided that the three municipal corporations and Delhi Transco Ltd will be the nodal agencies for their respective areas. The government expects private players to set up similar charging stations at a later stage when the business becomes financially viable. The Centre expects there will be a major push to the sale of electric vehicles in Delhi as government departments will procure or hire more of them and a few car major car makers are likely to launch their high range electric vehicles in July. The locations of charging stations have been decided in such a manner that these can even caters to the need of electric vehicles coming from Noida, Gurgaon and Ghaziabad. The skeleton of charging network will bring confidence as one can be sure of getting a charging station in a few km ranges. More stations will come up as demand goes up. According to BlueWeave Consulting, Range- anxieties among Electric vehicle users make people think twice before buying an electric car. Electric vehicles (EVs) are the inevitable future of the automotive industry. Increasing global concerns regarding the negative effect of climate change along with alarming pollution levels have created a significant demand for electric vehicles. Government supporting and introducing new initiatives to drive the growth of Electric Vehicle and Electric Vehicle charging station industry is driving the growth of the market. Understanding the potential of EVs in addressing India’s aims for an energy-ready and environmentally sustainable future, the Indian government launched the National Electric Mobility Mission Plan (NEMMP) in 2013 with a target to bring 60 to 70 lakh EVs to Indian roads by 2020 and is committed to achieving 30% e-mobility by 2030. The electric vehicle and infrastructure market in India is anticipated to create lucrative opportunities for electric vehicle manufacturers as well as for vehicle component manufacturers in the near future. Key factors such as government funding, subsidies, and incentives, growing demand for electric vehicles, growing concern toward environmental pollution, and heavy investment from automakers of EVs are driving the electric vehicle charging stations market. According to the recently published report by BlueWeave Consulting on, “Global Electric Vehicle (EV) Charging Station Market by Product Type (AC EV charging station, & DC EV charging station), by AC EV Charging Station (Level 1 & Level 2), by DC EV Charging Station (CHAdeMO, Combiner charging station & Others), by Installation Type (Residential, & Commercial), by Supplier Type ( Private charging Station & OE charging station) by Region (North America, Europe, Asia Pacific, Middle East & Africa and Latin America); Size and Forecast, 2018-2025” the global electric vehicle (EV) charging station market is expected to grow over a CAGR over 29% during 2018-2025 in terms of value. Government supporting and introducing new initiatives to drive the growth of Electric Vehicle and Electric Vehicle charging station industry is driving the growth of the market. In addition, the price of fuel is constantly increasing which is urging the people to look for better and another energy efficient alternative. Oil price will increase over the forecast period which will accelerate the market demand for electric vehicles and EVs charging stations. These factors are constantly accelerating the growth of the electric vehicle (EV) charging station market globally. According to BlueWeave consulting’s upcoming report on “India Electric Vehicle (EV) Charging Station Market by Product Type (AC EV charging station, & DC EV charging station), by AC EV Charging Station (Level 1 & Level 2), by DC EV Charging Station (CHAdeMO, Combiner charging station & Others), by Installation Type (Residential, & Commercial), by Supplier Type ( Private charging Station & OE charging station) by Region (North, West, East & South); Size and Forecast, 2018-2025,” the growth is attributed to gained momentum in recent years mainly due to the deployment of charging stations at public places such as shopping malls, commercial buildings, airports, and restaurants. The convenience of being able to use an EV charger while shopping or during office hours is expected to boost the adoption of electric vehicles. Furthermore, government offerings, with respect to tax credits, on the installation of publicly accessible stations are expected to stimulate the growth.