India will have 450 to 500 million electric vehicles on the road by 2030. Right now, there are only 13 million.

A new report considering India’s fast-paced plan to adopt sustainable mobility technology says that between 450 and 500 million electric vehicles could be on Indian roads by 2030. India, which has a large auto industry, is now switching to electric vehicles. The government has detailed plans for supporting infrastructure, such as charging stations for electric vehicles (EVs). KPMG, an auditing company has now put out a report that shows how big the EV industry will be in the country by 2030.

In the last few years, India’s sales of electric vehicles (EVs) have grown at a very fast rate. Over 0.53 million electric vehicles (EVs) have been registered in India in the last three years. With electric two- and three-wheelers making up the majority of sales in the country. EVs made up 0.63% of all cars sold in FY 2022-2022. Tata and MG have made 98% of this piece, and the Tata Nexon EV has been the most popular. With 63% of the market share for all EV cars sold in India.

KPMG says India will likely have 500 million electric vehicles on the road by 2030.

KPMG has put out a report that says between 450 million and 500 million electric cars. It could be on Indian roads by 2030. This is because India’s goal of making all transportation electric is moving quickly forward. Which has led to good changes in the infrastructure that supports it.

In the report, the auditing firm says that both slow and fast chargers are important for getting people to use EVs. As the number of EVs on the road grows, quick and cheap charging will become increasingly important. The KPMG report says that growth in public and private charging infrastructure. As well as different rules for different types and class vehicles, will be important.

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Rohan Rao, Partner, M&A Consulting, KPMG in India, said, “Development of a strong charging network has gone hand in hand with faster EV adoption around the world. We expect the same to happen in India.”

Most public and private charging stations will be 2Ws and 3Ws slow chargers. While DC chargers may only be used for public and a few 4Ws and LCVs. Battery swapping technology could also be very important for fleets and other commercial applications that need to charge quickly.

From the report, it is also clear that users will have different expectations for home and work charging systems than for charging at a destination or while on the go. There will also be differences in how fleets are charged. In the near future, penetration into real estate and interoperability between CPOs and service providers could also be important topics affecting the strength of the charging network.

India has moved up its plans to use more electric vehicles (EVs), and many international and domestic brands, such as BYD, Tata, and Mahindra, are interested in bringing new vehicles to the country. Brands like Kia have spent a lot of money on expanding the number of fast chargers in the country.