1. Bangalore experiencing a sharp spike in number of EV charging sessions in the city.

With electric vehicles becoming popular and charging infrastructure improving, Bengaluru is taking commendable strides towards electric mobility. The demand for BESCOM’s public charging infrastructure has increased with the number of monthly charging sessions increasing from just 302 in June 2020 to over 15,000 in June 2022. In January 2022, the number of charging sessions stood at 5000.
Two & three-wheeled electric vehicles are the top contributors to this rising demand.

Rajendra Cholan, MD, BESCOM stated, “This is a clear indication that more people are moving towards EVs. Over the next two years, we aim to put up one public charging station every 500 metres. Mandating the setting up of EV charging stations at new constructions over the area of 5000 sqm is also on the cards.”

2. Detailed EV market research report released.

A report titled “India EV Charging Equipment Market Outlook to FY'2026 – Driven by Increasing Adoption of Electric Vehicles along with Implementation of FAME II Policy by Government” by Market Research Company ‘Ken Research’ has been published on the world’s largest market research portal ‘researchandmarkets.com’. Key points from this study:

With the right government policies, a local supply chain, lower battery prices & widespread charging infrastructure, the Indian EV market could contribute $6.4 Bn in next 5 years.

eRickshaws, eAutos and e2Ws are the most promising segments for electrification in India and are expected to account for more than 4 million units by 2025.

Different types of EV chargers are available in the Indian market like Type 1, Type 2, AC and DC, unidirectional and bidirectional charging, catering to e4W, e3W, e2W. EESL stands out in the race owing to its bagging of all the major contracts under FAME scheme and being a public entity. Other companies such as ABB, Fortum, Ather Energy, Volttic, Charge+Zone are the other key players in the market.

3. EV conference ‘EVConIndia’ to be held in Gurugram on 29 July.

Blue Circle, a professional networking community, is organising an electric vehicle conference called EVConIndia at The Leela Ambience in Gurgaon, Haryana on 29 July, 2022. The potential participants include industry leaders, subject experts, innovators, start-ups & government representatives.

The agenda for the EVConIndia will focus on current priorities of the electric vehicle industry, such as providing & communicating reassurance on range anxiety and EV battery safety. Other topics include the role of finance in India's shift to electric vehicles, EV charging infrastructure and main challenges for EV charging infrastructure funding.

4. India plans a $10 Billion Electric Bus Tender.

Shares of electric vehicle and related companies surged after a multi-billion dollar tender for supply of electric buses was announced.
Convergence Energy Services Ltd (CESL), a joint venture of four state-run energy companies, will float tenders worth $10 billion (about Rs 79,965 crore) for manufacturing 50,000 electric buses!

This announcement led to a 3% rise in the shares of Tata Motors, Ashok Leyland, JBM Auto & Olectra Greentech. Battery makers such as Amara Raja (Amaron) & Exide Industries also gained.

CESL was formed in 2020 to manage the solar and electric business of its parent Energy Efficiency Services Ltd (EESL).

5. Gurgaon-based ‘SpotCharge’ to bring EV charging at your doorstep.

A Gurugram-based startup ‘SpotCharge’ has brought EV charging for electric four-wheelers parked in high-rise residential societies, commercial buildings, malls and parking lots, right at their doorstep. Apart from conventional charging services for 2, 3 & 4-wheelers being offered by the company, SpotCharge can also temporarily turn a parking spot into an EV charging space with a vehicle-mounted fast charger. This service is available even for places where electrical infrastructure is not available and where space to set up a static charger is less.

Users can book their slots using SpotCharge website or app and a machine operator will reach the designated location. The charging duration would be around 45-60 minutes. The customer can monitor the charging procedure in real-time via the website or app. Currently, the company is delivering fast-charging “at customer’s doorstep” in Gurugram and is set to expand its footprints in other cities such as Mumbai, Bangalore and Kolkata.

For complete EV charging solutions, explore the Kazam website.