An electric vehicle charging station represents a setup that is generally built to offer a source of electricity for hybrid and electric vehicles. They can be broadly categorized into alternating current AC, direct current (DC), and inductive charging types. These electric vehicle charging station variants are equipped with a power grid, facility meter, energy controller, charger, software platform, network operating center, and lithium-ion batteries.
They provide special connectors that conform to multiple electric charging connector standards. Electric vehicle charging station systems even assist in lowering maintenance costs and ecological damage, preventing greenhouse gas (GHG) emissions, and enhancing public health. Consequently, they are in extensive demand across India.
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The growing automotive industry and the escalating manufacturing and sales of electric vehicles are among the key factors driving the India electric vehicle charging station companies. Additionally, the launch of several favorable initiatives by government bodies aimed at promoting e-mobility and the introduction of financial assistance plans for fleet businesses are acting as significant growth-inducing factors. Apart from this, the rising investments by leading market players for developing EV charging stations across geographically extended locations and public facilities are also positively influencing the market across the country.
Moreover, the elevating technological advancements and the increasing integration of the internet of things (IoT) and real-time information solutions with charging stations that offer information about the availability of vacant spots and allow individuals to schedule convenient slots for fill-ups are further catalyzing the Indian market. Besides this, the development of smart cities is expected to stimulate the India electric vehicle charging station companies in the coming years.
- ABB Ltd.
- Charzer Tech Pvt Ltd.
- Delta Electronics Inc.
- Ensto India Pvt. Ltd.
- Exicom Tele-Systems Ltd.
- Fortum India Pvt. Ltd. (Fortum Oyj)
- Mass-Tech Controls Pvt Ltd.
- Tata Power Company Limited
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