India’s Public EV Charging Power Consumption Doubles in Q1 FY25 Amid Rapid Infrastructure Expansion
NEWSINVESTMENT
10/5/20242 min read
In the first quarter of FY25, public charging stations (PCSs) for electric vehicles (EVs) in India saw their power consumption more than double, reflecting the country’s rapidly growing EV ecosystem. According to the Central Electricity Authority (CEA), PCSs consumed 176.87 million units (MU) of energy between April and June 2024, a remarkable 108% year-on-year increase from 84.95 MU in Q1 FY24.
This surge in consumption is attributed to the exponential rise in EV registrations, which grew by over 42% in FY24, with 1,681,127 new EVs registered compared to 1,183,341 in FY23. As of July 2024, India has a total of 4.57 million EVs registered via the e-Vahan portal. In Q1 FY25 alone, 394,000 electric passenger vehicles, three-wheelers, two-wheelers, and electric commercial vehicles were sold.
Delhi emerged as the largest consumer of electricity for public EV charging, using 83.86 MU in Q1 FY25—accounting for nearly 47% of the total energy consumed by PCSs nationwide. Maharashtra followed with 44.48 MU (around 25%), while Gujarat took third place with 14.38 MU (approximately 8%).
Compared to Q1 FY24, Delhi had consumed 38.11 MU (45% of the total), while Mumbai used 34.24 MU (40%), and Gujarat stood at 6.36 MU (7.5%).
The EV infrastructure in India is also expanding rapidly. According to an August 2024 report by advisory firm Forvis Mazars, the number of public battery electric vehicle (BEV) charging stations surged from 1,800 in February 2022 to 16,347 in March 2024—nearly a ninefold increase. India is projected to have 50 million EVs on its roads by 2030, with the EV market expected to reach $48.6 billion.
To keep up with this growth, India will need to install over 400,000 charging stations annually to maintain an ideal ratio of one charger for every 40 EVs, totaling 1.32 million chargers by 2030. The country’s charging infrastructure is unique, as two-wheelers (2Ws) and three-wheelers (3Ws) dominate and primarily use AC slow charging or battery swapping, while four-wheelers (4Ws) and buses require both AC and DC fast charging solutions.
Home and workplace charging will likely remain the primary method for private EV owners, while commercial fleets are expected to rely on private depots or public charging networks. As the number of four-wheeled EVs increases, the demand for public DC fast chargers is expected to rise significantly.
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