India will need a capital expenditure of Rs 16,000 crore by 2030 to meet the public electric vehicle (EV) charging demand and achieve the goal of over 30% electrification, according to a report by FICCI. The FICCI EV Public Charging Infrastructure Roadmap 2030 released on Monday stresses the importance of maximizing the utilization of charging stations to ensure profitability and scalability. The report recommends prioritizing the top 40 cities for expanding public charging infrastructure, anticipating higher EV adoption in these cities within the next 3-5 years, driven by current trends and favorable state policies. To meet the goal of 30-40% electrification by 2030, the report suggests that India needs to align demand and supply-side enablers. The growth of EVs in India is influenced by five key factors: economics, battery advancements, regulations, consumer demand, and charging infrastructure. Government initiatives such as the PM E-DRIVE scheme offer substantial incentives to promote EV adoption. Following the expiration of the FAME II scheme, this new scheme offers incentives for E2W, E3W, and E-buses. Additionally, GST rates on EVs are set at 5%, compared to 28-50% for traditional vehicles. The FICCI report also calls for GST standardization on EV charging services to align with the tax rates across the EV value chain.