India to Require 400,000 Charging Stations For 2 Million Electric Vehicles By 2026: Report

New Delhi, June 12: India wants about 400,000 charging stations to meet the requirement for 2 million Electric Vehicles (EV) that would doubtlessly ply on its roads by 2026, mentioned a report on Saturday.

The Grant Thornton Bharat-Ficci report mentioned for India to attain its imaginative and prescient of 100 per cent EVs by 2030, components comparable to rising authorities assist, reducing value of know-how, and distressing air pollution ranges, could be key to speed up this transition. Flipkart Plans To Deploy 25,000 Electric Vehicles by 2030.

As per EV trade physique - Society of Manufacturers of Electric Vehicles - there are 1,800 charging stations in India as of March 2021 for about 16,200 electrical vehicles, together with the fleet section.

"Overall, the EV infrastructure is tightly coupled with the EV and charging station characteristics, battery technologies, and electricity markets," the report mentioned.

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Besides, the survey recommended design simplifications, partnership throughout transition, and optimisation of city mobility as efficient value discount levers for bringing down EV prices in India.

"Global manufacturers have spent millions to improve the availability and efficacy of EV chargers, and as a result the fastest ones today take no more than 15 minutes to recharge a vehicle."

"The global sales of EVs in 2020 increased by 39 per cent y-o-y to 3.1 million units, whereas the total passenger car market declined 14 per cent."

In addition, the report talked about concerning the impression of the pandemic on emergence of a brand new shopper who is raring to be wholesome, breathe clear air and construct a greater, extra resilient world for the following technology.

"The year 2020 has presented a great responsibility and opportunity to fast track the development of electrification and electric vehicles (EV) by utilising the strengths available globally through a collaborative and integrated effort," mentioned Saket Mehra, Partner, Grant Thornton.

(The above story first appeared on SociallyKeeda on Jun 13, 2021 10:33 AM IST. For extra information and updates on politics, world, sports activities, leisure and life-style, go online to our web site latestly.com).