New Delhi, July 17 -- India's electric vehicle (EV) charging infrastructure is growing rapidly, with the number of public EV charging stations registering a five-fold increase from FY22 to early FY25, according to a report by CareEdge Ratings.

The report stated that public EV charging stations (EVPCS) have grown significantly from just 5,151 in CY22 to 11,903 in CY23, and further to 25,202 by the end of FY24, reaching 26,367 in early FY25.

This marks a compound annual growth rate (CAGR) of about 72 per cent over the three-year period from FY22 to FY25.

It stated, "Charging infrastructure is scaling rapidly, with public EV stations growing over 5x from FY22 to early FY25."

The report stated the rapid growth has been led by strong initi...