Accelerating EV Charging Revolution

The electric vehicle (EV) charging infrastructure market in India is growing at a fast pace, because of the number of government initiatives, the increase in the number of EV buyers and the growing environmental awareness. In the wake of the worldwide adoption of clean energy sources to combat climate change as well as to reduce reliance on fossil fuels, India is taking the lead among other countries in the EV market by making investments in charging infrastructure development. The main cause of this growth is government policy to encourage wide adoption of electric vehicles (EV) through the many policies and incentives. Government isproviding financial incentives for both EV manufacturing and charging infrastructure providers through variousprogrammes and this is driving the investment and innovation in the EV sector. Furthermore, the government's determination to realize its renewable energy goals and reduce carbon footprint is among the factors that contribute to the strong necessity to build a reliable EV charging network.

Along with the growing preference for the purchase of electric vehicles by the consumers, the firms and government departments are the ones adding to the need for EV charging infrastructure. Thanks to the progress in battery technology, the range and the performance of electric vehicles are much better than before; that is how they become a sufficient alternative to petrol and diesel cars. Thus, that quickly grows the demand for accessible and dependable charging infrastructure to cover the fast expanding fleet of electric vehicles on Indian roads. Furthermore, the growing number of EV mobility startups and an emerging trend in which private players enter the market is stimulating the EV charging stations network in the country.

In this issue, we acquaint you with the top startups from this field. After studying the industry landscape in-depth, Industry Outlook has zeroed in on the top ones that have excelled with their meticulous approach. Having proven their dedication in order to meet the customer’s expectations in an end-to-end manner, these companies have stood out from the crowd.

We look forward to receiving your feedback and suggestions.