According to the latest report by MarkNtel Advisors, titled “India E-Vehicles Charging Infrastructure Market By Type of Charging (Battery Swapping, Slow AC Charging, Fast DC Charging), By Component (Hardware, Software, Services), By Location (Cities, Highways), By End User, (Commercial, Public), The India E-Vehicles Charging Infrastructure Market is projected to grow at a CAGR of more than 30% during the forecast period, i.e., 2023-28. The report provides a thorough analysis of the market, covering competitor dynamics, regional insights, and a detailed breakdown of industry segments.
Base Year: 2022
Forecast Period: 2023-28
Historical Data: 2018-21
CAGR (2023-2028): 30%
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The installation cost for charging points poses a threat to industrial expansion. Additionally, since certain charging stations may be compatible with only certain types of voltage, differing from various kinds, the public chargers compatible with all EVs are already low, further hindering the consumer adoption of charging stations and adding to the already high setup cost. Moreover, the charging stations are not making enough revenue, with the majority of the consumer choosing to charge their vehicles from home, impeding the demand for public charging points might restrain industrial growth.
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-By Type of Charging
Among the above, Slow AC chargers are predicted to gain the largest share during the forecast period due to their easier availability in the country.
-By Component
-By Location
-By End User
-By Region
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