INR 160 Billion Capex Required To Meet India’s Public EV Charging Demand By 2030: FICCI

INR 160 Billion Capex Required To Meet India’s Public EV Charging Demand By 2030: FICCI

A new report by FICCI titled ‘FICCI EV Public Charging Infrastructure Roadmap 2030’ suggests that INR 160 billion in capex would be required to meet India’s public charging demand by 2030 and facilitate the mission of achieving over 30 percent electrification by 2030.

According to the analysis, the top 40 cities out of the 700+ locations that were examined based on their EV sales from 2015 to 2023–2024 and 20 highway segments could be given priority when it comes to expanding public charging infrastructure. With the present rate of EV adoption and positive state laws, it is anticipated that these top 40 cities will have more EV penetration in the next three to five years. Additionally, 20 roads that connect these 40 priority locations account for half of all vehicle traffic.

In order to scale up charging infrastructure, the report also identifies several important obstacles that must be overcome. These obstacles range from operational ones, like a lack of standardised protocols to facilitate interoperability and an unreliable power supply, to financial ones, like high infrastructure costs and low utilisation rates.

According to the report, public charging stations in India are currently not financially viable at usage rates of less than two percent. By 2030, we should strive for 8–10 percent utilisation in order to attain profitability and scalability, says the report. Germany has established a financially feasible public charging network with 5–10 percent utilisation rates and above 16 percent utilisation rates along the roads, according to the report, which cited a case study. For hyper-granular planning to identify hotspots for installing public charging stations, players may need to work with local authorities.

The report urges important stakeholders, such as government agencies, business leaders and legislators, to take action to facilitate India's shift to sustainable development and renewable energy. The research also underlined that in order to establish a consistent billing system, states should adhere to the Ministry of Power's latest instructions. In order to facilitate and oversee the implementation of the charging infrastructure plan, the study also recommended that states establish state-level cells comprising representatives from industry stakeholders, state and federal authorities.

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    Numeros Motors Launches India’s First NFT-Backed Loyalty Programme

    Numeros Motors Launches India’s First NFT-Backed Loyalty Programme

    Numeros Motors, a new-age original equipment manufacturer specialising in indigenous electric vehicles (EVs), has launched an NFT-backed loyalty programme in collaboration with Polygon. This first of its-kind initiative in the EV industry, integrating blockchain technology into customer engagement, will reward the first 1,000 buyers of Diplos with a unique digital collectible.

    The NFT series ‘The Journey’ consists of 10 original artworks, each with 100 copies, that depict Diplos conquering the essence of India's many landscapes and the spirit of adventure that characterises the brand's motto, ‘Gets It Done’. Customers that own one join a limited group that prioritises performance, resiliency and progressive mobility. These NFTs, which are protected on Polygon's blockchain, provide exclusivity, authenticity and a more in-depth interaction with the brand.

    This programme adds value to the Diplos experience by providing holders with access to premium products, invites to special events and priority customer service in addition to the NFT. These NFTs serve as a permanent remembrance of their role in Numeros Motors' history since they are soul-bound, meaning they are always connected to their original owners. In April of this year, Numeros Motors will also open its first store in Bangalore that is owned and run by the firm.

    Shreyas Shibulal, Founder and CEO, Numeros Motors, said, "Diplos was built for those who move forward, challenge limits and embrace new possibilities. This NFT initiative is our way of recognising and celebrating our customers who believe in our vision. By integrating blockchain technology into customer engagement, we are creating an ownership experience that extends beyond the ride itself."

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      Kinetic Green’s Sulajja Firodia Motwani Conferred Honorary Doctorate By Tilak Maharashtra Vidyapeeth

      Sulajja - Tilak Maharashtra Vidyapeeth

      Sulajja Firodia Motwani, the Founder & CEO of Kinetic Green, was recently awarded an Honorary Doctorate in Literature by the Tilak Maharashtra Vidyapeeth Institute in Pune.

      The recognition was conferred to Motwani for her contribution towards driving the adoption of electric vehicles in the country. An MBA from Carnegie Mellon University, Pennsylvania, USA, she has also worked towards promoting manufacturing in the country and has held notable positions at the Federation of Indian Chambers Of Commerce and Industry (FICCI), Society of Manufacturers of Electric Vehicles (SMEV) and Indian Federation of Green Energy (IFGE).

      “I am deeply humbled and honoured to receive this recognition. The Firodia family has always by synonymous with strong values, nation building, self-reliance and a deep-rooted sense of nationalism. This acknowledgement inspires me to further serve for the greater good, a mission that we at Kinetic Green are constantly working towards,” said Motwani.

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        Škoda Teases All-New Elroq vRS Before Public Debut At Milan Design Week

        Škoda Teases All-New Elroq vRS Before Public Debut At Milan Design Week

        Škoda Auto has released a teaser clip of the all-new Elroq vRS, offering a first glimpse of both its exterior and interior. The world premiere is scheduled to take place digitally on 3 April 2025 and will be streamed live on Škoda’s official YouTube channel.

        Following its digital unveiling, the all-electric compact SUV will make its public debut at Milan Design Week 2025 in the Padiglione d'Arte Contemporanea gallery in the Porta Venezia Design District. In keeping with Škoda's Be More Elroq campaign, the exhibition will showcase the Elroq vRS as the focal point of an experiential journey from 8 to 13 April 2025. The show will also feature the official launch of Botas sneakers, which are based on Škoda Modern Solid design principles, in honour of the company's 130th anniversary. These sneakers were created in collaboration with the Škoda Auto design team. Members of the Škoda team will wear one of the three versions that are planned for the occasion.

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          Folks Motor Outlines INR 5 Billion CAPEX

          Folks Motor

          Folks Motor, a retrofit start-up, has announced that it will invest INR 5 billion towards capital expenditure over the next five years, it is also targeting to attain revenue of INR 5 billion revenue including INR 2 billion from domestic market and INR 3  billion in exports.

          The start-up claimed it is investing towards developing India’s first retrofit warehouse and industrial park – The Blue IP – to strengthen domestic EV supply chain.

          Folks Motor claims it has already started exports to Middle East and Africa, with plans to enter Europe, Latin America and Southeast Asia.

          The new investment will see the start-up form strategic partnership with powertrain manufacturers, electronic manufacturing services, energy storage and system integrators.

          Nikhil Anand Khurana, MD & CEO, Folks Motor, said, "At Folks Motor, we recognise the urgent need to build a robust and integrated EV ecosystem in India. With ‘The Blue IP’, the first-ever xEV-focused warehousing and industrial park, we are taking a big step toward strengthening domestic manufacturing. Our target of INR 6 billion in order book by 2030 reflects our commitment to making India a leader in the global EV supply chain. Our expansion strategy ensures that sustainable mobility is accessible to a broader audience without the financial and environmental costs of scrapping existing vehicles."

          The start-up claimed that it has structured a USD 100 million ESG bond for efficient fund utilisation, which it aims to scale up to INR 2.5 billion for working capital and operational expenses.

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