India Electric Vehicle Charging Equipment-Global Market Outlook 2019-2023
“The India Electric Vehicle Charging Equipment Market Research Report 2018-2023”: Is a valuable source of insightful data for business strategists. It provides the industry overview with growth analysis and historical & futuristic cost, revenue, demand and supply data (as applicable). The research analysts provide an elaborate description of the value chain and its distributor analysis. This Market study provides comprehensive data which enhances the understanding, scope and application of this report.
Companies Include are: ABB Ltd., Mahindra Reva Electric Vehicles Pvt. Ltd., Tata Power, ACME Group, Tesla Motors Inc., amongst others.
With Teslas successful launch of electric vehicle (EV) manufacturing networks across the globe, it has opened up enormous opportunities for the electric vehicles market all over the world, particularly in India. On November 30, 2013, Mahindra Reva Electric Vehicles Pvt Ltd. (Mahindra Reva) partnered with Bangalore International Airport Limited (BIAL) to set up EV charging stations at the Bangalore airport. Mahindra Reva has provided more than 100 charging stations in Bangalore, exclusively for Mahindra e20 customers that allow the customers to access at least one charging station at every 5 kms.
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Key Developments in the Market
May 2017: ACME Group successfully launched the battery swapping and electric vehicle charging station in Nagpur
Adoption of Electric Vehicles to Drives the Market
Growing sales of electric vehicles is a major factor driving the demand for electric vehicle charging equipment in India. Various governments across the country are offering subsidies in the form of road tax exemptions to electric vehicle owners to encourage the adoption of electric vehicles in India, which has, in turn, aided in the expansion of electric vehicle charging equipment market. The NEMMP have also provided the basic groundwork for the adoption of hybrid and electric vehicles in India.
Increasing Government Initiatives Accelerates the Growth
The Government of India has directed the countrys largest power generation utility, NTPC Ltd. and other public sector undertakings (PSUs) to work on setting up charging stations across major metropolitan cities. The state-owned utilities in India are also working on a plan to lower the cost of setting up charging stations from USD 3877.50 to USD 1551. These initiatives can help in increasing the number of electric vehicles charging stations in India.
BEV Preferred Over PHEV
Battery-electric vehicles (BEV) operate for more than 100 miles on a single charge, while plug-in hybrid electric vehicles (PHEV) operates up to 40 miles on battery power and then switches to internal combustion engine (ICE) to propel the vehicle either directly or through the electric motor. Therefore, BEV is preferred over PHEV in India.
The report has 150 tables and figures browse the report description and TOC:
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Influence of the India Electric Vehicle Charging Equipment market report:
-Comprehensive assessment of all opportunities and risk in the India Electric Vehicle Charging Equipment market.
– India Electric Vehicle Charging Equipment market recent innovations and major events.
-Detailed study of business strategies for growth of the India Electric Vehicle Charging Equipment market-leading players.
-Conclusive study about the growth plot of India Electric Vehicle Charging Equipment market for forthcoming years.
-In-depth understanding of market-particular drivers, constraints and major micro markets.
-Favourable impression inside vital technological and market latest trends striking the market.
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