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Govt Subsidies for EV charging Station
During the Lockdown period the total auto the total water industry suffered be it for the Maruti Suzuki, Renault ,Bajaj or any other company they have encountered with loss. But one interesting and inspiring fact that has happened to our Indian market is that the electric vehicle sector that is new it's grown during this period specially two wheeler and three wheeler. We have seen some potential in terms of the four wheeler industry also now if you see this increasing number of cells in terms of electric vehicle Sabhi asli EV charging infrastructure is having great potential at Indian as well as all emerging EV markets across the globe. As per industry right now we have 4000 plus charging stations which is only 1% of 400000 charging stations. That means we still need a huge supply in this market. So we can see that there is clearly a demand and supply gap. By 2030 with expected penetration 2.9 million charging stations are required for India where exponential growth is expected