Daily EV news · Global · 8 February 2026
EV Charging
India EV charging market valued at USD 126 million in 2025, forecast to reach USD 754 million by 2030
India's EV charging market was valued at approximately USD 126 million in 2025 and is projected to grow to USD 754 million by 2030, representing a compound annual growth rate exceeding 42 percent. The government's PM E-DRIVE Scheme has allocated USD 1,313 million from April 2024 to March 2026 for expanding EV infrastructure, including public charging stations. Approximately 1.56 million charging units were installed across India in 2025, with Karnataka leading deployment with over 5,000 public stations.
Why it matters
The forecast growth rate above 42 percent and substantial government funding signal a rapidly expanding procurement pipeline for charging hardware and installation services in India. CPOs and suppliers targeting the Indian market can benchmark their strategies against the leading state deployment figures and the two year government spending window.