India's EV Ecosystem to Require Over 6000 Acres of Land by 2030

According to a recent report by Savills India, titled 'Charged for Change: How EVs Are Reshaping Indian Real Estate,' India will need between 5,760 and 6,852 acres of land by 2030 to support the electric vehicle (EV) ecosystem. This includes land for EV manufacturing facilities, lithium-ion battery production, and public charging infrastructure. The report was released on World Environment Day to highlight the transformative impact of EVs on the real estate sector.

The report forecasts a land requirement of 2,009 to 2,467 acres for EV manufacturing facilities, which would correspond to a built-up area of 43.8 to 53.7 million square feet and require investments of USD 2.8 to 3.5 billion. This projection is based on EV sales estimates of 25.3 to 31.8 million units by 2030.

To meet the growing demand for EVs, India will need 81,000 to 92,500 public and semi-public charging stations. This will require 2,402 to 2,744 acres of land and a built-up area of 52.3 to 59.8 million square feet, with investments ranging from USD 2.8 to 3.2 billion. The report emphasizes the need for charging points in offices, malls, transit hubs, and public parking zones, particularly for two-wheelers.

India’s lithium-ion battery capacity, currently at 4 GWh (as of 2023), is expected to increase to 147–179 GWh by 2030. To meet this demand, 1,348 to 1,641 acres of land will be needed, with 29.3 to 35.7 million square feet of built-up area and investments ranging from USD 1.9 to 2.3 billion. The report notes that India aims to localize 13% of its EV battery cell demand by 2030, reducing dependence on imports from China, South Korea, and Japan.

Combining all three segments—EV manufacturing, battery production, and charging stations—India’s total land requirement will reach 5,760 to 6,852 acres by 2030. This equates to a built-up potential of 125 to 149 million square feet, requiring annual construction of 21 to 25 million square feet and a total real estate investment of USD 7.5 to 9.0 billion.

Srinivas N, Managing Director of Industrial & Logistics at Savills India, stated that the real estate sector will see considerable growth due to rising EV adoption. He added that demand will increase for manufacturing facilities, component storage units, and strategically located logistics parks, supported by government policies that encourage innovation, investment, and infrastructure expansion.

Savills India operates as a part of Savills Plc, a global real estate advisory firm headquartered in London. The company offers a wide range of services, including leasing, project management, valuations, and consulting across multiple asset classes in India.