India Will Require Over 6,000 Acres of Land for EV Ecosystem by 2030: Savills India Report

Property consulting firm Savills India has projected that India will need between 5,760 and 6,852 acres of land by 2030 to support electric vehicle manufacturing, lithium-ion battery production, and public charging infrastructure. The real estate advisory firm released its report, Charged for Change: How EVs Are Reshaping Indian Real Estate, on World Environment Day.

According to the report, achieving 30% EV penetration by 2030 will require investments ranging from USD 7.5 billion to USD 9.0 billion, mainly for land acquisition and development of facilities. The rising demand for EVs, driven by supportive government policies, environmental concerns, and increasing fuel prices, is expected to transform the industrial and logistics real estate landscape in India.

Based on EV sales estimates of 25.3 to 31.8 million units by 2030, the report forecasts a land requirement of 2,009 to 2,467 acres for EV manufacturing facilities. This would correspond to a built-up area of 43.8 to 53.7 million sq. ft. and investments of USD 2.8 to 3.5 billion.

To support the projected growth in EV usage, India will need 81,000 to 92,500 public and semi-public charging stations. This would require 2,402 to 2,744 acres of land and a built-up area of 52.3 to 59.8 million sq. ft., with investments of USD 2.8 to 3.2 billion. The report also highlights the need for charging points in offices, malls, transit hubs, and public parking zones, particularly for two-wheelers.

India’s lithium-ion battery capacity, currently at 4 GWh (as of 2023), is expected to increase to 147–179 GWh by 2030. To meet this demand, 1,348 to 1,641 acres of land will be needed, with 29.3 to 35.7 million sq. ft. of built-up area and investments ranging from USD 1.9 to 2.3 billion.

The report notes that India aims to localize 13% of its EV battery cell demand by 2030, thereby reducing dependence on imports from China, South Korea, and Japan.

Combining all three segments—EV manufacturing, battery production, and charging stations—India’s total land requirement will reach 5,760 to 6,852 acres by 2030. This equates to a built-up potential of 125 to 149 million sq. ft., requiring annual construction of 21 to 25 million sq. ft. and total real estate investment of USD 7.5 to 9.0 billion.

Srinivas N, Managing Director, Industrial & Logistics, Savills India, said the real estate sector will see considerable growth due to rising EV adoption. He added that demand will increase for manufacturing facilities, component storage units, and strategically located logistics parks, underpinned by government policies supporting innovation, investment, and infrastructure expansion.

Savills India operates as a part of Savills Plc, a global real estate advisory firm headquartered in London, with services spanning leasing, project management, valuations, and consulting across multiple asset classes in India.