India developers seek to cash in on soaring EV sales with residential chargers
More developers in India are putting electric vehicle chargers in parking slots of new developments, hoping to boost the value of the property and attract more buyers in a country where the charging infrastructure can’t keep up with soaring EV sales.
While EVs accounted for just 2.4 per cent of India’s vehicle sales in the first half of this year, EV sales grew 137 per cent to 48,000 units during the same period, research firm Canalys says.
The world’s most populous nation is aiming to make EVs account for a third of total vehicle sales by 2030, but scarcity of public charging stations could derail these ambitions.
