New Delhi: The number of public battery electric vehicle (BEV) charging stations in India expanded significantly from 1,800 in February 2022 to 16,347 in March this year, marking nearly a nine-fold increase, a report showed on Thursday.

The EV infrastructure market in the country is witnessing unprecedented growth, according to the report by global advisory firm Forvis Mazars in India.

The report mentioned that this robust infrastructure expansion is crucial as it aligns with the increasing demand for EVs driven by heightened environmental awareness, rising fuel prices, and supportive government incentives, setting the stage for a more sustainable transportation future.

“By 2030, electric vehicles are projected to make up almost one-third of India’s passenger vehicle market, highlighting the significant infrastructure requirements,” said Rohit Chaturvedi, Partner, Transport and Logistics sector, Forvis Mazars in India.

EV sales in India tripled in the last fiscal year, particularly in the two-wheeler (2W) and three-wheeler (3W) segments.

“Factors such as lower total cost of ownership, ease of use, sustainable choices, a growing supplier network, product customisation, and government incentives like FAME-II are driving EV adoption and charging infrastructure growth,” the report mentioned.