New Delhi, Sept. 19 -- India's Rs 2,000-crore public electric vehicle (EV) charging allocation under the PM E-DRIVE scheme could support only about 18,811 charging points, less than 2 per cent of the estimated 1.32 million chargers required to support the country's 30 per cent EV adoption vision by 2030, according to the Institute for Energy Economics and Financial Analysis (IEEFA).

The estimate assumes a 100 per cent subsidy for both upstream infrastructure and charging equipment. IEEFA said grid upgrades can account for up to 50 per cent of the cost of setting up a public charging station, adding to the financial pressure on charging point operators facing low utilisation.

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