Summary:

According to CareEdge Ratings, India's EV charging infrastructure has risen dramatically, from 5,151 stations in 2022 to 26,367 by early FY25, representing a fivefold increase with a 72% CAGR. This expansion is being led by government initiatives, pro-EV regulations, and increased investments. However, with just one charger for every 235 EVs, an obvious infrastructural deficit exists. To address this, plans such as the PLI for battery manufacture and import tariff exemptions try to cut prices while increasing accessibility. A speedier, more balanced rollout of charging stations is critical to meeting expanding demand and ensuring the convenience, dependability, and long-term viability of electric transportation in India.

Source: IBEF

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