India Electric Vehicle Charging Infrastructure Market Report: Analysis of Market Size, Share, and Trends to 2029
The India Electric Vehicle (EV) Charging Infrastructure Market has emerged as a pivotal component in the country's efforts to transition towards clean and sustainable transportation. According to the TechSci Research report, " India Electric Vehicle Charging Infrastructure Market - Industry Size, Share, Trends, Competition Forecast & Opportunities, 2029," the market stood at USD 913 million in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 22.04% during the forecast period of 2024-2029. This growth is underpinned by strong government initiatives, rapid urbanization, and advancements in charging technology. Government Initiatives and Policy Support FAME Scheme and National Electric Mobility Mission Plan The government of India has introduced various schemes and policies to bolster EV adoption and charging infrastructure development. The Faster Adoption and Manufacturing of Electric Vehicles (FAME) scheme and the National Electric Mobility ...