Ersatz Solar EV Charging Stations

Research has shown that Electric Cars are a blessing for the Environment. They emit fewer greenhouse gases and air pollutants than petrol or diesel cars. The government’s demand for incentives under the Faster Adoption and Manufacturing of (Hybrid) and Electric Vehicles (FAME)-II Scheme, as well as different tax breaks under state EV policies, have made EVs an appealing alternative.

India’s EV segment is pegged to receive investments worth $12.6 billion across the automotive supply chain over the next five years. As per India Energy Storage Alliance (IESA), the Indian EV industry is expected to expand at a CAGR of 36%.

World’s top automakers have concluded that Electric Vehicles are the way of the future. With the arrival of e-mobility, the Indian automobile sector is undergoing a fundamental transformation. Electric vehicles are less expensive to operate, require less
maintenance, and are better for the environment than their internal combustion engine equivalents (ICEs). Although sales of these Electric Vehicles are increasing, there are several issues on the ground. According to a Grant Thornton Bharat-FICCI poll, India would need 400,000 charging stations by 2026 to meet the demand for two million electric vehicles on the road.