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Electric Vehicle Charging Project
Current growth predictions
For 2020, before the COVID-19 crisis, the outlook for global growth stood at around 36%, with 3 million new unit deliveries. This trend was set to continue in 2021, with 4 million units (5% of all vehicles). Although COVID-19 has impacted the current sales, it has also proved how big is the impact of the fuel road transport to the overall pollution. Now more than ever we realize how important is to care our environment. The total electric vehicle stock was forecasted to be 13 million (9.2% penetration), and this trend will continue to rise for decades. This growth will be influenced by several factors, according to specialist firms and pacesetters in the sector.
EV charging equipment and services
In 2018, the world's total power consumption to charge the stock of 4 million EVs came in at around 10 TWh (12,500 km/year on average per car consuming 20 kWh/100 km).
The sector of EV supply equipment (EVSE) manufacturers and solution providers must invest heavily. Meanwhile, the EV charging sector offers many opportunities for both small and large enterprises, which must also make big investments to reap the benefits.
Business Opportunities and Demand
Electric Vehicle Service Equipment (EVSE) market kept growing in recent years. As many Electric Vehicle manufacturers publish Electric Vehicle with EVSE, EVSE market will keep in rapid development.Viewed from the supply side, in the past few years, less company entered into EVSE industry. Most of the manufacturers concentrate in US and EUViewed from the demand side, the current demand for EVSE product is growing.
Electric Vehicle Service Equipment (EVSE) Market Segment by Product Types considering Production of Level 1, Level 2, Level 3
Electric Vehicle Service Equipment (EVSE) Market Segment by Applications considering Consumption of Home, Public Parking, Shopping Mall, Office Parking, Hotels, Other
Forecasts by Power Type (AC Power and DC Power), by Product (Portable Charger, EV Charging Kiosk, Onboard Charging Station and Others), by Charging Station Type (Normal Charging, Super Charging and Inductive Charging), by Application (Residential and Commercial).
India's EV Charging Industry
Electric car related business opportunity is EV charging station. Electric car charging stations can be developed and installed as per the standards accepted in the area where it is installed. Home based charging stations, private charging stations are other opportunities in electrical car related business.
EV charging station management and repair would be a profitable business. If number of charging stations increase, the possibilities to start and run a complete charging station management is high. A group of different charging stations might be installed together and localized repair and maintenance would be the best solution
Electric vehicle and Electrical vehicle charger spare parts manufacturing or selling is another business that can be started. It’s also good to sell spare parts after importing from the manufacturing units
business opportunities in e-mobility
Electric Vehicle Manufacturing - A new wave of start-ups have embarked on auto manufacturing, a space that has traditionally had large barriers to entry. A few examples of such companies are Ather Energy, Ultraviolette, Strom Motors, Emflux Motors, Gayam Motor Works.
2. Battery Manufacturing
Though there are multiple reasons India lags in the cell manufacturing of Li-ion batteries, EV penetration has seen a plethora of companies enter the battery assembly space.
3. Powertrain Components Manufacturing - EVs have a simpler powertrain that requires way fewer parts than the ICE vehicles. Core components of an EV powertrain are Batteries, DC-AC converters, Electric motors, DC-DC coonverters, transmissions and ECUs (electronic control units).
Examples – Altigreen technology, Quanteon powertrain, Virya mobility, Elecnovo. Established auto component manufactures such as TVS Lucas and Bharat Forge have also diversified into EV powertrain component manufacturing.
Electric Vehicle (EV) Industry Forecast, 2020-2030
The global electric vehicle market is expected to reach $1,299.3 billion by 2030, representing a 2020-2030 CAGR of 19.8%.
The Indian electric vehicle ecosystem market provides detailed market information for segmentation such as batteries, propulsion type, charger type, separator and region. The purpose of this market analysis is to examine the electric vehicle ecosystem market outlook in terms of factors driving the market, trends, technological developments, and competitive benchmarking, among others.
Startup India Training Program
The type 1 plug is a single-phase plug which allows for charging power levels of up to 7.4 kW (230 V, 32 A). The standard is mainly used in car models from the Asian region, and is rare in Europe, which is why there are very few public type 1 charging stations.