India needs to set up 46k EV charging points by 2030 to match global benchmark

New Delhi Professional networking platform Blue Circle, in partnership with battery technology startup Log9 Materials, and Hero Electric hosted 'EVConIndia 2022,'

The agenda of EVConIndia was focused and revolved around the EV sector, the conference concluded with key takeaways for the leaders and stakeholders on how to spot the challenges and chart the course for enabling ecosystem and mass adoption of electric vehicles in India.

A whitepaper by Alvarez and Marsal, a global professional services firm and the Knowledge Partner at EVConIndia 2022, was also released.

It highlights some key challenges affecting EV adoption and talks about six key issues: affordability, range anxiety, supply chain, product safety and quality, and inadequate access to financing.

The whitepaper has pointed out that India need to set up 46,000 EV charging stations by 2030 to reach the global benchmark. Currently EV/Public charger ratio is six both for China and Netherlands, 19 for the US while it stands 135 for India which means there is one charger per 135 EVs in India as compared to six in China. The paper also provides resolutions and recommendations to architect the roadmap of the industry.

Siddharth Anand, Founder and CEO, Blue Circle said: "EVConIndia provides the confluence of thought leaders and practitioners from all relevant areas to map the EV ecosystem and come up with a roadmap for the mass manufacturing and adoption of EVs in India. We are overwhelmed with the response and have achieved our objective of bringing multi-sector stakeholders together to assess the challenges and chart the way forward together the conference not only enabled a well-considered dialogue but also advanced the agenda concretely forward."