India's EV Charging Market Set to Reach $3.7 Billion by 2030

06 Nov 2024 CW Team

India’s electric vehicle (EV) charging market is projected to grow to $3.7 billion by 2030, driven by increasing EV adoption and the need for efficient charging solutions. The sector is expected to expand at a compound annual growth rate (CAGR) of 16%, supported by environmental concerns and fluctuating fuel prices.

Globally, the EV charging infrastructure market is also experiencing significant growth, with revenues forecast to surge from $25.9 billion in 2023 to $164 billion by 2030, reflecting a CAGR of approximately 12%.

"Fast-charging technologies and battery-swapping solutions are essential to address range anxiety and facilitate everyday EV use," said Abhishek Maiti, Director-Industrial Goods and Services at 1Lattice. Battery swapping is particularly gaining traction in India for two- and three-wheelers, with major automakers investing in the technology to enhance affordability and accessibility.

Investment in India’s EV charging infrastructure grew at a CAGR of 35% between 2018 and 2023, surpassing the global investment growth rate of 30% during the same period. The Indian government is also pushing for increased EV production and localizing supply chains to meet its target of 30% EV penetration by 2030, as noted by an S&P Global Ratings report.

To further boost the sector, the government recently introduced the PM Electric Drive Revolution in Innovative Vehicle Enhancement (PM E-DRIVE) schemE to accelerate EV adoption and establish critical charging infrastructure across the country. The initiative is seen as a crucial step toward a cleaner, more sustainable future.

Infrastructure Urban

05 May 2026

Meghalaya And Assam Hold Talks To End Transport Stoppages In Garo Hills

Meghalaya and Assam have opened talks aimed at ending recent stoppages of commodity transport in the Garo Hills, officials said. The deputy chief minister, in charge of home affairs, reported that both state governments are coordinating to resolve disruptions and to restore normal movement of goods. He acknowledged that misunderstandings may have contributed to the incidents and that clarification between administrative units is under way. The discussions are intended to produce practical arrangements that will allow consignments to move without hindrance while respecting local procedures. The..

Kochi Metro Records 1.375 mn Rise In Passengers In FY26

Kochi Metro recorded a marginal rise in ridership in the financial year 2025-26, carrying 1.375 mn more passengers than in the previous year. The service carried 36.8 million (mn) passengers in 2025-26 compared with 35.5 mn in 2024-25, representing a year-on-year increase of 3.9 per cent. The growth was described as distributed rather than concentrated in isolated spikes. A month-wise analysis shows steady gains across quarters. In the first quarter, ridership increased from 8.57 mn to 8.84 mn, while the second quarter rose from 9.13 mn to 9.51 mn. These trends indicated broad-based improvemen..

Ghaziabad Plans 16km Metro Link To Delhi Via Hindon Airport

Ghaziabad authorities are pursuing a 16 km metro link to Delhi that will run via Hindon Airport, and a detailed project report is under way. The plan is intended to improve connectivity between Ghaziabad and the national capital and to provide an interchange with the airport. Officials said the project is being studied to assess alignments, station locations and cost estimates ahead of formal approvals and tendering. The announcement follows the inauguration of the Delhi?Faridabad metro extension, which will offer hassle free travel for around 0.2 mn daily commuters between the national capita..