With the help from the government policies, it is expected that by the end of 2027, EV charging stations will increase by more than 1,00,000.
A new survey report by Urban Science and The Harris Poll has now stated that around 83 percent of Indians are now willing to adopt New Energy Vehicles (NEV) including electric cars by 2030. Earlier reports surfaced that owing to range anxiety and battery prices, people in India were pessimistic to purchase EVs. Now, the survey report also highlighted that people are willing to pay 49 percent more in EVs compared to conventional gasoline vehicles.
The survey report is done by collating feedback from 1000 prospective Indian buyers. Global surveys have also shown that with the help of government incentives and subsidies, EVs have gained huge traction among the global population. Apart from India, buyers from China, US, and Australia have also participated in the survey.
The sudden spike in demand and optimism towards adopting electric cars is backed by fast expansion of the EV charging network. Currently, charging networks spans over 6,000 stations in most of the key cities in the country and also highways. With the help from the government policies, it is expected that by the end of 2027, EV charging stations will increase by more than 1,00,000.
But in an effort to grow the ecosystem, India will have to follow China’s adoption of cutting-edge technologies and escalate production of vehicles. What benefits China is that they are the leader in producing world’s largest lithium-ion batteries, charging infrastructure, and electric motors. India may lose the track again if it fails to scale-up these issues.
Experts also believe that partnerships with Chinese companies can bolster the EV industry in India, which will also make the vehicles cost-effective. The central government’s top priority is now developing the EV industry with an aim to transform the transportation industry with 100 percent green vehicles. A week back, Union Minister Nitin Gadkari highlighted that India’s EV industry has the capability to cross Rs 20 trillion by 2030. Currently, the adoption rate in the country stands 2 percent for passenger cars and 6 percent for other vehicle segments.
