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According to a recent study by the German consulting firm TFE, up to 40% of new cars sold in India will be battery-powered by 2030, about 24 million units
.
This number will exceed the current total number of cars in the country
.
By 2030, the number of electric vehicles in India may exceed the current total number of vehicles
This is encouraging as less than 0.
01% of cars sold in India in 2017 were electric
.
There are only 220-250 operating charging stations in the country, but there are 56,000 gas stations
.
TFE's report predicts that by 2020, electric vehicles will match
the initial cost of traditional internal combustion engine vehicles.
Cost reduction factors include: rapidly falling battery costs, technological advances in charging infrastructure, innovative business models, the influx of smart digital technologies, and green policies and subsidies
.
Currently, electric vehicles have 80% lower operating costs than diesel or petrol vehicles, but their capital costs are 40-100%
higher.
As a daily driving distance, it takes about 150 kilometers for an electric car to win over a gasoline car
.
With the tender for 10,000 electric vehicles by the Government of India and the increase in consumer interest from Energy Efficiency Services Limited (EESL), there are more and more business opportunities to build fast charging stations
.
To provide a stable power supply to these charging stations, the transition to electric vehicles will need to be managed
alongside a higher share of wind and solar power generation in India's grid.
According to TFE research, the demand for advanced charging technology has been seen
.
Recently, EESL is tendering for the installation of 2,000 charging stations across the country
.
Of these, 200 will be fast DC chargers, which will also be India's first large-scale DC charger deployment
.
Last year, Forton Group was working with NBCC to develop 150 EV charging stations
in India.
In addition, ABB has participated in the bidding project
to provide 4,500 charging stations nationwide.
，
According to a recent study by the German consulting firm TFE, up to 40% of new cars sold in India will be battery-powered by 2030, about 24 million units
.
This number will exceed the current total number of cars in the country
.
By 2030, the number of electric vehicles in India may exceed the current total number of vehicles
By 2030, the number of electric vehicles in India may exceed the current total number of vehiclesThis is encouraging as less than 0.
01% of cars sold in India in 2017 were electric
.
There are only 220-250 operating charging stations in the country, but there are 56,000 gas stations
.
TFE's report predicts that by 2020, electric vehicles will match
the initial cost of traditional internal combustion engine vehicles.
Cost reduction factors include: rapidly falling battery costs, technological advances in charging infrastructure, innovative business models, the influx of smart digital technologies, and green policies and subsidies
.
Currently, electric vehicles have 80% lower operating costs than diesel or petrol vehicles, but their capital costs are 40-100%
higher.
As a daily driving distance, it takes about 150 kilometers for an electric car to win over a gasoline car
.
With the tender for 10,000 electric vehicles by the Government of India and the increase in consumer interest from Energy Efficiency Services Limited (EESL), there are more and more business opportunities to build fast charging stations
.
To provide a stable power supply to these charging stations, the transition to electric vehicles will need to be managed
alongside a higher share of wind and solar power generation in India's grid.
According to TFE research, the demand for advanced charging technology has been seen
.
Recently, EESL is tendering for the installation of 2,000 charging stations across the country
.
Of these, 200 will be fast DC chargers, which will also be India's first large-scale DC charger deployment
.
Last year, Forton Group was working with NBCC to develop 150 EV charging stations
in India.
In addition, ABB has participated in the bidding project
to provide 4,500 charging stations nationwide.
，
