On World Environment Day, Savills India- A major global real estate advisory firm- “Charge for Change: How EVS is re-shaping Indian real estate.” The report states that India will need 5,760 and 6,852 acres of land by 2030 to accommodate EV manufacturing units, lithium-ion battery plants and public charging infrastructure.
Savills India, government policies, rising fuel costs, environmental concerns and cleaner mobility solutions notes the rapid development of the EV market operated by the increasing consumer demand. Several initiatives by the Government of India are strengthening EV adoption and accessory infrastructure across the country.
Domestic manufacturing with the entry of major players, increasing import dependence and improving cost competition. Technological progress in battery efficiency, driving range and charging capabilities is rapidly making EVS practical. Additionally, the availability of a skilled workforce is promoting R&D and domestic manufacturing, promoting and promoting a strong ecosystem for continuous EV growth in India.
“Aligning with India’s target of achieving 30% EV entry by 2030, the real estate sector is expected to experience significant growth inspired by an increase in EV adoption. EVS will stimulate the need for many real estate segments, including EVs, including EV and Battery Manufacturing, Industrial and Warehousing vacancies for the distribution of EV assemblies and batteries.
Demand for EV sales forecast and real estate for manufacturing in India by 2030
According to estimates from the Ministry of Road Transport and Highways (MORTH), NITI Aayog and Rocky have been aligned with estimates from the Mountain Institute (RMI), cumulative EV sales in India are expected to reach between 25.3 and 31.8 million units by 2030. It translates an annual average construction requirement of 4.2 to 5.3 million units.
To meet this demand that Savills India Reseanchions Process, India will require 2,009 to 2,467 acres of land dedicated to EV manufacturing facilities, which has an inherent capacity of 43.8 to 53.7 million sq ft.
EV manufacturing land, manufactured area and investment estimates by 2030:
Landscape demand (MN units) annual capacity (MN unit) land required (acre) BUA capacity (MN SQ. Ft.) Re Investment (USD BN) Medium Adoption 25.34.22,00943.82.8HIGH Datak Datak Datak Eclipse 31.32,46753.73.5.5.5
Note: RE investment refers to real estate costs, including land acquisition and convenience construction for EV manufacturing.
Demand for real estate for public charging infrastructure in India by 2030
To support the anticipated bounce in EV adoption, India research projects require 81,000 to 92,500 public and semi-public charging stations across the country by 2030, which maintains an optimal 1:20 station-to vehicle ratio. The development of this infrastructure will require about 2,402 to 2,744 acres of land, with an inherent capacity of 52.3 to 59.8 million square feet and real estate investment ranges from 2.8 to US $ 2.8 to US $ 2.8.
Additional charging infrastructure will also be required for electric two-wheelers, especially in office complex, shopping malls, transit hubs and public parking areas.
Public charging infrastructure-land, manufactured area and investment estimates by 2030:
Requirement of landscapeing stations (acre) Bua capacity (mn sq. Ft.) Re Investment (USD BN) Medium Adoption 81,0002,40252.32.8hIGH Datta Datak Eclipse 92,5002,74459.83.2
Note: RE investment refers to costs for land acquisition and construction of public charging facilities.
Demand for Lee-ion battery by 2030 and required real estate
To reduce importance on imports from countries such as China, South Korea and Japan, India aims to produce 13% of its EV battery cell by 2030. According to Civils India Research, the country’s lithium-ion battery manufacturing capacity-4 GWH (as 2023)-It is estimated to increase by 2030, reaching by 2030.
This expansion will require 1,348 to 1,641 acres of land, an inherent capacity of 29.3 to 35.7 million square feet and real estate investment, which is USD 1.9 to 2.3 billion USD.
Lee-ion battery manufacturing land, BUA and investment needs by 2030:
Demand for landscape (GWH) Annual Capacity (GWH) Land requirement (acre) BUA capacity (mn sq. Ft.) Re Investment (USD BN) Medium Adoption 14724.51,34829.31.9high Datta Dattak Eclipse 17929.81,64135.72.32.32.3
Note: RE investment refers to land acquisition and construction costs for lithium-ion battery production facilities.
Total real estate opportunity for EV ecosystems by 2030
Savills India projects the demand for important real estate operated by the EV region – including small plots for charging infrastructure in land and urban areas for battery and component manufacturing. By 2030, India requires between 5,760 and 6,852 acres of land, which has a built -in capacity of 125 to 149 million square feet. It translates into an annual development of 21 to 25 million square feet.
The required total immovable property investment is estimated between USD 7.5 and 9.0 billion, which has been covered for land acquisition and convenience for EV manufacturing, lithium-ion battery plants and charging stations.
Overall Real Estate Outlook by 2030:
Landscape requirement (acre) Bua capacity (mn sq. Ft.) Re Investment (USD BN) Medium Adoption 5,7601257.5hIGH Datak Datak Datak 6,8521499.0
Note: RE investment covers both land and infrastructure development in the EV price chain.
