The Growing Demand for EV Charging Station Franchise in India

By Fahmeer Gull 5 Min Read

Are you ready to ride the wave of the future? In a world where eco-consciousness is on the rise, electric vehicles (EVs) have become more than just a passing trend – they are revolutionizing transportation as we know it. As EVs gain popularity in India, so too does the need for convenient and accessible charging stations. And that’s where you come in! In this blog post, we will explore the growing demand for EV charging station franchises in India, and why now is the perfect time to jump on board this electrifying opportunity. Get ready to plug into success and be at the forefront of a green revolution!

 

The growing demand for EVs in India and its impact on the need for charging stations

 

The demand for electric vehicles (EVs) has been steadily increasing in India over the past few years, driven by a combination of factors such as rising fuel prices, government policies promoting clean energy, and technological advancements in battery technology. As a result, there has been a significant increase in the number of EVs on Indian roads and this trend is expected to continue in the coming years.

 

With this growing demand for EVs comes the need for infrastructure to support them, particularly charging stations. EVs require regular charging just like conventional vehicles require refueling at gas stations. However, unlike traditional gas stations which are widespread and easily accessible, charging stations are still relatively scarce in India. This presents a huge opportunity for entrepreneurs looking to invest in the EV industry through franchise opportunities.

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One of the main reasons driving the demand for more charging stations is the limited range offered by current EV models. Most electric cars have a range of around 200-300 kilometers per charge, making it necessary for drivers to have access to reliable charging infrastructure throughout their journey. With more people opting for EVs as their primary mode of transportation, there will be an increased need for conveniently located charging stations along major highways and city centers.

 

Moreover, with initiatives like Faster Adoption and Manufacturing of Hybrid & Electric Vehicles (FAME) scheme launched by the Indian government to promote sustainable mobility solutions, there is likely to be a surge in sales of electric two-wheelers and three-wheelers as well. This further highlights the potential market for establishing EV charging station franchises that cater to these types of vehicles.

Government policies and incentives for promoting electric vehicles and charging stations

The Indian government has been taking significant steps towards promoting electric vehicles and the establishment of charging stations in the country. With the aim to reduce carbon emissions, decrease dependence on fossil fuels, and promote sustainable transportation, various policies and incentives have been introduced at both central and state levels.

One of the major policy initiatives by the central government is the Faster Adoption and Manufacturing of Hybrid & Electric Vehicles (FAME) scheme. Launched in 2015, this scheme provides financial incentives to manufacturers, buyers, and charging infrastructure developers for promoting electric mobility in India. Under this scheme, around 2 lakh EVs have been sold in India as of March 2021.

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Additionally, in February 2021, the government announced a revamped FAME II scheme with a budget outlay of Rs 10,000 crores over a period of three years. This revised scheme offers higher incentives for electric two-wheelers and three-wheelers as well as incentives for setting up public charging stations.

Apart from these central-level policies, many states have also introduced their own policies to boost EV adoption. For instance, Delhi’s Electric Vehicle Policy aims to make Delhi a leading city in terms of EV market share by providing subsidies on purchase and registration fees for EVs. Uttar Pradesh has also launched an Electric Vehicle Policy that includes measures such as tax exemptions for EV manufacturers and subsidies for charging infrastructure set-up.

Future growth potential

The future growth potential of EV charging station franchise in India is immense, and the market is expected to experience significant expansion in the coming years. This can be attributed to several factors such as increasing government initiatives towards promoting electric vehicles, rising consumer awareness about sustainable transportation, and advancements in technology.

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