Electric Vehicle Boom: Transforming India's Real Estate Landscape
A comprehensive report by Savills India highlights the significant real estate demand driven by the growth of the EV market in India. The country will require 5,760 to 6,852 acres of land by 2030 to support EV manufacturing, battery plants, and public charging infrastructure.
Ev MarketReal EstateSustainable MobilityGovernment PoliciesLithiumion BatteriesReal EstateJun 25, 2025
According to Savills India, the EV market in India has experienced substantial growth in recent years, driven by various factors. These include market forces, government policies, rising environmental concerns, and increasing fuel costs. These factors are encouraging both individuals and businesses to adopt cleaner alternatives. The Government of India has launched several initiatives, such as the Faster Adoption and Manufacturing of (Hybrid&) Electric Vehicles (FAME) and the Production-Linked Incentive (PLI) schemes, to accelerate EV adoption and strengthen the supporting ecosystem.
India is rapidly emerging as a major player in the global EV market, not only advancing sustainable mobility but also creating significant new demand for real estate to support the required EV infrastructure. The report highlights several key points:
- India will need upwards of 6,000 acres of land for EV manufacturing, battery plants, and charging infrastructure by 2030.
- The total real estate investment required by 2030 for EV manufacturing facilities and charging stations is estimated at USD 7.5 to 9.0 billion.
- India’s lithium-ion battery manufacturing capacity is projected to grow to between 147 GWh and 179 GWh by 2030.
- An estimated 81,000 to 92,500 public and semi-public EV charging stations will be needed across India by 2030.
Savills India, a premier professional international property consulting firm, began its operations in India in early 2016 and has since seen significant growth. With offices in major cities such as Ahmedabad, Bengaluru, Chennai, Delhi NCR, Hyderabad, Kolkata, Mumbai, and Pune, and having serviced clients in other key locations like Baroda, Bhubaneshwar, Chandigarh, Guwahati, and Indore, Savills India has a strong pan-India platform to deliver customized specialist services to its clients.
The report's findings not only highlight the transformative impact of the EV market on India's real estate sector but also underscore the importance of strategic planning and investment to meet the growing demand for EV infrastructure. As India continues to embrace sustainable mobility solutions, the real estate sector will play a crucial role in supporting this transition.
Frequently Asked Questions
What is the estimated land requirement for EV infrastructure by 2030 in India?
India will require between 5,760 and 6,852 acres of land by 2030 to support EV manufacturing, battery plants, and public charging infrastructure.
What government initiatives are driving the growth of the EV market in India?
Government initiatives such as the Faster Adoption and Manufacturing of (Hybrid&) Electric Vehicles (FAME) and the Production-Linked Incentive (PLI) schemes are driving the growth of the EV market in India.
What is the projected lithium-ion battery manufacturing capacity in India by 2030?
India’s lithium-ion battery manufacturing capacity is projected to grow to between 147 GWh and 179 GWh by 2030.
How many public and semi-public EV charging stations will be needed in India by 2030?
An estimated 81,000 to 92,500 public and semi-public EV charging stations will be needed across India by 2030.
What is the total real estate investment required by 2030 for EV manufacturing facilities and charging stations?
The total real estate investment required by 2030 for EV manufacturing facilities and charging stations is estimated at USD 7.5 to 9.0 billion.
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