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Electrifying India: Evolution of India's EV charging infrastructure
PCQuest
|september 2024
The EV charging network is still developing, but rapid advancements and investments are closing the gap, making EVs more convenient for long-distance travel
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As the world embraces electric mobility, a significant hurdle to widespread electric vehicle (EV) adoption persists: the need for an economically sustainable charging infrastructure. In India, the EV charging network is expanding, with the number of stations reaching nearly 12,146 due to various initiatives aimed at speeding up their deployment.
Despite this growth, EV drivers still face challenges in finding reliable charging points, while operators struggle with maintaining profitability. However, strategic thinking and innovative solutions can solve the economic puzzle of EV charging infrastructure.
▾ Cost equation: Finding the right charge
Central to the issue is the question: How much should EV owners pay per charging session? Charging a 60 kWh EV battery costs between ₹4 to ₹10 per unit (kWh), depending on location and time. This cost competes well with fluctuating gasoline prices, but the overall equation is complex, involving energy costs, infrastructure investments, and consumer demand patterns.
Rohan Shravan, Founder and CEO of Tresa Motors, notes the significant investment required to set up a public charging station, estimated between ₹30 lakh and ₹50 lakh. This includes securing a commercial electricity connection and civil works. “As EV adoption accelerates, these costs are anticipated to decline,” he says.
▾ Redefining costs: EVs vs. petrol
The debate between EVs and gasoline vehicles often revolves around cost per kilometer, with EVs having a clear advantage. Ashok Vashist of WTiCabs highlights the lower environmental impact of EVs, citing zero tailpipe emissions and reduced running costs due to cheaper electricity and lower maintenance needs.
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