India Will Need 6,000 Acres for EV Manufacturing, Battery Plants, Charging Infrastructure by 2030: Savills India

Bengaluru, June 5, 2025: To mark World Environment Day, Savills India released a comprehensive report titled ‘Charged for Change: How EVs Are Reshaping Indian Real Estate’, highlighting that India will require 5,760-6,852 acres by 2030 to support EV manufacturing, lithium-ion battery plants and public charging infrastructure.

According to Savills India, the EV market has witnessed significant growth in recent years driven by market forces, government policies, rising environmental concerns and increasing fuel costs—factors encouraging individuals and businesses to adopt cleaner alternatives.

The government has launched several initiatives to accelerate EV adoption and strengthen the supporting ecosystem.
 
Rising domestic manufacturing, with the entry of key players, is reducing import dependency and improving cost competitiveness. Technological advancement in battery efficiency, driving range and charging capabilities are making EVs increasingly practical. Additionally, the availability of a skilled workforce is fuelling R&D and domestic manufacturing, further boosting demand and fostering a robust ecosystem for sustained EV growth.

“Aligning with India’s target of achieving 30 per cent EV penetration by 2030, the real estate sector is expected to experience significant growth driven by the rise in EV adoption,” said Srinivas N, MD, Industrial and Logistics, Savilla India.
 
“The growing demand for EVs will stimulate the need for multiple real estate segments, including industrial and warehousing spaces to support EV and battery manufacturing, EV assembly units and the storage and distribution of EV components and batteries.”

He added, “Additionally, the expansion of supply chains will increase the demand for strategically located warehouses and logistics parks. The government’s role with several policies and various initiatives collectively aims to establish a robust EV ecosystem in the country by fostering innovation, investment and infrastructure development while addressing climate change and energy security concerns.” 

EVs Sales Forecast and Real Estate Opportunity in EV Manufacturing

The Ministry of Road Transport and Highways, in line with projections by NITI Aayog and the Rocky Mountain Institute, estimates cumulative EV sales to reach 25.3-31.8 million units by 2030—an annual average of 4.2 -5.3 million units.

According to Savills India Research, this will drive land requirement of 2,009-2,467 acres for manufacturing facilities with a built-up potential of 43.8-53.7 mn sq ft.

Note: RE investment refers to investment in land and the construction of facilities required for the manufacturing of EVs.

Need for Public Charging Infrastructure and Real Estate Opportunity

To accommodate this substantial increase in EV adoption, Savills India Research estimates that India will need 81,000-92,500 public and semi-public charging stations and maintaining a 1:20 station-to-vehicle ratio. This translates to a total land requirement of 2,402-2,744 acres with a built-up potential of 52.3-59.8 mn sq ft requiring an investment of $2.8-$3.2 billion.

Significant infrastructure will also be needed for electric two-wheeler charging across office complexes, malls, transit hubs and public parking areas.  

Note: RE investments refer to investment in land and the construction of public charging stations.

Li-Ion Battery Demand Forecasts and Real Estate Opportunity

India aims to produce 13 per cent of its EV battery cell demand domestically by 2030, reducing reliance on imports from countries like China, South Korea and Japan.

Lithium-ion battery manufacturing capacity, currently at 4 GWh (as of 2023) is projected to rise to between 147 GWh and 179 GWh by 2030, according to Savills India Research. This will require a total land requirement of 1,348-1,641 acres with a built-up potential of 29.3-35.7 mn sq ft and an investment of $1.9-$2.3 billion for land and construction.

Note: RE investment refers to investment in land and the construction of facilities required for the manufacturing of lithium-ion batteries.

Overall Real Estate Opportunity by 2030

Savills India anticipates strong demand for large land parcels for EV battery and component manufacturing and smaller plots for charging stations across cities.

By 2030, India will need approximately 5,760-6,852 acres with a built-up potential of 125-149 mn sq ft, translating to 21-25 mn sq ft annually. This will require a real estate investment of $7.5-$9.0 billion mainly for land and facility development.

Note: RE investment refers to investment in land and the construction of facilities required for the manufacturing of EVs and lithium-ion batteries and for the setting up of public charging stations.