State of the-Indian Electric Vehicle Infrastructure Market (An In-depth analysis on EV Charging Infrastructure Guidelines by Indian Government)-By Mirdul Amin Sarkar

STATE OF THE ELECTRIC VEHICLE (EV) INFRASTRUCTURE MARKET IN INDIA-2025
1
State of the
Indian Electric Vehicle Infrastructure Market
(An In-depth analysis on EV Charging Infrastructure Guidelines by Indian Government)
Authored by :
Mirdul Amin Sarkar
(Senior Research Analyst, BWC)
December 2018
WWW.blueweaveconsulting.com

2
TableofContentIntroduction 3
1. Electric Vehicle Market Outlook in India 4
2. Indian Government Policy Landscape to Promote
EVs & Minimize IC Engine Vehicles 6
2.1. Faster Adoption and Manufacturing of Electric Vehicles (FAME) 6
2.2. NITI Aayog’s Three Phased approach for adoption of EV/ HEV 6
3.India EV Industry Restraints & The Way Forward 7
3.1. High Price of EVs 7
3.1.1. The Way Forward 7
3.2. High Cost of Battery 8
3.3. Lack of Infrastructure 9
3.3.1.1.Electric Vehicle Charging Infrastructure Guidelines
by Indian Government 10
3.3.1.2. India Electric Vehicle Charging Station Market Outlook 12
3.3.1.3. Growth Potential Analysis: India EV Charging
Station Market, By Product Type (AC & DC EV Charging Station) 13
3.3.1.4. India Electric Vehicle Charging Station Market Share
& Forecast , By Product , By Value, 2014-2025 14
& Forecast , By AC EV Charging Station, 2014-2025 15
& Forecast , By DC EV Charging Station, 2014-2025 16
& Forecast , By Supplier Type, 2014-2025 17
3.3.1.8. Indian Electric Vehicle Charging Station Market Share
& Forecast , By Installation Type, 2014-2025 19
3.3.1.9. Porters Five Forces Analysis: EV Infrastructure Market in India 20
Recommendation 22

3
As the decade is moving towards the end, there's a lot which is changing.
Right from the consumer sentiments to vehicle manufacturers’ outlook to
cars in India and worldwide, there is a lot happening in the sector. The
Government is trying to set some electric vehicle (EVs) supportive policies
to bring electric vehicles in town and implement it by 2030, although it
looks like a long way to go in India!
The government of India has a clear agenda of moving towards Electric
Vehicles (EV) with a complete phasing out of Internal Combustion Engine
(ICE) vehicles. The Ministry of Heavy Industries and Public Enterprises has
launched the FAME scheme (Faster Adoption and Manufacturing of (Hybrid
&) Electric Vehicles in India) in 2015 under the National Electric Mobility
Mission Plan 2020 (NEMMP-2020) to promote faster transformation from
ICE to EVs. The FAME scheme focuses on a three phased approach to
achieve the target of introducing six to seven million electrified vehicles on
Indian roads by 2020. Subsequently, multiple state governments have been
providing incentives to attract electric vehicle (EV) manufacturing in their
states, and to fast-track adoption of EVs. Karnataka became the first state
of the country to notify an EV policy. Telangana and Andhra Pradesh are
expected to release their respective policies in due course. Nagpur became
the first city recently with availability of mass e-mobility options ranging
from e-rickshaws, e-taxis to e-buses. Gujarat is already home to major car
manufacturers and multiple car makers have plans to manufacture electric
cars from their production facilities in the state.
Delhi government drafts policy to make 25% of vehicles electric by 2023. It
has planned to create a significant corpus of funds to incentivize every
vehicle segment. The Delhi government will offer a subsidy up to Rs. 22,000
on purchase of e-two wheelers to ensure their cost is less than or equal to
petrol two wheelers. Government Electric two-wheeler taxis will be
allowed to provide last mile connectivity and Scrapping Incentive of up to
Rs 15,000 on old BS II and BS III two wheelers. This policy will allow open
permit system for e-autos in Delhi while Individual e-auto owners will get
down payment subsidy up to Rs 12,500 and 5% interest subvention and
similarly the cashback for passengers using e-autos up to Rs 10% will be
offered through this policy. In addition, NITI Aayogs ‘Three Year Action
Agenda is to be implemented by 2019-20’ also emphasizes the need to
migrate from ICE to eco-friendly automobiles.
The initial thrust towards hybrids is necessary as higher costs have been
deterring customers from buying EVs and cost parity is yet to be achieved.
Higher price (chiefly attributable to imported batteries), lack of public
charging infrastructure and fewer consumer choices have kept the market
penetration for electric vehicles considerably low. Currently, electric
vehicles penetration is barely 0.1 per cent in the personal vehicles segment
and about 0.2 per cent in the two-wheelers segment.
Introduction
“Electric Vehicle (EV) is the
sexiest transportation system
of the 21st century. In India,
Electric Vehicles (EVs) are the
new talk of town not only
because it helps to reduce
emissions, but also they give
the owner a status in society,
that of one conscious of the
environment, a green crusader
of sorts”

4
1. 1. Electric Vehicle Marker Size & Forecast in
India, 2014-2025 (USD Million)
India’s Transport Minister Mr.Nitin Gadkari had committed that India
India will stick to its plan of having 100% electric mobility by 2030.
1,100
1,365
1,689
2,085
2,569
3,159
3,878
4,753
5,817
7,110
8,680
9,210
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
Source: BlueWeave Consulting Analysis
1.Electric
Vehicle
Market
Outlook in
India According to BlueWeave Consulting, India electric vehicle market is
projected to grow at a growth rate of 20.01% over the forecast
period 2018-2025. Robust market growth is anticipated on account
of rising number of government initiatives such as incentive
schemes to encourage adoption of environment-friendly electric
vehicles, growing consumer inclination towards electric vehicles,
concerns over harmful effects of air pollution, and huge
investments by various OEMs for developing more affordable and
premium electric vehicles in the coming years.
In order to promote the sale of electric vehicles in the Indian
market, the government launched FAME scheme (Faster Adoption
and Manufacturing of Hybrid and Electric vehicles) in India, as a
part of the National Electric Mobility Mission Plan 2020, under
which, the government would provide certain incentives to lower
the purchasing cost of electric vehicles. During the financial Year
2015-16, an amount of Rs. 75 Crores was allocated for this scheme,
which was almost fully utilized. In the last financial year (2016-17),
Rs. 91 Crores (approx.) has been utilized out of the budget
allocation of Rs. 122.90 Crores

5
Under phase 1 of this scheme, support was
extended to buyers during the fiscal years 2015-
16 (Rs. 260 Crores) and 2016-17 (Rs. Rs 535
Crores). Further incentives would be provided
depending upon the success of phase 1.
Incentives of about Rs. 33 to 66 Lakhs are
planned for each electric bus which typically
costs around Rs. 1-2 Crores (imported buses) and
around Rs. 50-80 Lakhs (domestically
manufactured). Under the JNNURM (Jawaharlal
Nehru National Urban Renewal Mission),
NEMMP (National Electric Mobility Mission Plan)
and Smart city plans launched by the
government, various state and local transport
bodies are expected to purchase electric buses
over the next 5 years
Tata Motors has recently entered the EV
market in passenger vehicles and Electric
buses:
Tata Motors Limited, a USD 42 billion
organization, is a leading global automobile
manufacturer of cars, utility vehicles, buses,
trucks and defence vehicles. As India’s largest
automobile company and part of the USD 100
billion Tata group, Tata Motors has operations in
the UK, South Korea, Thailand, South Africa, and
Indonesia through a strong global network of 76
subsidiary and associate companies, including
Jaguar Land Rover in the UK and Tata Daewoo in
South Korea. In India, Tata Motors has an
industrial joint venture with Fiat. Engaged in
engineering and automotive solutions, with a
focus on future-readiness and a pipeline of
products, Tata Motors is India’s market leader in
commercial vehicles and among the top in
passenger vehicles with 9 million vehicles on
Indian roads. The company’s innovation efforts
are focused on developing auto technologies that
are sustainable as well as suited. With design and
R&D centers located in India, the UK, Italy and
Korea.
Tata Motors in collaboration with its subsidiary,
the UK based Tata Motors European Technical
Centre (TMETC), are looking to have a major play
in the EVs market in India. It plans to address
both the Passenger Vehicles and Electric Buses
market in India.
Electric buses
 It has already launched electric buses in
the state of Himachal Pradesh
 Plans to deliver 25 hybrid buses to
MMRDA in Mumbai
 100 Buses tender floated for Pune city, 6
buses for BEST, in Mumbai and 6 Buses
for Himachal Road Transportation
 Company in talks with Chandigarh
Government to start a pilot project for
Smart City
Expect demand from State Transport Unions
alone to be around 400,000 Electric buses in the
long run.

6
2.1. Faster Adoption and Manufacturing of Electric Vehicles
(FAME):
The FAME scheme was introduced in 2015 under NEMMP with an
objective to support hybrid/electric vehicles market development
and manufacturing eco-system. The focus areas included
technology development, demand creation, pilot projects and
charging infrastructure. The first phase of the scheme was
implemented during 2015-17 and covered both hybrid and
electric technologies. In the second phase of the scheme,
however, mild hybrids were excluded from the scheme. Over 1.7
lakh vehicles have received subsidy worth INR203 crore under
FAME so far. At present, the subsidy for two-wheelers range from
INR7,500 to 22,000; for three-wheelers from INR25,000 to
61,000; and for four wheelers from INR13,000 to 610,000.
2.2. NITI Aayog’s Three Phased approach for adoption of EV/
HEV:
2.Indian
Government
Policy
Landscape to
Promote EVs
& Minimize IC
Engine
Vehicles
In June 2017, the implementation of NEMMP and FAME was
allocated to NITI Aayog. NITI Aayog has since spearheaded the
government’s goal to move towards all electric cars sale by 2030.
The government’s premier think tank has developed a three-
phased approach focusing on system integration, shared
infrastructure development and scaled manufacturing. It has
advocated for a fee - rebate policy in which inefficient vehicles
would incur a surcharge and efficient ones would get rebates. It
has also released a proposal for ‘quick pilot’ for development of
vehicle infrastructure in Delhi. Overall, NITI Aayog has had
multiple consultations and is expected to come up with a
comprehensive policy that would help create and foster the EV
ecosystem by aligning the demand and supply side interests
including in the areas of lithium-ion battery and charging
infrastructure.

7
3.1. High Price of EVs:
The high upfront price of electric vehicle (EVs) is one factor
inhibiting consumers to buy electric vehicle. A typical electric
vehicle costs nearly 2 to 2.5 times higher than its combustion
engine equivalent. The primary component that hikes up the cost
of electric vehicles is imported batteries. Electric vehicles utilise
lithiumion batteries, none of which are manufactured within the
country, currently. Although the batteryprices have fallen from
nearly USD1000 per kilowatt hour in 2010 to roughly USD250 in
2017,1 the reduction in price is not sufficient to make these
competitive when compared to internal combustion engines.
Forecasts suggest that electric vehicles will achieve price parity
with ICE-powered vehicles only by 2025. The government is
providing subsidies under FAME to electric vehicles in order to
incentivise demand; however, direct financial support by the
government has its constraints given the sheer volume of the
transactions. Also, per charge range offered by EVs poses a
concern and any attempts to increase the range requires battery
capacity to be increased again leading to widened price gap.
3.1.1. The Way Forward:
3.India EV Industry
Restraints
&
The Way Forward
Central Government plans to replace its entire fleet of 5.5 lakh
vehicles with electric vehicles in the coming four to five years to
provide a thrust to investments in the EV eco-system. As an
initial plan, a tender of 10,000 electric vehicles in sedan car
category has already been awarded and the delivery would be
completed by 2019. A 20,000 electric vehicle tender is expected
to come out in early 2019. The government is also procuring
chargers for installation at public places. Further, a scheme to
incentivize cities with population of over one million for
promoting the use of electric vehicles with subsidies on
procurement of electric cars, city buses, as well as three-
wheelers has already been notified.
Tax Benefits for the EV Manufacturers: As per the NITI Aayog report ‘India
Leaps Ahead’, May 2017, it has suggested, reducing the interest rates,
indirect taxes and registration taxes at state level. In order to increase the
number of EVs or hybrid vehicles on road, tax benefits could play a
significant role. There needs to be zero registration fees for both EVs and
hybrids. Also, EV and hybrid vehicles should be exempted from GST, till the
time the target of complete electric mobility is achieved.

8
3.2. High Cost of Battery:
At Present, electric vehicle battery cost around
USD 250 per kWh. Even if battery
manufacturing companies can meet the
technical challenges outlined above, battery
cost may remain above that target. As a large
component of the overall EV costs, high
battery prices impact manufacturing and sales.
Clearly the cost of batteries will play a critical
role in determining the commercial viability of
electric vehicle. Improved technology can
reduce battery costs, increase efficiency and
improve driving range, making EVs more
accessible and attractive to potential
customers.
3.2.1. The Way Forward
Falling EV Battery Costs Make EVs More Price
Competitive
Continuing government commitments to
support EVs are important for maintaining
Indian leadership and competitiveness in
automotive manufacturing. Currently, EVs are
relatively expensive to produce, in large part
due to the batteries and associated electronics.
Today’s battery packs make the cost to
manufacture EVs 1.5 to 2.5 times that for
manufacturing similarly sized gasoline vehicles.
However, such cost differences will decline
significantly as the volume of battery
production increases and manufacturers use
lessons learned from prior vehicle and battery
designs.
Indeed, the costs of battery packs already have
fallen a great deal over the past seven years as
the scale of production has increased and
manufacturers have developed more cost-
effective methods.
Lithium-ion Battery Price Trends (USD/kWh),
2010-2030
The price of lithium-ion batteries has fallen
sharply owing to increasing production scale. In
addition, manufacturers have developed more
cost-effective one of the method is reducing
cobalt and increasing nickel to enhance the
performance and reduce cost.
During the first EVs market launch in 2010, their
battery packs cost an estimated USD 1,001 per
kilowatt-hour (kWh). However, by 2017 Tesla
Model 3 battery pack costs USD 191 per kWh,
and General Motor Chevrolet Bolt battery pack
cost around USD 204 per kWh. The drop is more
than 70.8% in the price per kWh within 6 years.
Electric Vehicles are projected to cost same or
less than a comparable gasoline powered vehicle
if the price of battery packs falls between USD
126 and USD 152 per kWh. According to
BlueWeave market forecast uniformity in the
price of electric vehicles and combustion engine
based vehicle will be achieved by 2024, while the
price of a lithium-ion battery pack to drop to USD
75/kWh by 2030.
625
503
415
343
289
232
182
154
128
91 75
0
100
200
300
400
500
600
700
2010
2012
2014
2016
2018
2020
2022
2024
2026
2028
2030
Source: BlueWeave Consulting, UCS

9
3.3. Lack of Infrastructure:
Shortage of charging infrastructure and lack
of affordable models will hold back the
development of the market for electric
vehicles in India. With charging stations
limited to barely 100 across the nation,
uninterrupted charging becomes a concern.
Creating public charging infrastructure itself
is a complex process. It requires deep
analysis of the vehicle segments that are to
be catered and their utility patterns. Usually,
Level 1 charging is a slow charging facility
that typically requires six to eight hours.
Level 2 is the fast charging option requiring
three to four hours, best suited for
commercial places. Rapid chargers are the
Level 3 required to be installed at highways
and long routes. They take about 30 minutes.
Further, it is important to determine the
model for operation of the charging stations.
Globally, there are two kinds of models in
operation – Independent Electric Mobility
model, wherein market players set up
charging stations and charge the necessary
fees for the same; and Integrated
Infrastructure Market model, where
installation and operation of charging
stations is regulated and mostly undertaken
by the government, although a third-party
service provider may be contracted for the
same. Charging infrastructure additionally
requires electricity grids to be upgraded
enabling them for additional load taking,
simultaneously ensuring that electricity
production is through environment-friendly,
renewable means.

10
3.3.1. The Way Forward:
3.3.1.1. Electric Vehicle Charging Infrastructure
Guidelines by Indian Government:
In December 2018, the Indian Government has finally
announced a policy for the rollout of electric vehicle
charging infrastructure. Ministry Of Power on December
14, 2018, the government has outlined several key facts,
figures and a plan to support the expansion of electric
vehicles in the country. The push for electric mobility
charging stations will first be rolled out in cities with a
population of greater than 4 million residents which
includes Mumbai, Delhi, Bangalore, Hyderabad,
Ahmedabad, Chennai, Kolkata, Surat and Pune.
After much waiting and uncertainty, India will finally
have public electric charging stations as a reality rather
than just a pipe dream. The most important thing in the
circular is that the setting up of these charging stations
will be a de-licensed activity and thus the rollout of
these charging stations are expected to be quite rapid.
The circular states that:
 Electric car owners will be benefitted with a special
green number plates
 The charging station will also be free to obtain
electricity from any power company through the
open access system. Once applied for, the charging
station will also be given priority for an electric
connection by the distributing agency.
 Current fuel filling stations will be given priority and
will be encouraged to set up these electric car
charging stations
 Company owned and company operated pumps will
get even further priority over privately owned
pumps.
 Company owned and company operated pumps will
get even further priority over privately owned
pumps.

11
 Fuel pumps will have to set up a
'firewall' in order to separate the electric
charging infrastructure as compared to
the conventional fuel one.
 Private charging stations in your
house/apartment complex/office block is
free to set up charging station for
vehicles to be used internally, public
charging stations will have to have a
minimum requirement of charging infra
that it will be required to meet.
 Every charging station will have to have a
minimum of three fast chargers, one CCS
- Combined Charging System style plug,
one CHAdeMO - CHArge de MOve",
equivalent to "move using charge" and
one Type-2 AC fast charger.
 The first two plus will have to have a
minimum output of 50kW and 200-1000
volts, the Ty-2 plug will have to be a
minimum of 22kW and have 380-480
volts
 The charging station will also
compulsorily have two slow/moderate
charge points, one with a Bharat DC-001
connection with 15 kW and 72-22 volts
and the other, a Bharat AC-001 with 10
kW and 230 volts.
 There will be atleast one electric vehicle
charging station in a grid of 3000 metres
or 3 kms.
 On the highway, there will be an electric
car station every 25 kms.
 The government has also recognised key
corridors that will have electric charging
stations for both smaller private vehicles
and larger commercial vehicles. These
include the expressways between
Mumbai-Pune, Ahmedabad-Vadodra,
Delhi-Agra (Yamuna Exp.), Surat-
Mumbai, Agra-Lucknow, Delhi-Agra
(NH2) and the Eastern Peripheral
Expressway. Other major roads include
the Hyderabad Outer Ring Road, Delhi-
Jaipur highway, Bengaluru-Mysore
highway and 5 connected highways to
each megacity.

12
3.3.1.2. India Electric Vehicle Infrastructure Market Outlook
IndianElectric Vehicle Charging StationMarketSize & Forecast, 2014-2025 (USDMillion)
According to BlueWeave Consulting, India
Electric Vehicle Charging Station market is
expected to grow with growth rate of 33.25%
over the forecast period 2018-2025. 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. Moreover, the
Faster Adoption and Manufacturing of
Hybrid & Electric Vehicles (FAME) India
Scheme that supports the development of
hybrid & electric vehicles, demand creation,
pilot projects, and charging infrastructure, is
expected to be a driving factor for increasing
the demand of electric vehicle charging
equipment over the next few years. Electric
vehicles charging stations in India are
installed mainly in homes, workplaces, and at
public places, including shopping malls,
petrol pumps, public parking, and mass
transit stations.
Presently, India has only 100 EV charging
stations all over the states. Increasing
preference towards fuel-based vehicles over
electric vehicles for long-route trips is the
major constraint for the market growth in
India. Additionally, the high initial cost is
another factor hindering the growth of EV
charging equipment market in India. To
overcome this, the government needs a
minimum investment of USD 27.9 billion for
setting up EV charging stations in India.
273.61
294.52
314.19
337.91
446.67
591.38
781.88
1,034.38
1,366.56
1,806.56
2,387.41
3,332.10
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025

13
EV Charging Station Projects initiated
bytopplayers in India so far:
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. Companies, such as
JSW, National Thermal Power Corporation
Limited (NTPC) and the Power Grid
Corporation of India Limited (PGCIL) are also
planning to foray into the electric vehicle and
charging stations market in India. Moreover,
Tata Power and Ola have planned an
investment of around USD 100.81 million for
the development of charging infrastructure
in Nagpur and Delhi, respectively. These
factors along with the government's
ambitious plan of achieving at least 6-7
million electric vehicles on the road by 2020,
under the National Electric Mobility Mission
Plan (NEMMP) is expected to emanate
demand for electric vehicle charging
equipment in India, which is projected to
register a significant growth during 2018-
2023.
3.3.1.3. Growth Potential Analysis: India EV Charging Station Market,
By Product Type (AC & DC EV Charging Station)
0
2
4
6
8
10
12
0 1 2 3 4 5 6 7 8 9
AC EV Charging Station DC EV Charging Station
Market Potential HighLow
Source: BlueWeave Consulting
MarketGrowthHighLow

14
3.3.1.4. India Electric Vehicle Charging Station Market Share (%) &
Forecast , By Product , By Value, 2014-2025
DC EV Charging Station holds higher market
potential with a revenue share of 74.9% in
2025. With the growing awareness regarding
DC charging’s rapid charging feature and
other properties, the segment is expected to
a prominent market share over the forecast
period.
DC chargers are capable of charging an EV in
20-30 minutes. These chargers are able to
transform high-voltage AC to DC, for storage
in electric vehicles. They have been further
divided into three connectors namely
CHAdeMO, Combined Charging System (CCS),
and others (Tesla Supercharger and China
GB/T).
AC EV Charging Station market exhibits a
market share of 25.1% in 2025. Due to its
lower costs (production, installation and
operation) these are the more commonly
found chargers. It is much economical to
charge at AC chargers, making them more
popular for general day to day charging.
These chargers will maintain necessary
communication with control system of the
vehicle and provide charging for the safe
conduct of the operator and vehicle. It
provides safe and controlled interconnection
of the onboard charger with the power
network and transfer up to 22kW of power
per hour which is then transformed into
direct current and sent to the battery. The
performance of onboard charger is limiting
however how much power it could actually
use, regardless the performance of the
charger.
85.1%
79.7%
74.3%
68.9%
63.5%
58.0%
52.6%
47.1%
41.0%
36.1%
30.6%
25.1%
14.9%
20.3%
25.7%
31.1%
36.5%
42.0%
47.4%
52.9%
59.0%
63.9%
69.4%
74.9%
0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
AC EV Charging Station DC EV Charging Station

15
3.3.1.5. India Electric Vehicle Charging Station Market Share (%) &
Forecast , By AC EV Charging Station, 2014-2025
AC EV Charging Station market exhibits higher
growth potential with market share of 68.9% in
2017 growing with a CAGR of 13.8% by 2025. The
product is further segmented into Level 1 and
Level 2.
Level 2 AC EV charging station holds higher
market potential with a revenue share of 64% in
2025 owing to its compatible nature with all
electric vehicles. Level 2 equipment offers
charging through a 240V, AC plug and requires
installation of home charging or public charging
equipment. These units require a dedicated 40
amp circuit.
Level 2 charging equipment is compatible with all
electric vehicles and plug-in electric hybrid
vehicles. Level 2 chargers have a cord that plugs
directly into the vehicle in the same connector
location used for Level 1 equipment.
Level 1 AC EV charging station is estimated to
grow with a market share of 36% in 2025 owing
to its portable nature. Level 1 equipment
provides charging through a 120 volt (V),
alternating-current (AC) plug and requires a
dedicated circuit.
Level 1 charging equipment is standard on
vehicles and therefore is portable and does not
require the installation of charging equipment.
On one end of the provided cord is a standard,
three-prong household plug. On the other end is
a connector, which plugs into the vehicle.
29.1%
29.8%
30.4%
31.0%
31.6%
32.3%
32.9%
33.5%
34.1%
34.8%
35.4%
36.0%
70.9%
70.3%
69.6%
69.0%
68.4%
67.8%
67.1%
66.5%
65.9%
65.3%
64.6%
64.0%
0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
Level 1 Level 2

16
3.3.1.6. India Electric Vehicle Charging Station Market Share &
Forecast , By DC EV Charging Station, 2014-2025
DC EV Charging Station market exhibits higher growth
potential with market share of 31.1% in 2017 growing
with a CAGR of 44.0% over forecast period 2018-2025.
The product is further segmented into CHAdeMO,
Combined Charging System (CCS), and others (Tesla
Supercharger and China GB/T).
Combined Charging Station (CCS) exhibits higher
market potential with a revenue share of 10.96% in
2025 owing to its standardized, safe, reliable and user-
friendly charging ability. CCS defines a single
connector pattern on the vehicle side that offers
enough space for a Type 1 or Type 2 connector along
with space for a two-pin DC connector allowing up to
200 A.
CHAdeMO is estimated to grow with market share of
63% in 2025 owing to its compatible charge points
covering global coverage for all fast charging
standards. They are identical across the world, which
means users can take their EV to any country in the
world and are able to fast charge with the local
networks provided the right access cards.
Others DC Electric Vehicle charging Station segment
includes Tesla Superchargers and Chinese GB/T. This
segment is estimated to grow with market share
26.04% in 2025, owing to its rapid charging facility in
a wide range of situations.
Tesla vehicles use an onboard charger to convert
alternating current (AC) from a wall charger to direct
current (DC) that’s stored in the battery The Chinese
GB/T supports level 2, level 3, three-phase AC, and
250-volt & 400-volt DC. The GB/T pin design is
identical to an IEC connector; however, its functions
are entirely different.
0.0%
10.0%
20.0%
30.0%
40.0%
50.0%
60.0%
70.0%
80.0%
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
CHAdeMO Combined Charging Station Others*Others* include Tesla

17
3.3.1.7. India Electric Vehicle Charging Station Market Share &
Forecast , By Supplier Type, 2014-2025
Private charging station supplier segment holds a
market share of 87% in 2025. Growing ties of
charging station manufacturers with government
regulatory bodies across the globe that offer
superior charging ports and connectors is a major
factor fueling the private charging station
segment of the market. Furthermore, the private
charging station segment is projected to maintain
its prominent position in the market during the
forecast period owing to the limited presence of
OE charging stations such as Tesla and BMW.
The early adopters of plug-in vehicles cut the
path for all later adopters. Many early plug-in
vehicle drivers built their own plug-in vehicles.
Others worked with manufacturers to show their
support for plug-in vehicles and, later, to get in
85.6%
85.8%
85.9%
86.0%
86.1%
86.3%
86.4%
86.5%
86.6%
86.8%
86.9%
87.0%
14.4%
14.3%
14.1%
14.0%
13.9%
13.8%
13.6%
13.5%
13.4%
13.3%
13.1%
13.0%
75% 80% 85% 90% 95% 100%
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
Private Charging Station OE Charging Station

18
line for groundbreaking plug-ins like the GM EV1
and the Nissan LEAF.
OE charging station supplier segment is expected
to hold a market share of 13% in 2025. With
original equipment manufacturers (OEMs)
focused on connected electric vehicle solutions
for customers wishing for electric vehicles range.
With original equipment manufacturers (OEMs)
focused on connected electric vehicle solutions
for customers wishing for electric vehicles range,
the market for the electric vehicle charging
stations is expected to witness rapid growth
during the forecast period.

19
3.3.1.8. Indian Electric Vehicle Charging Station Market Share &
Forecast , By Installation Type, 2014-2025
Residential installation type is estimated to hold
a market share of 46.0%, in 2025 owing to the
rise in demand of the passenger electric vehicle
among the consumers. Installing residential EVSE
may require changes to the home’s electrical
wiring and prompt selecting different utility
electricity rates.
People tend to follow a charging hierarchy that
starts at home. Most individual passenger cars
remain parked for 8-12 hours at night, and home
charging can be easy and often cheaper than
charging elsewhere. The reasons: in most
countries, residential electricity is cheaper than
commercial or industrial electricity, and most
charging can happen overnight when off-peak
electricity prices are lower.
Commercial installation type is estimated to hold
a Market share of 54%, in 2025. With the
growing adoption of plug-in electric vehicles
(PEVs) there is increasing need for installing
commercial charging stations.
Commercial charging stations can be installed at
taxi stands, retail stores, government offices, and
parking lots of work places, hotels, airports,
shopping malls, fast food restaurants, and coffee
shops.
0.0%
10.0%
20.0%
30.0%
40.0%
50.0%
60.0%
70.0%
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Residential Commercial Source: BlueWeave Consulting

20
3.3.1.9. Porters Five Forces Analysis: EV Infrastructure Market in
India
 Bargaining Power of Suppliers
(Medium-Low)
Number of suppliers present in the market have
low bargaining power as the market is in nascent
stage, further absence of uniqueness amongst
different suppliers offering AC and DC charging
station maintains the bargaining power of
suppliers medium to low
Consumers are highly informed and
knowledgeable about the attributes of electric
vehicles charging station further the trend of
adopting eco-friendly products will positively
impact the suppliers power over alternative
sources such as gas & fuel. Development of solar
charging station has reduce the cost and
increased the convinces attracting large
consumer base which will increase the supplier
bargaining power over the forecast period
 Bargaining Power of Buyers-
(MediumTo High)
Consumers are spending high amount on the
purchase of electric vehicles and charging station
over conventional vehicles which is influencing
the bargaining power of buyers. Moreover,
increasing number of consumers adopting
electric vehicles and low switching cost of
charging station is increasing the bargaining
power of buyers
Government has devised supportive policies and
subsidies couple with tax benefits to influence
the consumer to buy electric vehicles which is
positively impacting the bargaining power of
buyers is medium to high
Intensity of Rivalry
(Medium to High)
Bargaining Power of
Suppliers
(Medium to Low)
Bargaining Power of
Buyers
(Medium to High)
Threat of
Substitutes
(Medium to High)
Threat of
New Entrants
(Medium to High)

21
 Threat of Substitutes-(Mediumto
High)
The substitutes available for AC and DC charging
stations are solar and wind energy based
charging station which increases the threat of
substitutes from medium to high. In addition,
growing research and development activities to
develop renewable energy source will increase
the threat of substitutes
Price of solar and wind energy based substitutes
are economical compared to AC and DC charging
station, hence high price of products compared
to other alternative product increases the threat
of substitutes
 IntensityofRivalry-(Medium to
High)
Customers loyalty towards brand is low which
influences customers to choose and install
charging station from economical supplier thus
increasing the intensity of rivalry
Fuel and gas based companies such as BP plc has
invested USD 5 million in Free Wire Technologies,
a U.S. based charging station manufacturer to
diversify its business into EVs charging station,
thus shift of oil & gas companies towards the
market is intensifying the rivalry’s of competitors
 Threat of NewEntrants-(Medium
to High)
High capital investment coupled with intense
competition to offer standard quality product at
lower price will maintain the threat of new
entrance medium to low
Supportive government policies and high growth
potential of the market will attract large number
of manufacturer towards the market.
Presence of established market players in the
industry will negatively impact the new entrance
thus maintaining the barging power medium to
high

22
Recommendation
After the whole study and analyzing all the factors for Electric
Vehicle Market and Electric Vehicle Charging Station Market,
BlueWeave Consulting has comeup with the recommendation
that, the market for plug-in electric vehicles (PEVs) is charged up
and ready to roll. Growth in market penetration of PEVs is
occurring across most major markets in India. Utilities can gain
the upper hand in the PEV arena through developing a PEV
charging infrastructure with the digital customer at the core.
According to BlueWeave Consulting’s Recent study and reports
titled-“ Electric Commercial Vehicles Market Trends & Forecast-
2018-2024” and “Electric Vehicle (EV) Charging Station Market
Forecast & Opportunity, 2014-2025”, around 80% of customers
prefer buying charging services from their energy provider.
However, many utilities are just beginning to formulate an
integrated PEV strategy. A window of opportunity is available
now, but utilities need to act quickly to become a major player in
the PEV market. If they do not, other players in the PEV
ecosystem (including automotive, technology and retail
companies) will likely develop a digital customer experience
strategy and thereby win. Governmental policies need to be
considered as well. In Norway, 24% of cars are already running
on electricity, with the political support to stop selling
conventional fuel cars entirely by 2025. In the United States, the
Department of Energy unlocked USD 4.5 billion in loan
guarantees that can be used for PEV charging infrastructure and
programs. Indian government under the Ministry of Heavy
Industries and Public Enterprises has launched the FAME scheme
(Faster Adoption and Manufacturing of (Hybrid &) Electric
Vehicles in India) in 2015 under the National Electric Mobility
Mission Plan 2020 (NEMMP 2020), to promote faster
transformation from Internal Combustion Engines (ICE) to EVs.
The FAME scheme focuses on a three phased approach to
achieve the target of introducing six to seven million electrified
vehicles on Indian roads by 2020 which will trigger the market
growth of electric vehicles charging station over the forecast
period.
These policy moves are important in two ways. First, they could
catalyze adoption in the same way loan guarantees accelerated
solar. Second, they could de-risk utility investments in potentially
riskier, more innovative and digitally enabled infrastructure and
programs.

23
Those are really good news for the Electric Vehicle
and Infrastructure Market! But the bad news is…!!
Most of market players are just beginning to formulate an integrated
PEV strategy. A window of opportunity is open now, but they need to
act quickly to be major players in the PEV market. If they do not, other
players in the PEV ecosystem (including automotive, technology and
retail companies) will likely develop digital solutions and thereby win
the customer. That’s why this is the high time to invest and starting
new business or expansion of business towards Electric Vehicles and
Charging Infrastructure making over the Nation.
And we, BlueWeave Consulting is the state-of-the-art solution for
those business strategy making to redecorate your business or
ventures in accordance with the Electric Vehicle and Charging Station
market demands and scopes, which our research reports are going to
suggest in the most accurate, elaborate & professional manner.
KNOW MORE ABOUT US:
BlueWeave Consulting provides a full scope of business intelligence solution for solving your toughest
challenges. BWC is an emerging global expert & pioneer in the market research and provision of exclusive
market INTEL. We optimize your decision making by equipping your industry with an accurate & better market
research according to your industry demands through our professionally designed qualitative & quantitative
research methods. Our trendy & efficient sample collection methods, integrated data solutions as well as
methodologies certainly make us a better partner that you can rely on. With collective experience in the varied
fields of retail, market research and reporting , we provide the business insight and business practices that
would give the required impetus for your company’s growth. We are promising a powerful insight that will
propel your business forward & will broaden the arena of your market knowledge by utilizing our highly
professional and competent platform. We believe in delivering strategic blueprint of success that will help our
Clients to pave their paths of success.
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