The installation of electric vehicle (EV) charging infrastructure in India is forecasted to grow at a compound annual growth rate (CAGR) of 44.1% from 2022 to 2030, while the global EV market is expected to expand at a CAGR of 21.4% during the same period.

Establishing a robust EV charging network is essential to support the increasing adoption of electric vehicles in India.

Aligned with the government's electrification objectives, ChargeZone, a prominent EV charging provider, is making significant strides towards building a cleaner and more sustainable future.

The company is committed to advancing India's EV infrastructure, with a particular focus on the urgent requirement for rapid-charging solutions.

Highlighting the importance of infrastructure development, Kartikey Hariyani, Founder and CEO of ChargeZone and BillionE, stated at the 9th edition of the ETAuto EV Conclave 2024, "You need to build a charging infrastructure before you bring electric vehicles on the road."

Supercharging India's EV network

ChargeZone offers a diverse range of services, including business-to-business (B2B) fleet charging, business-to-consumer (B2C) retail charging, charging-as-a-service (CaaS), and battery-as-a-service (BaaS).

The company has outlined ambitious plans to establish 10,000 charging stations across India by 2030. Its strategy prioritises locations where users typically spend 30 to 40 minutes, such as restaurants and shopping complexes.

Discussing the necessity for supercharging stations, Hariyani explained that stations with capacities of 180 kilowatts or more are vital for India's EV ecosystem.

He noted, "We have commissioned seven different supercharging stations in the country," underscoring the company's progress in this domain.

Supercharging stations are anticipated to encourage broader EV adoption by addressing concerns about charging accessibility during long-distance travel.

Hariyani highlighted that the initial focus would be on public mobility, including commercial fleets and shared vehicles, rather than private EV ownership.

To support this vision, the Indian government has announced plans to deploy 72,300 public charging stations under the PM E-Drive Scheme, supported by a financial allocation of Rs. 20 billion (US$ 240 million).