The Climate Pledge launched a network of electric vehicle charging stations in Bengaluru
Climate Pledge’s new project called Joint Operation Unifying Last-mile Electrification deploys a shared network of EV charging stations in Bengaluru in a major push to advance EVs in India. In collaboration with renewable energy, this USD 2.65 million program is designed for more than 5,500 electric vehicles by 2030 and addresses barriers to corporate electric vehicle fleet adoption in India’s technology hub.
Electric Vehicle Charging Station Market Size
According to Precedence Research’s Report on the global electric vehicle charging station market size is worth around USD 44.52 billion in 2024, grew to USD 57.34 billion in 2025 and is projected to cross USD 344.61 billion by 2032. The market is predicted to grow at a double-digit CAGR of 29.1% from 2023 to 2032.
According to the International Energy Agency (IEA), China currently has one of the largest shares of fast chargers relative to total public charging infrastructure, at approximately 45%. Based on both STEPS and APS, the stock of public fast chargers will be about 7.5 million units by 2035, almost six-fold of current 2023 levels. The number of slow chargers stands at 8.2 million in 2035 in the APS according to the analysis.
BIL Programs for Electric Vehicles and EV Chargers for State Involvement
| Program | Funding Amount | Administering Agency | Purpose |
| National Electric Vehicle Infrastructure (NEVI) Formula Program | $5 billion | U.S. Department of Transportation (DOT) Federal Highway Administration (FHWA) | Its goal of build a national network of EV chargers. |
| Alternative Fuel Corridor Grants | $1.25 billion | FHWA | It aims to organize publicly accessible EV charging infrastructure. |
| Electric Drive Battery Recycling and Second-Life Applications | $200 million | DOE’s Office of Energy Efficiency and Renewable Energy (EERE) | Funding is used for research, development, and demonstration of EV battery recycling and second-life applications for vehicle batteries. |
| Community Alternative Fuel Infrastructure Grants | $1.25 billion | Federal Highway Administration | The program provides funding from FY 2022 through 2026 to install EV charging and alternative fuel in locations on public roads, schools, parks, and publicly accessible parking facilities. |
“The recent report done by Precedence Research reveals that, Asia Pacific dominated the electric vehicle charging station market. As International Energy Agency (IEA) in 2020, reported that China owns a total of 52% of slow chargers and 82% of fast chargers globally”
According to the IEA report, In the Announced Pledges Scenario (APS) and the Stated Policies Scenario (STEPS), the number of public charging points will reach 15 million by 2030, from around 4 million in 2023. By 2035, it will extend to nearly 25 million over the APS, a sixfold increase compared to 2023.
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