Rs 160 Bn Capex Required to Meet Public EV Charging Demand by 2030

18 Dec 2024 CW Team

India will need a capital expenditure of Rs 160 billion by 2030 to meet the public electric vehicle (EV) charging demand and achieve the goal of over 30 per cent electrification, according to a report by FICCI. The "FICCI EV Public Charging Infrastructure Roadmap 2030" released stresses the importance of maximizing the utilisation of charging stations to ensure profitability and scalability.

The report recommends prioritizing the top 40 cities for expanding public charging infrastructure, anticipating higher EV adoption in these cities within the next 3-5 years, driven by current trends and favorable state policies.

To meet the goal of 30-40 per cent electrification by 2030, the report suggests that India needs to align demand and supply-side enablers.

The growth of EVs in India is influenced by five key factors: economics, battery advancements, regulations, consumer demand, and charging infrastructure. Government initiatives such as the PM E-DRIVE scheme offer substantial incentives to promote EV adoption. Following the expiration of the FAME II scheme, this new scheme offers incentives for E2W, E3W, and E-buses. Additionally, GST rates on EVs are set at 5 per cent, compared to 28-50 per cent for traditional vehicles.

The FICCI report also calls for GST standardisation on EV charging services to align with the tax rates across the EV value chain.

Resources

08 Sep 2025

IGBC Launches 32nd Chapter in Ranchi to Drive Green Building Growth

The CII Indian Green Building Council (IGBC) has launched its 32nd Chapter in Ranchi to accelerate Jharkhand’s transition towards sustainable and resilient urban infrastructure. The launch event, held on September 6 at Radisson Blu Hotel, brought together government officials, industry leaders, and sustainability experts. Sunil Kumar, IAS, Principal Secretary, Urban Development & Housing Department, Government of Jharkhand, said, “The launch of the IGBC Ranchi Chapter marks a significant step in Jharkhand’s urban development journey. The state is committed to creating a policy e..

Mindspace REIT Marks Five Years With 14.8 Per Cent Annualised Returns

Mindspace Business Parks REIT, owner and developer of a Grade-A office portfolio, has completed five years since its listing on the Indian bourses in August 2020. Despite debuting during the global pandemic, the REIT has delivered 14.8 per cent annualised total returns, expanded its portfolio, and reinforced occupier trust. Key achievements over five years include: Portfolio expansion of 30 per cent to 31.0 msf through acquisitions and new developments. Gross leasing of 25.2 msf, with occupancy sustained at 93.7 per cent. Cumulative distribution of Rs 55.9 billion to unitho..

Great Value Realty Secures RERA Nod for Ultra-Luxury Ekanam Project

Great Value Realty, one of North India’s most trusted developers, has received RERA approval for its flagship ultra-luxury residential project, Ekanam (RERA No. UPRERAPRJ15109/2019). The announcement was made during the Great Partners Meet at Noida. Built on the only available land parcel in Sector 107, Noida, Ekanam embodies the company’s philosophy, “Great is the New Norm,” promising excellence in design, quality, and sustainable community living. With seamless connectivity to Noida Expressway, DND Flyway, metro stations, and proximity to the upcoming Jewar Airport, the project ..