On World Environment Day, Savills India—a leading global real estate advisory firm—released a detailed report titled “Charged for Change: How EVs Are Reshaping Indian Real Estate.” The report highlights that India will need between 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 notes the rapid growth of the EV market, driven by government policies, rising fuel costs, environmental concerns, and growing consumer demand for cleaner mobility solutions. Several initiatives by the Government of India are further accelerating EV adoption and strengthening the supporting infrastructure nationwide.
Rising domestic manufacturing, with the entry of key players, is reducing import dependency and improving cost competitiveness. Technological advancements in battery efficiency, driving range, and charging capabilities are making EVs increasingly practical. Additionally, the availability of a skilled workforce is fueling R&D and domestic manufacturing, further boosting demand and fostering a robust ecosystem for sustained EV growth in India.
“Aligning with India’s target of achieving 30% EV penetration by 2030, the real estate sector is expected to experience significant growth driven by the rise in EV adoption. 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. 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.”- Srinivas N, Managing Director, Industrial & logistics, Savilla India.
EV Sales Forecast and Real Estate Demand for Manufacturing in India by 2030
According to estimates by the Ministry of Road Transport and Highways (MoRTH), aligned with projections from NITI Aayog and the Rocky Mountain Institute (RMI), cumulative EV sales in India are expected to reach between 25.3 and 31.8 million units by 2030. This translates to an annual average manufacturing requirement of 4.2 to 5.3 million units.
Savills India Research projects that to meet this demand, India will need 2,009 to 2,467 acres of land dedicated to EV manufacturing facilities, with a built-up potential of 43.8 to 53.7 million sq. ft.
EV Manufacturing – Land, Built-Up Area, and Investment Projections by 2030:
| Scenario | EV Demand (Mn Units) | Annual Capacity (Mn Units) | Land Required (Acres) | BUA Potential (Mn Sq. Ft.) | RE Investment (USD Bn) |
| Medium Adoption | 25.3 | 4.2 | 2,009 | 43.8 | 2.8 |
| High Adoption | 31.8 | 5.3 | 2,467 | 53.7 | 3.5 |
Note: RE investment refers to real estate costs, including land acquisition and facility construction for EV manufacturing.
Real Estate Demand for Public Charging Infrastructure in India by 2030
To support the anticipated surge in EV adoption, Savills India Research projects the need for 81,000 to 92,500 public and semi-public charging stations across the country by 2030, maintaining an optimal 1:20 station-to-vehicle ratio. This infrastructure development will require approximately 2,402 to 2,744 acres of land, with a built-up potential of 52.3 to 59.8 million sq. ft., and real estate investments ranging from USD 2.8 to 3.2 billion.
Additional charging infrastructure will also be essential for electric two-wheelers, especially at office complexes, shopping malls, transit hubs, and public parking areas.
Public Charging Infrastructure – Land, Built-Up Area, and Investment Projections by 2030:
| Scenario | Charging Stations Needed | Land Required (Acres) | BUA Potential (Mn Sq. Ft.) | RE Investment (USD Bn) |
| Medium Adoption | 81,000 | 2,402 | 52.3 | 2.8 |
| High Adoption | 92,500 | 2,744 | 59.8 | 3.2 |
Note: RE investments refer to costs for land acquisition and construction of public charging facilities.
Li-Ion Battery Demand and Real Estate Requirement by 2030
To reduce dependence on imports from countries like China, South Korea, and Japan, India aims to domestically produce 13% of its EV battery cell demand by 2030. As per Savills India Research, the country’s lithium-ion battery manufacturing capacity—currently at 4 GWh (as of 2023)—is projected to grow significantly, reaching between 147 GWh and 179 GWh by 2030.
This expansion will require 1,348 to 1,641 acres of land, a built-up potential of 29.3 to 35.7 million sq. ft., and real estate investments worth USD 1.9 to 2.3 billion.
Li-Ion Battery Manufacturing – Land, BUA, and Investment Needs by 2030:
| Scenario | Battery Demand (GWh) | Annual Capacity (GWh) | Land Required (Acres) | BUA Potential (Mn Sq. Ft.) | RE Investment (USD Bn) |
| Medium Adoption | 147 | 24.5 | 1,348 | 29.3 | 1.9 |
| High Adoption | 179 | 29.8 | 1,641 | 35.7 | 2.3 |
Note: RE investments refer to land acquisition and construction costs for lithium-ion battery production facilities.
Total Real Estate Opportunity for EV Ecosystem by 2030
Savills India projects significant real estate demand driven by the EV sector—including land for battery and component manufacturing and smaller plots for charging infrastructure in urban areas. By 2030, India is expected to require between 5,760 and 6,852 acres of land, with a built-up potential of 125 to 149 million sq. ft. This translates to an annual development of 21 to 25 million sq. ft.
The total real estate investment needed is estimated between USD 7.5 and 9.0 billion, covering land acquisition and facility construction for EV manufacturing, lithium-ion battery plants, and charging stations.
Overall Real Estate Outlook by 2030:
| Scenario | Land Requirement (Acres) | BUA Potential (Mn Sq. Ft.) | RE Investment (USD Bn) |
| Medium Adoption | 5,760 | 125 | 7.5 |
| High Adoption | 6,852 | 149 | 9.0 |
Note: RE investments cover both land and infrastructure development across the EV value chain.
