EV firms need 13 mn sq ft real estate space by 2030 to meet output target
Electric vehicle manufacturers will need around 13 million square feet of real estate space by 2030 to make targeted 23 million units of two-wheelers and 4 million units of four-wheelers, according to CBRE.
Real estate consultant CBRE South Asia released a report, ‘Electric Vehicles in India – New Wheels on the Roads’, on Thursday that focuses on the trends, growth, and influence of electric vehicles (EVs) on the real estate sector in India.
“Real estate requirements of manufacturing facilities of 4-wheeler and 2-wheeler (4W and 2W) electric vehicles is estimated to be around 13 million square feet by 2030 as a result of the government’s EV adoption targets,” it said.
