DUBLIN–(BUSINESS WIRE)–The “Fitment Indexation for Value Chain Players and Opportunity Breakup Analysis of Setting EV Charging Stations in India” report has been added to ResearchAndMarkets.com’s offering.
To give push to clean mobility in India, Department of Heavy Industries (DHI) has sanctioned 2636 charging stations to get installed in 62 cities across 24 states under phase II of FAME scheme.
The Indian automotive industry has been slowing since the last quarter of calendar year 2018. Some of the key reasons responsible for this downturn were crunch in liquidity, increasing acquisition costs and weakening consumer sentiments. The outbreak of COVID-19 in 2020 has further led to fall in the sales of automobiles in India.
It is pertinent to note that the sales of passenger vehicles and two wheelers fall by 18% in 2020 as compared to last year, while sales of commercial vehicles declined by 29%. Amidst this economic fallout of automobile industry in India, a ray a hope lies with the Indian government pushing clean mobility in public transportation and taking significant initiatives for promoting electric vehicles and establishing efficient charging infra for the same.
The GoI intends to develop such a robust EV charging network that have at least one charging station will be available in most of the selected cities in a grid of 4 Km X 4 km which shall boost the confidence of EV users and will also lift the business sentiments of OEMs and other value chain players. During October 2020 Department of Heavy Industries (DHI) invited EoI for setting and availing incentives for deployment of EV charging infrastructure within the Indian cities. Of the received proposal, 2636 charging stations were sanctioned by the GoI. Of the approved charging stations, 1633 stations will be fast charging and 1003 shall be the slow charging stations.
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