006 – EV Charging Infra – Better Move by India

EV Charging Infra, India
EV Charger Everywhere

Recent Move by Government of India

With respect to EV Charging Infra, the recent declaration by the Government of India that it is working on a low-cost AC charging station standard for public EV charging will be a game-changer for electric vehicles. We explain why local government officials, EV charging companies, and EV aficionados should be interested.

India has made the right decision in terms of electric vehicle charging infrastructure. The Indian government’s latest revelation that it will implement a low-cost AC charge point standard for public EV charging will be a game-changer for electric vehicles.

Current Scenario of EV Infra

India’s EV migration is charting its own course, even as the global electric vehicle migration is measured by the share of cars that are becoming electric. Two- and three-wheelers, also known as light electric vehicles, make for approximately 98 percent of the more than five lakh EVs sold since 2017. Electric two- and three-wheelers would lead the way in terms of EV penetration in the country. By the year 2030, this segment is predicted to have a total sales share of 50%, far bigger than the estimated 15% for electric buses and cars.

To support this predicted development, a network of public, convenient, and economical charging stations is a must. Yet, the general deployment of EV charging infrastructure has been slower than anticipated, particularly in the case of public charging. Infrastructure for public charging is a large capital expenditure with a comparatively low return. This is owing in part to India’s initial concentration on public charging standards created for high-voltage electric vehicles, which it accepted as it began its EV journey.

The Real Problem

The cost of a single charging gun can range from INR 1.25 lakhs to INR 7.5 lakhs, as they frequently necessitate extra electrical grid infrastructure upgrades such as new distribution transformers and HT cable networks. As a result, high-power chargers are prohibitively expensive. The Bharat AC-001 and DC-001 public EV charging regulations, which were designed in 2017 for India’s mostly low-voltage EV fleets, are still available for INR 70,000 and INR 2.5 lakhs, respectively.

Another impediment is the scarcity of low-cost AC chargers in densely populated locations, with public charging considered as a separate land use requiring specialized space, similar to fuel outlets. To close the charging gap created by these obstacles, the governments from Central & State, offer subsidies and public land blocks for charging infrastructure installation. Unfortunately, available charging stations are only used less than 10% of the time yet the lack of suitable charging infrastructure and low-cost AC chargers continues to be a barrier to EV adoption in the country.

This indicates a clear misalignment between EV customers’ needs and the existing approach to EV charging infrastructure development. Instead of a few high-power EV charging stations, India’s EV fleet, which is dominated by LEVs, should include a large number of low-power charging stations.

The Solution – Atmanirbhar Bharat

Government and institutional investors are both aware of the need for a change in approach to local charging infra. According to a recent declaration by the Department of Science and Technology, a new low-cost AC charging point tailored for LEV use will be available in the Indian market soon. The smart charging point, which has a target price of less than INR 4,000/- is powered by a 220V/15A single-phase connector and can charge one EV at a time.

Users of electric vehicles can communicate with it via their cell phones to begin charging, make payments, and obtain information about their charging transactions. This charger, which was developed in close collaboration with industry participants, will be introduced as a charging standard by the Bureau of Energy Efficiency. Multiple firms in India will produce it, promoting local manufacturing and helping the government’s Aatmanirbhar Bharat initiative.

Most Needed EV Charger to Boost EV Sales

In India’s EV transition, this advancement in low-cost EV charging will be a game-changer. The low-cost ac charger standard offers a cost-effective solution for the continuously increasing charging requirements of LEV sectors. It can be connected to the common LT distribution network and does not require expensive electrical grid equipment. This enables charging stations to be placed everywhere in a city, regardless of power source availability.

Finally, these low-cost ac charging devices will support broad-scale charging point installation without the need for big investments. Public EV charging does not have to be limited to a few select spots; charging stations may be strategically placed across public parking lots to create a dense charging network that is both accessible and convenient to use.

The Final Outcome

This minimizes the need for subsidies and land exemptions for EV charging for both the central and state governments, assuring more efficient use of public funds to promote EVs. This reduces capital expenditures and strengthens the business case for pricing services. For present and future EV owners, this could finally put an end to the well-known phenomena of range anxiety, allowing for the speedier adoption of electric vehicles.

We at ARKO focussing on the core issue and have plans to resolve them through the proper process. We are working with all the major stakeholders of this ecosystem and are assured that the solution we are providing will be able to resolve every issue associated with the growth of the Electric Vehicles market in India. All the above-mentioned concerns of a customer are being dealt with by ARKO with utmost care and effective strategies.

To know more about various business opportunities and how to make the customer comfortable with EV charging station locations in India, reach out to us: www.pushpakventures.com, write to us at sachin@pushpakventures.com, +91-8851585984. You can also follow us on our Facebook Page to get regular updates. Join our Facebook community to interact with Industry Experts. Download ARKO from https://bit.ly/3xjcRlk.

Leave a Reply

Your email address will not be published. Required fields are marked *