According to a report by consulting firm KPMG, the total number of electric vehicles on India’s roads is expected to reach 5 million by 2030, creating huge opportunities for players in the charging ecosystem.
Although electric vehicle (EV) penetration is currently low at around 1%, EV sales in India are expected to grow sharply due to strong demand, supply and regulatory factors, says KPMG in a report on the next big charging of electric vehicles.
According to the report, electric mobility in India is developing rapidly, electric vehicles are gradually becoming mainstream, and the sales of electric vehicles in the last fiscal year tripled. The two-wheeler (2W), three-wheeler (3W) and bus segments are currently driving growth.
