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					</table><p>Total investment in electric vehicle chargers is set to cross $100 billion in 2023, and the next $100 billion of spending is expected to be achieved within the next three years, a new <a href="https://about.bnef.com/" target="_blank" rel="noopener">BloombergNEF</a> study found.</p>
<p>Annual spending on electric vehicle charging infrastructure almost doubled to $62 billion during the previous year.</p>
<p>There are currently more than 12 million active EV plug points globally, with the number of home chargers exceeding public chargers.</p>
<p>That is expected to soar as the adoption of EVs increases.</p>
<p>The report said the charging market reflects the EV market, where China and Europe are in the lead.</p>
<p>This is followed by the United States, which recently announced $7.5 billion of government funds for charging infrastructure under the Bipartisan Infrastructure Law.</p>
<p><strong>Notable Announcements</strong></p>
<p>The report mentions the top companies contributing to the growing EV charger market.</p>
<p>Mercedes-Benz announced plans for a network of 10,000 ultra-fast chargers last week, and the automaker would start with the U.S. for the initial set of installations.</p>
<p>ChargePoint in the U.S. leads the charging infrastructure market, while Tesla dominates the country’s EV market with fast and ultra-fast chargers.</p>
<p>The European market is more balanced, with a narrower gap between the top three EV charging operators than in the U.S.</p>
<p>“The U.S. market is picking up steam, while the European market is much more mature, with some consolidation potential,” said Ryan Fisher, BNEF’s lead EV charging analyst.</p>
<p>Automakers, oil companies, utilities, supermarkets, and pure-play charging companies are all racing to build, scale, and profit from a business that could one day be as ubiquitous as gas stations are right now.</p>
<p>Shell aims to have 2.5 million EV chargers operational by 2030, many of which would be fast chargers that can add 100 kilometers worth of driving distance in just five minutes.</p>
<p>In India, where EV adoption has been on the rise, EV sales <a href="https://mercomindia.com/ev-sales-clocked-record-one-million-units-2022/" target="_blank" rel="noopener">reached</a> a record one million units in 2022, a jump of over 300% against the 322,877 units sold in 2021.</p>
<p>The country so far <a href="https://mercomindia.com/two-and-three-wheelers-dominate-indias-registered-electric-vehicles/" target="_blank" rel="noopener">has</a> 5,151 operational EV charging stations.</p>
<p>Early last year, the Ministry of Power (MoP) <a href="https://mercomindia.com/ministry-of-power-guidelines-ev-charging-infrastructure/" target="_blank" rel="noopener">issued</a> the revised ‘Charging Infrastructure for Electric Vehicles (EVs) Guidelines’ to accelerate the e-mobility transition in the country. The guidelines aim to enable faster EV adoption in India by ensuring safe, reliable, accessible, and affordable charging infrastructure and ecosystem.</p>
<p>In September 2022, the U.S. Department of Transportation <a href="https://mercomindia.com/ev-charging-infrastructure-75000-miles-highways-u-s/" target="_blank" rel="noopener">approved</a> Electric Vehicle Infrastructure Deployment Plans for all 50 States covering approximately 75,000 miles of highway across the country. With the approval, all States gained access to $1.5 billion under the National Electric Vehicle Infrastructure (NEVI) Formula Program.</p>
<div class="saboxplugin-wrap" itemtype="http://schema.org/Person" itemscope itemprop="author"><div class="saboxplugin-tab"><div class="saboxplugin-gravatar"></div><div class="saboxplugin-authorname"><a href="https://cms.mercomindia.com/author/gautamee-hazarika/" class="vcard author" rel="author"><span class="fn">Gautamee Hazarika</span></a></div><div class="saboxplugin-desc"><div itemprop="description"><div class="designboxt">
<p><img class="alignleft" style="border-radius: 50%;height: 50px;margin-top: -4px;border: 1px solid #00b451" src="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2022/10/Picture1.jpg" width="50" /></p>
<p><strong style="text-decoration: underline">Gautamee,</strong> Staff reporter at Mercom India<br />
<a href="https://mercomindia.com/author/gautamee-hazarika/" target="_blank" rel="noopener">More articles from Gautamee.</a></p>
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<div class="authorboxn"><img class="alignleft" src="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2022/10/Picture1.jpg" width="102" height="102" /><a href="https://mercomindia.com/author/gautamee-hazarika/" rel="noopener">Gautamee</a> is a reporter at Mercom India. Prior to Mercom, Gautamee was working as a multimedia news journalist at ThePrint in New Delhi. She has received her Bachelors in English Honors and Masters in English Literature from St.Stephen&#8217;s College, University of Delhi.<a href="https://mercomindia.com/author/gautamee-hazarika/" rel="noopener">More articles from Gautamee</a></div>
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Electric Vehicle Chargers Spending to Hit $200 Billion by 2026: BNEF

<p>The electronics manufacturing division of the Hindustan Aeronautics Limited (<a href="https://hal-india.co.in/" target="_blank" rel="noopener noreferrer">HAL</a>) has issued a Request for Information (RfI) to identify a potential Indian entity for business cooperation in the electric vehicle (EV) charging business.</p>
<p>The exercise aims to find the right partner to explore the emerging EV charging business area in the upcoming EV market.</p>
<p>The last date for submission of the RfI proposal is November 22, 2019.</p>
<p>As per the RfI document, the applicant should have the technical know-how and should be in the business of EV charging. The successful business entity should also be willing to transfer the intellectual property rights of the developed product to HAL.</p>
<p>The project is expected to be completed within three to four months from the date of signing the transfer of manufacturing technology (ToT) contract. The prototype development will take place within three to four months of the signing of the development contract.</p>
<p>The selected Indian entity would need to share the technology of EV charging if already developed or else provide technical expertise and know-how for the joint development of EV charging infrastructure.</p>
<p>The scope of work includes providing the EV charging hardware and software development, communication protocols, cloud support, power handling, installation and certifications, and approvals from the Automotive Research Association of India (<a href="https://www.araiindia.com/home" target="_blank" rel="noopener noreferrer">ARAI</a>).</p>
<p>The EV charger should also be compatible with CHAdeMO connector, CCS Connector, Type 2 AC, Bharat DC-001, and Bharat AC-001 standards.</p>
<p>India is at the cusp of a EV revolution, and over the past year, the domestic market has seen a slew of activity in both EV and EV charging segments.</p>
<p>Earlier this year, the  <a href="https://dhi.nic.in/" target="_blank" rel="noopener noreferrer">Department of Heavy Industry</a> (DHI) <a href="https://mercomindia.com/government-proposals-ev-charging/" target="_blank" rel="noopener noreferrer">invited</a> proposals for deploying electric vehicle charging infrastructure in the country’s big and smart cities under the government’s FAME program. The cities have been categorized as million-plus cities, smart cities, satellite towns connected to metro cities of Delhi, Mumbai, Kolkata, Chennai, Hyderabad, Bangalore, and Ahmedabad.</p>
<p>Then in July 2019, the government <a href="https://mercomindia.com/gst-electric-vehicle-reduced-5/" target="_blank" rel="noopener noreferrer">reduced</a> the applicable rate of Goods and Services Tax (GST) on electric vehicles (EVs). The 36<sup>th</sup> GST Council meeting, chaired by Finance Minister Nirmala Sitharaman, decided that the GST rate on all the electric vehicles be reduced from 12% to 5%. Moreover, the GST rates on chargers or charging stations for EVs have been reduced from 18% to 5%.</p>
<p>Previously, Mercom <a href="https://mercomindia.com/eesl-floats-tender-200-electric-vehicle-fast-chargers/" target="_blank" rel="noopener noreferrer">reported</a> that the government’s Energy Efficiency Services Limited (<a href="https://www.eeslindia.org/content/raj/eesl/en/home.html" target="_blank" rel="noopener noreferrer">EESL</a>) had issued a tender for 200 fast chargers along with three years’ on-site warranty and annual maintenance contract.</p>
<div class="saboxplugin-wrap" itemtype="http://schema.org/Person" itemscope itemprop="author"><div class="saboxplugin-tab"><div class="saboxplugin-gravatar"></div><div class="saboxplugin-authorname"><a href="https://cms.mercomindia.com/author/rakesh-ranjan-parashar/" class="vcard author" rel="author"><span class="fn">Rakesh Ranjan</span></a></div><div class="saboxplugin-desc"><div itemprop="description"><div class="designboxt">
<p><img class="alignleft" style="border-radius: 50%;height: 50px;margin-top: -4px;border: 1px solid #00b451" src="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2022/02/Rakesh-Headshot-crop-2.jpg" width="50" /></p>
<p><strong style="text-decoration: underline">Rakesh Ranjan,</strong> Staff reporter at Mercom India<br />
<a href="https://mercomindia.com/author/rakesh-ranjan-parashar/" target="_blank" rel="noopener">More articles from Rakesh Ranjan.</a></p>
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<p><img class="alignleft" src="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2022/02/Rakesh-Headshot-crop-2.jpg" width="77" height="102" /><a href="https://mercomindia.com/author/rakesh-ranjan-parashar/" target="_blank" rel="noopener"><strong style="color: #00b451">Rakesh Ranjan</strong></a> is a staff reporter at Mercom India. Prior to joining Mercom, he worked in many roles as a business correspondent, assistant editor, senior content writer, and sub-editor with bcfocus.com, CIOReview/Silicon India, Verbinden Communication, and Bangalore Bias. Rakesh holds a Bachelor’s degree in English from Indira Gandhi National Open University (IGNOU). <a href="https://mercomindia.com/author/rakesh-ranjan-parashar/" rel="noopener noreferrer">More articles from Rakesh Ranjan.</a>
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Hindustan Aeronautics Seeks a Partner to Foray into EV Charging Business

<p>Energy Efficiency Services Limited (<a href="https://eeslindia.org/" target="_blank" rel="noopener">EESL</a>), a joint venture of the public-sector units of the Ministry of Power and the Government of India, has scrapped the second tender to procure 10,000 electric vehicles (EVs) to be used by government departments and agencies.</p>
<p>EESL had issued the tender for procurement in <a href="https://mercomindia.com/eesl-issues-tender-10000-evs/" target="_blank" rel="noopener">March 2018</a>.</p>
<p>The reason this tender had to be scrapped was because it had specifications for EVs in luxury bracket and the Bharat EV Charger is not compatible with high-end vehicle specifications. The government is still working on the specifications for EV chargers in India, resulting in the scrapping of the tender.</p>
<p>When contacted, an official in EESL’s e-mobility wing said, “Yes, the tender has been scrapped, but we will reissue it within a month or so.” For the <a href="https://mercomindia.com/eesl-issues-indias-first-ever-tender-procure-10000-electric-vehicles/" target="_blank" rel="noopener">first tender</a>, there were only two manufacturers that participated, and EESL <a href="https://mercomindia.com/tata-motors-rolls-first-batch-evs-eesl/" target="_blank" rel="noopener">awarded</a> the contracts to create demand and an initial market”.</p>
<p>“For this tender, there were specifications for high-end cars too that would run than 140 km with a single charge. Such cars require different sort of chargers. In India, we have Bharat EV Chargers, and that will not be compatible with all cars. Government is still working on setting standards for EV charging. Once the new set of standards for EV charging is issued, we (EESL) will revise the request for selection (RfS) accordingly and issue a new tender for 10,000 EVs,” added the EESL official.</p>
<p>The EESL official also said, “In the initial tender, there was space for only three winners, L1, L2, L3. In that scenario, L2 and L3 were supposed to match the L1 price and the contracts would be awarded amongst three firms. Now, the tender will have two specifications, one for EVs up to 140 km range and the second for EVs of range above 140 km (luxury EVs), three winners for each specification. In all there will be six participants, more competition and better technologies.”</p>
<p>Manufacturers have become familiar with the Indian EV sector for a year now and are aware of the requirements of the market. Soon, we expect to have competent original equipment manufacturers (OEMs) participating in the tender that is likely to be announced in a month or two.</p>
<div class="saboxplugin-wrap" itemtype="http://schema.org/Person" itemscope itemprop="author"><div class="saboxplugin-tab"><div class="saboxplugin-gravatar"></div><div class="saboxplugin-authorname"><a href="https://cms.mercomindia.com/author/saumy/" class="vcard author" rel="author"><span class="fn">Saumy Prateek</span></a></div><div class="saboxplugin-desc"><div itemprop="description"><p><img class="alignleft" src="https://mercomindia.com/wp-content/uploads/2018/03/saumy-edited-1.png" alt="Saumy Prateek" /> Saumy is a senior staff reporter with MercomIndia.com covering business and energy news since 2016. Prior to Mercom, Saumy was a copy editor at Thomson Reuters. Saumy earned his Bachelors Degree in Journalism &amp; Mass Communication from the Manipal Institute of Communication at Manipal University. <a href="https://mercomindia.com/author/saumy/">More articles from Saumy Prateek.</a></p>
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EESL Scraps its Tender for 10,000 EVs Due to Non-Availability of Chargers for Luxury Cars

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