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Charging Infrastructure Market for Electric Vehicles in India

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Prospering Opportunities & Value Proposition Evaluation & Outlook By Charging Stations, By Number of Chargers, By OEMs, By PSU’s, By Discoms, By Smart City /Grid Operators

INR. 2.5 Million is the estimated cost for setting a DC fast charging infrastructure for passenger (4W) electric vehicles in India as on 2018. Will it be reduced to make it a lucrative business proposition for unorganized players.

Charging infrastructure, mainly setting up of level 2 charging at public level shall be the toughest challenge in terms of service integration for India. For fast DC charging; cost & high renewable energy biggest factors!

Convenient EV charging infrastructure will be a key factor for a successful EV market in India. Currently, there are two primary charging locations, at home or work. Both sources involve legal challenges in terms of taxation, theft and accounting that will need to be addressed. While OEMs are offering home-charging solutions with customer EV purchases, and attempting to kick-start the charging market through platforms integration with other eMobility ecosphere partners, the lack of widespread public charging stations as of yet, continues to place a greater focus on hybrid vehicles

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DOP: December, 2018 Sector: , , , Geography:

New Charging Pattern Observed Globally & is Expected to be Similar in India.

There are significant technical differences between charging electric cars and refueling gasoline cars that make charging behavior different from traditional refueling behavior:

  1. Charging Speed: Refuelling an ICE car at a petrol station only takes a few minutes and the infrastructure already exists. For full battery EVs, even fast-charging a battery to 80% will require 20-30 minutes (depending on battery size and fast-charging speed), and slow-charging a BEV usually takes multiple hours.
  2. Charging Frequency: The range of BEV is less than that of gasoline cars and only Tesla’s Model S has a range of 426 km with 85 kwh battery. This reduced range capacity compared to traditional ICE vehicles means that “plugging” in to charge will need to happen more frequently than refuelling. However, an European driver of a BEV with a range of 150 km who has the opportunity to recharge at home or at work will have a limited need for additional recharging most of the time, since average trips are quite short. In most European countries, passenger vehicle driving distances average 40-80 km per day, with 2-3 trips per day. So most drivers would have an occasional need for additional charging outside of their homes or workplaces. This trend shall be similar in India as well.

However, in future the charging behavior shall change for both slow and fast charging rate and following factors might have an impact:

  1. Need for public charging infrastructure for EV: The need for public charging stations will increase if consumers who do not have access to a garage or other private or semiprivate residential parking – a large share of people living in cities – also adopt EVs. For instance, in Germany almost two-thirds of all households have a garage or parking space. Looking at the urban metropolis of London, however, two-thirds of homes have neither a garage nor off-street parking.
  2. Battery Size: Conversely, the need for public slow-charging stations would decrease if the average battery size and range of BEVs increases. With less frequent charging required, drivers who rely solely on public stations will use them less, and those with access to stations at home and work may stop using public stations altogether.
  3. Usage of Car: When it comes to slow- vs. fast-charging stations, the potentially changing role of the BEV may shift the ratio required. Experience from Norway shows that currently BEVs are often purchased as a second car for households and used primarily for daily commuting purposes. If the adoption of BEVs grows and more people want to use their BEV for long-distance trips (between cities or even countries), the demand for fast-charging stations will increase. Although for this to happen in India it is anticipated to take longer than 2030.

Key Queries Addressed

  • What shall be in-store for India for Charging Infra Market in India
  • What shall be scale of opportunity for both domestic and foreign players under Charging Infrastructure Market in India & Outlook till 2025?
  • What shall be the opportunity for both domestic and foreign players under split of value chain services in Charging Infrastructure Market in India & Outlook till 2025
  • Which is the best suited region for venturing into EV Charging infra market and which state offers highest market potential in terms of developing EV charging infrastructure in India?
  • What shall be the opportunity assessment for Auto OEMs in Indian EV Charger market and outlook?
  • What shall be the opportunity assessment for PSU’s and major private players to venture in Indian EV Charger market and outlook ?
  • What shall be the track of opportunity for power distribution company and battery manufacturers to be an active player in setting up EV charging infra market in India?
  • What shall be the cost break up of setting EV Charging infra by type and capacity in India with demographic variance?
  • What shall be the key drivers and barriers to robust market growth?
  • Which company shall lead the Charging Infra for EVs market in India?

BUSINESS CASE FOR CHARGING INFRASTRUCTURE MARKET IN INDIA FOR ELECTRIC VEHICLES

  • Need to counter air pollution coupled with rising fuel prices in India provides for booming business case for establishing a robust EV market and hence for a strong charger infra market in India
  • Favorable policy interface such as FAME I and FAME II and pushing the adaptation of EVs through embellished incentives for end users
  • Market orientation of Automobile industry OEMs to invest heavily in manufacturing of all 2W, 3W and 4W category of vehicles and provide for them as value integrator and supplier for EV charging infra as well builds up good industry outlook
  • Smart cities and smart grid is promoted which are both the right enablers for developing a robust charging infrastructure base for EVs in India
  • Global benchmarks to develop charging infrastructure in India is likely to be developed so that local players get benefitted by state of the art technologies and best in class standards
  • Changing charging infrastructure industry structure in India with many global majors planning to enter the market which shall open up scores of opportunity for value chain players with increasing FDI
  • PSU’s and many local private sector giants also have envisaged to enter this business segment which is promising for India. Further, with the likes of NTPC, Tata Power, BHEL & Fortum India the growth shall be faster than atnicipated
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Additional Information

Geography

India

Sector

Power, RE, Infra, Automotive