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EV Charger | In 3-4 years Rs. 48,000 EV chargers to be installed with an investment of Rs 14,000 crore: report

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Mumbai With the growing number of electric vehicles in the country, over the next three to four years, Rs. About 48,000 additional electric vehicle chargers will be installed with an investment of Rs 14,000 crore. This is stated in a report. Rating agency Icara said in a report that the expansion of charging infrastructure would play a key role in increasing the number of electric vehicles in the two-wheeler, three-wheeler and bus segments.

According to the report, by the fiscal year 2024-25, sales of new vehicles in the two-wheeler category will be 13 to 15 per cent electric, more than 30 per cent in the three-wheeler category and 8 to 10 per cent in the bus category. Will be electric. The report said that there are currently less than 2,000 public charging stations in the country and most of them are in selected states and mainly in urban areas.

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“India is still lagging behind in terms of EV charging infrastructure,” said Shamsher Diwan, Vice President and Group Head, ICRA. However, like other countries, India is making strong policy efforts to increase the number of EV charging stations. Some PSUs and private companies have announced entry into charging infrastructure.

“Another option is a battery swap,” he said. To expand the charging network for electric vehicles, the central government has provided Rs. 1,300 crore has been allotted. (Agency)

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