‘India to see 48k more EV chargers with investment of Rs 14k cr in 3-4 yrs’
India is likely to see around 48,000 additional electric vehicle chargers at an investment of around Rs 14,000 crore over the next 3-4 years amid an expected healthy electric vehicle (EV) penetration in the country, a report said on Wednesday.
As the EV penetration is expected to increase in the two and three wheeler as well as bus segments, the expansion of charging infrastructure which is currently at a nascent stage will play a critical role, domestic credit ratings agency Icra said in its report.
The penetration of electric two-wheelers is expected to be at about 13-15 per cent of the new vehicle sales by FY25, according to the report which also expects electric three-wheeler and e-bus segment penetrations at more than 30 per cent and 8-10 per cent, respectively, by FY25.
