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India Electric Vehicle Charging Station Market to Hit USD 1,010 Million (7.1% CAGR) by 2033 | Get Free Sample Report
India Electric Vehicle Charging Station Market 2025-2033
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Key Takeaways:
• 2024 Market Size: USD 550 Million in 2024
• 2033 Market Size: USD 1,010 Million by 2033
• CAGR: 7.1% (2025-2033)
• North India dominated the market in 2024 with over 33.8% share due to rapid urbanization and early EV adoption.
• DC charging held the largest segment share of around 63.7% in 2024, driven by high-speed charging needs.
• Battery Electric Vehicles (BEVs) accounted for 75.1% of the market share in 2024 due to reliance on external charging stations.
• Fixed chargers dominated with about 83.8% market share owing to deployment across residential and commercial spaces.
• Level 3 charging led with around 58.7% share, favored for its fast DC charging suitable for commercial fleets.
• Commercial applications held the largest share of 79.2% driven by electric fleets and logistics operators.
Recent Developments & News:
• February 2025: TATA.ev announced plans to more than double India's charging infrastructure to 400,000 points by 2027, including 30,000 public fast chargers and introducing a 24/7 Charging Helpline.
• December 2024: Hyundai Motor India planned to establish 600 EV fast charging stations focusing on highways and cities, signing an MoU with Tamil Nadu for 100 stations by 2027.
• December 2024: ThunderPlus partnered with Delta Electronics India to launch India's first locally made fast chargers for two- and three-wheelers.
• April 2024: Terra Charge launched two Made-in-India EV chargers featuring advanced connectivity for fleet operators and premium properties.
India Electric Vehicle Charging Station Market Growth Factors:
Schemes such as FAME II, and state EV policies are providing important subsidies and incentives which are increasing adoption of EVs and a larger ecosystem of charging infrastructure, building a favorable regulatory environment for public and private investment in EVs and EV infrastructure.
Electric vehicle demand is driven by environmental concerns, fluctuating fuel prices, demand for more environmentally friendly transport modes, urbanization, and increased vehicle density, making the development of a common and efficient EV charging infrastructure essential.
Reductions in battery prices and electric vehicle (EV) costs as well as vehicle manufacturer, utility, and technology company partnerships play a role. Smart city projects and digital payment systems also improve the riding experience.
India Electric Vehicle Charging Station Market Trends:
The EV charging infrastructure segment in India is rapidly being built up, keeping pace with the steep growth in EVs for personal, commercial, and public transportation usage. The Indian government and private sector work to ready the grid for EVs, and place more fast chargers in cities and highways. This makes a user-centric system using convenience, reliability, and interoperability.
Expanding public charging networks can alleviate range anxiety thereby promoting EV adoption. Strategies include standardizing chargers, simplifying payment systems, and expanding into more regions. Major programs initiated, notably the USD 1.31 Billion PM E-DRIVE scheme which includes USD 0.24 Billion for expanding public charging infrastructure across the country.
A push for charging infrastructure is necessary to achieve India's decarbonization targets and to help transition towards low-carbon modes of transportation, integrate charging with renewable generation, improve energy efficiency, and expand access to electric vehicle charging infrastructure.
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India Electric Vehicle Charging Station Market Segmentation:
Charging Station Type:
• AC Charging
• DC Charging
• Inductive Charging
Vehicle Type:
• Battery Electric Vehicle (BEV)
• Plug-in Hybrid Electric Vehicle (PHEV)
• Hybrid Electric Vehicle (HEV)
Installation Type:
• Portable Charger
• Fixed Charger
Charging Level:
• Level 1
• Level 2
• Level 3
Connector Type:
• Combines Charging Station (CCS)
• CHAdeMO
• Normal Charging
• Tesla Supercharger
• Type-2 (IEC 62196)
• Others
Application:
• Residential
• Commercial
Regional Insights:
• North India
• West and Central India
• South India
• East India
Competitive landscape:
The report offers an in-depth examination of the competitive landscape, including market structure, key player positioning, leading strategies for success, a competitive dashboard, and a company evaluation quadrant.
Key Highlights of the Report:
• Comprehensive quantitative analysis of market segments and trends from 2019-2033.
• Detailed forecasting and assessment of industry catalysts and challenges.
• Insights into government policies and private sector contributions.
• Porter's five forces analysis for competitive environment assessment.
• Competitive landscape with detailed profiles of major players.
• Regional market mapping and growth opportunity identification.
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