The data collected from top 40 cities of the country reveals that in order to meet the EV charging demands of the people by 2030, a total CAPEX of INR 16000 Cr is needed, a report by FICCI suggests, which is based on EV sales from 2015 to 2023. It also says, that the financial viability for public charging stations is currently low with current utilization rate being >2% whereas required is 8-10%.
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