Nissan to Launch Bi-Directional EV Charging Technology by 2026
Nissan’s strategic business plan, The Arc, focuses on introducing an affordable bi-directional electric vehicle charging technology by 2026 for electric cars, and it aims to develop advanced revenue streams that will drive innovative technologies and expand the shift toward electric vehicles. Nissan’s Ambition 2030 is a long-term strategy aiming to revolutionize the world safer, cleaner, and transformative. Electric vehicle owners can utilize the electricity stored in their car batteries or sell it back to the grid using vehicle-to-grid technology and bi-directional charging. This technology enables electric vehicles to store renewable energy like wind or solar energy, which is considered a crucial effort to reduce dependence on fossil fuels.
Electric Vehicle Charging Station Market Size
According to the Precedence Research Report, the global electric vehicle charging station market size was estimated at USD 44.52 billion in 2024 and is predicted to achieve around USD 344.61 billion by 2032. The EV charging station industry is poised to grow at a remarkable CAGR of 29.1% between 2024 and 2032.
In India, the number of public charging stations increased from 1800 to 16,347 within just 2 years, from February 2022 to March 2024, and India has experienced a rapid expansion in the charging infrastructure. About 2.65 million electric vehicles were sold during this period. Public charging stations rose, accounting for 10,261 in September 2023 and 16,347 by March 2024. Moreover, 52 to 81 entities have increased investments to deploy these charging stations during this period. The DC chargers rose by 1.4 times, and the AC chargers exhibited a 1.6-fold increase. There were 11,384 AC chargers by March 2024, which is responsible for remarkably expanding electric vehicle charging stations. Tesla, BYD Auto, and Volkswagen Group are some of the leaders in the electric vehicle market.
India Electric Vehicle Market Size
The India electric vehicle market size was USD 6.87 billion in 2023 and is anticipated to reach around USD 1,053.10 billion by 2034, registering a CAGR of 57.3% from 2024 to 2034.
Karnataka surpassed Maharashtra by being the leading state in the deployment of charging infrastructure, and currently, Karnataka presents a total of 5130 public charging stations. Approximately 140 public charging stations are present in the North-Eastern area, and public sector entities like Indian Oil and Bharat Petroleum operate 115 of them. About 40% of electric vehicle sales increased in the first half of 2023 than in the previous year.
About 35 to 40% of new car sales will be constituted by electric vehicles by 2030. This surge in the adoption rate relies on innovations in charging infrastructure, battery technology, and smart grids. In India, Tata Motors is the leading player, with 86% of the market share from its Tigor and Nexon electric vehicle models. MG Motor’s MG ZS EV and Hyundai’s Kona are the other popular models. The top industrial players in the electric two-wheeler market are Ather Energy, AIMA Technology, Hero Electric, Yadea Group Holdings, and Jiangsu Xinri.
Top 11 Charging Point Operators with over 200 Active Public Charging Stations
| Sr. No. | Name of the Charge Point Operator | Power Type:
AC Charger |
Power Type:
DC Charger |
| Number of Public Charging Stations | |||
| 1. | Ujoy Technology Private Limited | 5,456 | 646 |
| 2. | Indian Oil e-Charge Station | 1,787 | – |
| 3. | Tata Power | 539 | 1,028 |
| 4. | Convergence Energy Services Limited | 406 | 799 |
| 5. | Ather Energy Private Limited | – | 1,073 |
| 6. | Hindustan Petroleum Corporation Limited | 868 | – |
| 7. | Kerala State Electricity Board | 522 | – |
| 8. | Kazam | 452 | – |
| 9. | Reliance BP Mobility Limited | 337 | – |
| 10. | Bharat Petroleum Corporation Limited | – | – |
| 11. | Sharify Services Private Limited | – | – |
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Aditi, a powerhouse in the world of market research with over 14 years of experience, driving insightful narratives for the rapidly evolving electric vehicle (EV) industry. With a sharp eye for detail and an innate ability to decode trends across multiple sectors, Aditi is more than just an expert—she's a trendsetter. Her special interest in the ICT and automotive industries, combined with cross-domain expertise, allows her to approach EV news from a fresh, multifaceted perspective.
Aditi’s writing doesn’t just inform, it engages. She brings the technical world of EVs to life with clarity and vision, making complex trends digestible for professionals and curious readers alike. Her years of market research mean she’s always one step ahead, identifying the hidden shifts that shape the future of mobility. Whether it's the latest technological breakthroughs in battery innovation, or the impact of ICT developments on the automotive supply chain, Aditi ensures her readers are never in the dark.
