India will need approximately 5,760 to 6,852 acres of land for EV, and an investment of $7.5 billion to $9 billion is required by 2030, says a report.
According to the latest reports by the real estate expert Savills India, India’s goal to increase the use of electric vehicles will require substantial investment and land over the next five years to develop a robust infrastructure for battery production, manufacturing, and charging setups.
5,700+ Acres Needed for EV Infrastructure by 2030
India will need 5,760 to 6,852 acres of land by 2030, and this high demand will bolster EV manufacturing facilities, lithium-ion battery plants, and public charging stations nationwide, according to the report “Charged for Change: How EVs are Reshaping Indian Real Estate.”
It will cost between $7.5 billion and $9 billion to build these facilities. This money will mostly be utilised for land acquisition and the construction of new facilities. In a scenario with high EV adoption, the investment might exceed this figure. The expanding demand for EVs is being driven not only by market factors but also by government policies, increased environmental awareness, and rising petrol prices. These factors encourage people and groups to use cleaner modes of transportation.
Here is a report that highlights the breakdown of the land that is needed:
- A built-up area of approximately 43.8 to 53.7 million square feet, or 2,009 to 2,367 acres, is needed for manufacturing, with an estimated investment range of £2.8 to £3.5 billion.
- India would require developing between 81,000 and 92,500 public and semi-public charging stations to meet the increased demand for electric vehicles. A built-up area of 52.3 to 59.8 million square feet and 2,402 to 2,744 acres of land are required for investments between £2.8 and £3.2 billion.
- The country’s lithium-ion battery manufacturing is rapidly increasing, from 4 GWh in 2023 to between 147 and 179 GWh by 2030. Between 1,348 and 1,641 acres of land, 29.3 to 35.7 million square feet of built-up area, and investments of between $1.9 billion and $2.3 billion will be required to serve this market. India also plans to meet 13% of its EV battery cell demand domestically by 2030, reducing reliance on imports.
As demand for electric vehicles grows in India, the real estate sector is also witnessing a boost, caused by the need for more manufacturing units and warehouses to produce and store EVs and their components. A greater number of logistics park in key locations are needed to promote the efficient movement of commodities. This entire wave of expansion is being driven by government regulations, investments, and improved infrastructure focused on driving EV adoption.
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