In a recent statement, Amitabh Kant, the G20 sherpa and former NITI Aayog CEO, emphasized the need for India to establish at least one million fast chargers to facilitate the widespread adoption of electric vehicles (EVs) by 2030. Kant stressed the importance of prioritizing local manufacturing over imports and advocated for megawatt-hour charging infrastructure, especially for buses and commercial vehicles.
Collaborative Efforts and Interoperable Networks
Kant urged all EV players and startups to collaborate and develop an interoperable fast-charging network. He emphasized the significance of collective efforts in building infrastructure to propel the EV movement forward in India. Highlighting the need to avoid technological silos, Kant emphasized the importance of a unified approach to support the growing EV ecosystem.
Rapid Growth in EV Sales and Export Opportunities
According to Counterpoint Research, India witnessed a significant surge in EV sales in 2023, nearly doubling from previous figures. With an anticipated growth rate of 66 percent this year, driven by increasing consumer interest, government initiatives, and infrastructure development, the EV sector in India is poised for further expansion. Kant also noted that India currently holds the title of the largest exporter of two-wheelers globally, indicating the country’s potential to become a major player in the global EV market.
