Public charging stations (PCSes) in India
What is the status of public charging stations (PCSes) in India?
India has seen growth in the number of PCSes, but utilization remains a challenge. Low usage and high operating costs deter investors and financiers.
Why are PCSes struggling with low utilization?
PCSes face low utilization due to factors like non-working chargers, lack of standardized metrics for profitability, and uncertainty about breakeven periods.
Are PCSes financially viable?
PCSes are struggling to attract investment due to low visibility and high capital costs. A small petrol pump often offers better earnings potential.
What can boost the viability of PCSes?
Viable models include fleet charging with power offtake guarantees, reliable charging networks, and government subsidies for electricity tariffs. However, the transition to commercial rates may pose challenges.
Is fleet charging a promising avenue?
Fleet charging is seen as a promising option with utilization rates of 40-45 percent, driven by power offtake guarantees from fleet operators.
Are there alternative solutions to charging infrastructure challenges?
Battery swapping is gaining attention as a solution to address range anxiety and charging time concerns.
What’s the outlook for India’s EV mobility?
India’s electrification future may rely on diversifying revenue streams, much like multiplexes, to generate income from non-charging services.
How does India’s charging infrastructure compare globally?
India has fewer PCSes compared to major economies. While it’s a fast-growing EV market, the lack of charging infrastructure is a challenge.
What’s the role of financiers in boosting PCSes?
Financiers are hesitant due to low utilization and uncertain returns. Bankability is a significant hurdle.
What’s the key takeaway?
Achieving a balance between PCS growth and economic viability is crucial for India’s EV future.
SRIRAM’s Sustainable Mobility Vision
