The inflationary tendencies of petroleum projects have been forcing the people to own electric vehicles. Even battery manufacturers have been producing heavy batters with more specifications. In this backdrop, the need for establishing EV charging stations has gained momentum. It has become a mandatory feature in the new realty projects. JLL has pointed out that villas and apartments offering this feature are likely to cost 2-5 per cent of the total cost of the project more. It predicted that the growth of electric vehicles segment would be over 40 per cent by 2030. As a result, the realty projects offering EV charging stations would enjoy good demand, pushing up their prices.
In this backdrop, establishing EV charging stations in the existing buildings would gain momentum from 2026. In fact, several residential associations of major realty projects have been establishing these stations with the help of service providers. They have been establishing this facility in their communities and charging prescribed fee from the residents. In fact, 5 per cent of the project area is being devoted to set up these charging stations. Several have been thinking in terms of providing the facility in offices as well as markets.
Delhi government has been acting with a lot of foresight in establishing the EV charge stations and simplified the rules for establishing the stations. It even adopted a single window mechanism to implement the policy. To enable establishing these stations in commercial and residential areas, a single-window mechanism has been put in place. Approvals for it can be obtained by approaching authorities through online or through phone calls. The general view among the people is that other states also should follow suit in adopting the mechanism.
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