EV Charging station Market Analysis In the first phase of Electric Vehicles (EV) rollout plan, the power ministry is targetting 4 billion-plus population cities under the EV policy initiative. It plans to cover all the state capitals, union territories, major highways and key cities under the second phase. The electric vehicle charging infrastructure market in India is anticipated to grow at a CAGR of over 40% during the forecast period 2019-2025. Increasing government support is one of the major factors driving the electric vehicle charging infrastructure market in India. Based on component, the electric vehicle charging infrastructure marketing India is segmented into hardware and software & services. Hardware comprises sockets, cables, and charging units. Software & services include installation and maintenance of charging units, platform as a service, and other services. Other services include battery delivery service and towing service, which are in a very nascent sta...
Comments