Technology

India Requires a Minimum of 1 Million fast chargers to Accelerate EV Adoption by 2030: Amitabh Kant

New Delhi, April 7 (IANS) The G20 sherpa and former NITI Aayog CEO, Amitabh Kant, emphasized the need for India to have one million fast chargers by 2030 to facilitate the adoption of electric vehicles (EVs). Kant highlighted the importance of localizing manufacturing and creating an interoperable fast-charging network to boost the EV movement in the country.

India’s EV sales have seen significant growth, nearly doubling in 2023 according to Counterpoint Research. With a projected 66% increase in sales this year, driven by consumer interest, government initiatives, and infrastructure development, the country is making strides towards sustainable transportation.

Speaking at Ather Energy’s community day event, Kant noted that India is already a major exporter of two-wheelers globally. He urged homegrown companies to focus on producing electric two-wheelers for the international market, recognizing the potential for growth and innovation in the EV sector.

Highlighting the importance of the automotive sector in India’s economy, Kant emphasized that it contributes significantly to the GDP, manufacturing GDP, and total exports of the country. The transformation of the automotive industry towards electric vehicles is crucial for economic growth and sustainability.

As India embraces the electric vehicle revolution, collaboration among EV players, startups, and manufacturers will be essential to build an efficient and widespread charging network. Kant’s vision for a greener future includes prioritizing local manufacturing and creating opportunities for innovation in the EV space.

In conclusion, Kant’s call for one million fast chargers by 2030 reflects India’s commitment to sustainable transportation and economic growth through the adoption of electric vehicles. With a focus on localization, collaboration, and innovation, the country is poised to lead the way in the global EV market.

–IANS
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IANS

IANS, established in 1986, is India's largest independent news service, offering 24x7 news from India and South Asia, and a preferred source for diverse content across six business verticals.

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