Report Summary Prospering Opportunities & Value Proposition Evaluation & Outlook By Charging Stations, By Number of Chargers, By OEMs, By PSU’s, By Discoms, By Smart City /Grid Operators
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INR. 2.5 Million is the estimated cost for setting a DC fast charging infrastructure for passenger (4W) electric vehicles in India as on 2018. Will it be reduced to make it a lucrative business proposition for unorganized players.
Charging infrastructure, mainly setting up of level 2 charging at public level shall be the toughest challenge in terms of service integration for India. For fast DC charging; cost & high renewable energy biggest factors!
New Charging Pattern Observed Globally & is Expected to be Similar in India.
There are significant technical differences between charging electric cars and refueling gasoline cars that make charging behavior different from traditional refueling behavior:
Charging Speed: Refuelling an ICE car at a petrol station only takes a few minutes and the infrastructure already exists. For full battery EVs, even fast-charging a battery to 80% will require 20-30 minutes (depending on battery size and fast-charging speed), and slow-charging a BEV usually takes multiple hours.
Charging Frequency: The range of BEV is less than that of gasoline cars and only Tesla’s Model S has a range of 426 km with 85 kwh battery. This reduced range capacity compared to traditional ICE vehicles means that “plugging” in to charge will need to happen more frequently than refuelling. However, an European driver of a BEV with a range of 150 km who has the opportunity to recharge at home or at work will have a limited need for additional recharging most of the time, since average trips are quite short. In most European countries, passenger vehicle driving distances average 40-80 km per day, with 2-3 trips per day. So most drivers would have an occasional need for additional charging outside of their homes or workplaces. This trend shall be similar in India as well.
BUSINESS CASE FOR CHARGING INFRASTRUCTURE MARKET IN INDIA FOR ELECTRIC VEHICLES
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