According to 6Wresearch, India Electric Vehicle Charging Infrastructure Market size is anticipated to register growth during 2020-2026. The electric vehicle charging infrastructure market in India is in its early stages of development and is mainly dependent on government funding schemes. People are less inclined towards electric vehicles due to cost-related issues. However, the government has started various campaigns to create awareness and offer various subsidies with tax exemptions on the purchase of the electric vehicle, which would drive the electric vehicle charging infrastructure market growth. Under the FAME-II scheme, the government has approved the installation of 2600 electric vehicle charging stations in 62 cities of India with Maharashtra topping the number with 317 stations. However, sluggish market growth is predicted in 2020 on account of nationwide lockdown and weak economic activities due to the COVID-19 pandemic.
By applications, the commercial application segment generated maximum revenue share in India electric vehicle charging infrastructure market in 2019, and the same trend is expected to continue during the forecast period as well on account of cost reduction, higher efficiency, and an expected increase in the number of commercial vehicle sales in the country over the coming years.
Key Highlights of the Report
India Electric Vehicle Charging Infrastructure Market Overview
Porter’s Five Force Analysis
Market Opportunity Assessment
India Electric Vehicle Charging Infrastructure Market Trends
India Electric Vehicle Charging Infrastructure Market Overview on Competitive Benchmarking
India Electric Vehicle Charging Infrastructure Market Share, By Companies
Company Profiles
India Electric Vehicle Charging Infrastructure Market Outlook
India Electric Vehicle Charging Infrastructure Market Forecast
Market Drivers and Restraints
Market Trends and Industry Life Cycle
Key Strategic Recommendations
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