As India gets ready to take baby steps to E-mobility, there is need to push electric mobility in commercial & personal use including cars, motorcycles, bicycles, buses, taxis, boats, rickshaws and the railways segment. So far, a major hindrance to this has been the lack of supply of electric vehicles as well as the charging infrastructure. Charging infrastructure for electric vehicles in India has not been fully developed yet. Companies involved in setting up of charging infrastructure are drawing contours of charging stations. The government has initiated a process to define standards and guidelines for electric charging stations.
The market for electric vehicles is constantly growing in India and globally. In 2012, the global market for electric vehicles reached about 83.5 billion U.S. dollars. Between 2013 and 2019, this market is expected to grow at a compound annual growth rate (CAGR) of around 19 percent to 271.67 billion U.S. dollars.