Demand For Ev Chargers: The Indian EV charger market is poised to expand at an impressive CAGR of 65% between 2022 and 2030 to achieve annual sales of 3 million units to meet the requirement of chargers to meet the national EV scenario (NEV) by 2030, the report titled India Electric Vehicle Charging Infrastructure & Battery Swapping Market Overview said.
The demand for electric vehicle (EV) chargers in India is expected to grow at a compound annual growth rate (CAGR) of 65% and reach 3 million units by 2030, according to a report by Customized Energy Solutions and India Energy Storage Alliance. The growth in demand will be driven by government initiatives and private investments. Several public sector undertakings (PSUs) have also announced tenders for charging stations, further boosting the demand for EV chargers.