Indian EVC ( EV charging ) chaos and valuation gamble

My analysis

1- EV is the future and Chinese will rule the world except for USA and EU ( similar to iPhone and android phones distribution)

2- EV cars in india will be at 8–10 % of the car market by 2030 ;

Limited only to 6–7 cities – 4 Metros + Bangalore +Hyderabad + Pune + Surat + Ahmedabad

3- Hence we should scale down our EVC ( EV Charging) market size form whole of india to 10 cities

4- Till we have one charge which can sustain more than 300 kms it won’t have mass adoption in India

5- Indians buy one car for all purpose-

(No Coupe when dating , BMW when just married , family van when have. kids , sports car for golf ) – in india one car does all these

6- Major constrain of EVC network – prime location land ( like existing petrol bunks or gas stations )

7- Investment and technology tie up with one major Chinese battery player ( like Tim Cook of Apple , Elon Musk is only looking at India and seeing Dharavi slums ) . So Indian EVC player have to go for Chinese technology tie up

Musk is not interested in Indian market for EV. His products are too pricey for Indian market.

8- No regulatory framework yet . So any moment new law can come up and all plan will go awry

Example – if EVC are treated as Commercial entity , they can’t be in apartments complex ( housing societies)

Don’t know what kind of licensing required

9- India will not allow EVC getting power from BESCOM like state managed power entities.

I mean the input power to charge the battery has to be solar or CNG based ( definitely not coal , petroleum or hydro power)

10 – Profitability- requires scale to achieve profitability like minimum 200 or 300 EVC stations to break even.

Time to break even- at least 8 years