Submitted By:

Electric Vehicle market in India

Simran Kaur
Electric
Vehicle
Ecosystem
 ✓ High growth: EV market in India would present
opportunities worth $206 billion by 2030
✓ FDI: 100% FDI is allowed under this sector under the
automatic route; cumulative investment of over $180
Opportunities billion expected in vehicle production and charging
infrastructure
of investing in ✓ Government Initiatives: Outlay of INR 10k Cr for
FAME-II and INR 18k Cr PLI for localized ACC battery
EV industry in storage production and charging stations do not need

India a separate license

✓ Adoption by B2B players: Fleet, logistics & delivery
players are adopting EV vehicles for their fleet; EVs
are cheaper to maintain compared to ICE vehicles
✓ Increased consumer readiness: More consumers are
willing to opt for EVs over ICE vehicles
 ➢ High costs: The major concern among the potential
customers is the current high price of EVs
➢ Higher dependence on imports: Reliance on imports
of battery as well as other components is another
Challenges of factor adding to the cost of EVs in India

investing in ➢ Insufficient charging infrastructure: Lack of sufficient

charging infrastructure is one of the primary reasons
EV industry in why customers often refrain from purchasing EVs
➢ Range anxiety (kms/charge): EVs in India are not cost-
India competitive to an average customer
➢ Grid challenges: Increasing methods of power
generation are necessary to meet the expected
growth in electricity demand once EVs become
mainstream
 • Supply-chain problems: EV battery manufacturing in
India is still largely dependent on imports due to the
lack of Lithium

Opening an • Lack of trained personnel: Problem of inefficient

infrastructure, the lack of skilled personnel in electric
vehicle markets
office in India • Uncertain consumer behavior: Higher starting price
for local of an EV and issues about inadequate charging
infrastructure

presence and • High cost of setting up EV charging infrastructure:

Costs depend on the land, cables, electricity, and
related other auxiliaries
• Compliance with multiple charging protocols: No
challenges Indian standards available for charger architecture
and power ratings
• Challenges from the grid side: Increased use of EVs by
2030 will shoot up the electricity demand by 100 TWh
which is yet to be streamlined
 Battery Manufacturers

Emerging
OEM Manufactures
players in
different
verticals
Charging Infrastructure
 • 2W fleets are likely to shift to EVs much more rapidly
• The electric 2W market in India is emerging on account of
increased govt. policies supporting battery-powered
vehicles, the growing awareness toward the environment,
increasing petrol prices, and stringent emission norms
• High vehicle utilization and easy home or workplace
Lucrative charging would drive the uptake in the commercial 2W
segment
• Dock-less ride sharing companies, delivery fleets like Swiggy
investment or Domino's are already charting out plans to go electric

verticals
• E-rickshaws category stands at 0.7 million units a year and
has grown rapidly in the last 5 years
• The market is expected to shift away from unorganized-
unregulated to at least semiorganized and regulated
• E-autos make sense even against CNG 3W vehicles. This,
along with additional benefits like no permit cost, will drive
the adoption of electric autos in the near term
• By 2024-25, as much as 40 per cent of the e-rickshaw
market is expected to be li-ion based
Thank You