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₹16,000 cr capex needed for EV charging infra: Ficci
Mint Mumbai
|December 17, 2024
The electric vehicle (EV) charging industry estimates it will need capital expenditure (capex) of ₹16,000 crore for public charging infrastructure to meet the needs of the rapidly growing EV sector, a report by industry body Ficci said.
This is the amount of capex needed to achieve the goal of more than 30% electrification by 2030, said the report, 'FICCI EV Public Charging Infrastructure Roadmap 2030', published on Monday. The charging industry has proposed prioritizing roads in 40 cities and 20 highways for such infrastructure, it added.
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