{"id":175465,"date":"2023-05-04T15:51:38","date_gmt":"2023-05-04T15:51:38","guid":{"rendered":"https:\/\/siit.co\/guestposts\/?p=175465"},"modified":"2023-05-04T15:51:38","modified_gmt":"2023-05-04T15:51:38","slug":"ev-charging-equipment-market-gets-a-big-push-from-the-government-as-ev-adoption-grows-in-india-ken-research","status":"publish","type":"post","link":"https:\/\/siit.co\/guestposts\/ev-charging-equipment-market-gets-a-big-push-from-the-government-as-ev-adoption-grows-in-india-ken-research\/","title":{"rendered":"EV Charging Equipment market gets a big push from the government as EV adoption grows in India: Ken Research"},"content":{"rendered":"<p style=\"text-align: justify\">Since 2020, EV sales in India have been consistently breaking records as a result of a dynamic shift in public opinion towards electric transportation. The government currently faces a big gap as EV adoption rises, and building a massive network of public stations and community charging stations in important metro areas comes as a big task. However, the government is coming forward and providing several incentives to fix this gap. Here is a glimpse of the major government\u2019s strategic plan and actions that aim to offer a big support to the EV charging Equipment market in India, directly from our premium report.<\/p>\n<p style=\"text-align: justify\"><strong>1. <\/strong><strong>With US, China and part of Europe becoming frontrunners for EV adoption, India also has a high potential for EV Penetration and Growth<\/strong><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-84639 size-full\" src=\"https:\/\/www.kenresearch.com\/blog\/wp-content\/uploads\/2023\/05\/EV-Market-Attractiveness-Result-Matrix1.jpg\" alt=\"\" width=\"1198\" height=\"749\" \/><\/p>\n<p style=\"text-align: justify\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-84640 size-full\" src=\"https:\/\/www.kenresearch.com\/blog\/wp-content\/uploads\/2023\/05\/Electrification-Share-by-Segment-India-FY20212.jpg\" alt=\"\" width=\"1195\" height=\"402\" \/><strong>2. As a part of the larger EV adoption push, different aspects of EVSE deployment\u2014standards, incentives, adoption and execution\u2014have been entrusted to different government entities<\/strong><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-84641 size-full\" src=\"https:\/\/www.kenresearch.com\/blog\/wp-content\/uploads\/2023\/05\/As-a-part-of-the-larger-EV-adoption-push.jpg\" alt=\"\" width=\"1155\" height=\"508\" \/><\/p>\n<p style=\"text-align: justify\"><strong>3. The government has announced EV infrastructure Standards and Guidelines to implement <\/strong><span style=\"text-decoration: underline\"><a href=\"https:\/\/www.kenresearch.com\/automotive-transportation-and-warehousing\/automotive-and-automotive-components\/india-ev-charging-equipment-market-outlook-to-fy-2026\/504386-100.html\"><strong>Electric Vehicle Charging Stations<\/strong><\/a><\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-84642 size-full\" src=\"https:\/\/www.kenresearch.com\/blog\/wp-content\/uploads\/2023\/05\/Electric-Vehicle-Market-Incentive-Structure-for-Charging-Stations.jpg\" alt=\"\" width=\"1211\" height=\"486\" \/><\/p>\n<p style=\"text-align: justify\"><strong>4. Incentives will be disbursed in three slots\u201420% at the time of approval as an advance, 40% after the commissioning of charging stations, and 40% after 6 months of successful commercial operation<\/strong><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-84644 size-full\" src=\"https:\/\/www.kenresearch.com\/blog\/wp-content\/uploads\/2023\/05\/Electric-Vehicle-Market-Incentive-Structure-for-Charging-Stations-2.jpg\" alt=\"\" width=\"1299\" height=\"548\" \/><\/p>\n<p style=\"text-align: justify\"><span style=\"text-decoration: underline\"><a href=\"https:\/\/www.kenresearch.com\/talk-to-expert.php?Frmdetails=NTA0Mzg2\"><strong>Request a Call with Expert<\/strong><\/a><\/span><strong> to know more about the business model<\/strong><\/p>\n<p style=\"text-align: justify\"><strong>\u00a05. <\/strong><strong>As of January 2020, 2,636 EV chargers have been allotted the incentive in 24 states and union territories, out of which 1633 fast chargers and 1003 slow chargers have been sanctioned<\/strong><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-84645 size-full\" src=\"https:\/\/www.kenresearch.com\/blog\/wp-content\/uploads\/2023\/05\/Charging-Station-Supplier-Network-India-2021.jpg\" alt=\"\" width=\"1212\" height=\"520\" \/><\/p>\n<p style=\"text-align: justify\"><strong>6. Lack of Space, Manpower for Setting-Up along with High Initial Costs of Charging Equipment, and Infrastructure are the major challenges in India\u2019s EV Charging Equipment Market<\/strong><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-84646 size-full\" src=\"https:\/\/www.kenresearch.com\/blog\/wp-content\/uploads\/2023\/05\/Lack-of-Space-for-Set-Up.jpg\" alt=\"\" width=\"1174\" height=\"493\" \/><\/p>\n<p style=\"text-align: justify\"><strong>7. However, Battery swapping could address some of the key challenges in electric vehicles, such as the high battery replacement cost, long charging duration, and insufficient charging infrastructure<\/strong><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-84647 size-full\" src=\"https:\/\/www.kenresearch.com\/blog\/wp-content\/uploads\/2023\/05\/Why-Battery-Swapping.jpg\" alt=\"\" width=\"992\" height=\"684\" \/><\/p>\n<p style=\"text-align: justify\"><strong>8. Owing to Strong government Push and Industry Initiatives India is expected to witness considerable growth in the EV Charging Infrastructure market<\/strong><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-84649 size-full\" src=\"https:\/\/www.kenresearch.com\/blog\/wp-content\/uploads\/2023\/05\/Strong-Government-Push-1.jpg\" alt=\"\" width=\"1311\" height=\"624\" \/><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-84650 size-full\" src=\"https:\/\/www.kenresearch.com\/blog\/wp-content\/uploads\/2023\/05\/Industry-Initiatives.jpg\" alt=\"\" width=\"1168\" height=\"697\" \/><\/p>\n<p style=\"text-align: justify\"><strong>To Know more about this Whitepaper, Visit this link:-<\/strong><\/p>\n<p style=\"text-align: justify\"><span style=\"text-decoration: underline\"><a href=\"https:\/\/www.kenresearch.com\/India-EV-Charging-Equipment.php\"><strong>India EV Charging Equipment Market<\/strong><\/a><\/span><\/p>\n<p style=\"text-align: justify\"><strong>Related Reports By Ken Research:-<\/strong><\/p>\n<p style=\"text-align: justify\"><span style=\"text-decoration: underline\"><a href=\"https:\/\/www.kenresearch.com\/industry-reports\/usa-ev-and-ev-charging-equipment-market\"><strong>USA EV &amp; EV Charging Equipment Market Outlook to 2027<\/strong><\/a><\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"text-decoration: underline\"><a href=\"https:\/\/www.kenresearch.com\/automotive-transportation-and-warehousing\/automotive-and-automotive-components\/ksa-ev-charging-equipment-market-outlook-to-2027\/596288-100.html\"><strong>KSA EV Charging Equipment Market Outlook to 2027F<\/strong><\/a><\/span><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Since 2020, EV sales in India have been consistently breaking records as a result of a dynamic shift in public opinion towards electric transportation. The&#8230;<\/p>\n","protected":false},"author":2573,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[61],"tags":[],"class_list":["post-175465","post","type-post","status-publish","format-standard","hentry","category-business-finance-tech"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>EV Charging Equipment market gets a big push from the government as EV adoption grows in India: Ken Research - SIIT - Tech Guest Posts<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/siit.co\/guestposts\/ev-charging-equipment-market-gets-a-big-push-from-the-government-as-ev-adoption-grows-in-india-ken-research\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"EV Charging Equipment market gets a big push from the government as EV adoption grows in India: Ken Research - SIIT - Tech Guest Posts\" \/>\n<meta property=\"og:description\" content=\"Since 2020, EV sales in India have been consistently breaking records as a result of a dynamic shift in public opinion towards electric transportation. 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