India Portable Electric Vehicle Charger Market Size, , By End-User

Synopsis
The above chart is India Portable Electric Vehicle Charger Market Size, 2018-2030, By End-User (USD Million)

Market Dynamics

india has been making significant strides towards sustainable development, with a strong focus on reducing carbon emissions and promoting the use of electric vehicles. as a result, there has been a growing demand for portable electric vehicle chargers in the country. the government's thrust towards electric mobility has played a crucial role in driving the demand for portable electric vehicle chargers. the indian government has launched various initiatives and policies to promote the adoption of electric vehicles, such as the faster adoption and manufacturing of hybrid and electric vehicles (fame) scheme, which provides financial incentives for the purchase of electric vehicles and the establishment of charging infrastructure. the increasing number of electric vehicle users in india has also contributed to the demand for portable chargers. according to a report by the society of manufacturers of electric vehicles (smev), the number of electric vehicles sold in india in 2020-21 was over 1.5 lakh, a significant increase from the previous year. with more electric vehicles on the roads, the need for portable chargers for convenient and on-the-go charging has also risen. one of the major end-users of portable electric vehicle chargers in india is the commercial segment. as the country shifts towards electric buses, cars, and two-wheelers, there is a growing demand for efficient and reliable charging solutions in various industries such as logistics, e-commerce, and public transportation. portable chargers offer the advantage of flexibility and portability, making them a preferred choice for commercial users who require a fast and convenient charging option. another significant end-user of portable electric vehicle chargers is individual vehicle owners. with the increasing availability of electric vehicles in the market, more and more people are opting for eco-friendly and cost-effective transportation solutions. portable chargers provide the convenience of charging at home or any other location, eliminating the need to depend on public charging stations. in conclusion, the demand for portable electric vehicle chargers in india is on the rise, driven by the government's initiatives, increasing adoption of electric vehicles, and the need for convenient and flexible charging options. with the country's focus on transitioning to a more sustainable future, the demand for portable chargers is expected to continue to grow, creating lucrative opportunities for manufacturers and suppliers in the market.