India’s electric vehicle (EV) drive is fast emerging as a transformative force for the country’s industrial and real estate landscapes. A new industry analysis reveals that the rising demand for EVs, bolstered by national sustainability goals and proactive policy support, is set to generate a real estate requirement of nearly 6,900 acres and attract investments worth up to USD 9 billion by the year 2030.
The EV sector, once considered niche, has rapidly accelerated into mainstream relevance, with industrial and logistics real estate witnessing unprecedented demand. The surge, driven by the increasing need for lithium-ion battery plants, EV manufacturing hubs, and nationwide charging infrastructure, is forecast to fundamentally reshape how and where India builds its next generation of green infrastructure.According to the latest report by real estate consultancy Savills India, a high EV adoption scenario would require investments peaking at USD 9 billion, with a medium adoption trajectory still demanding at least USD 7.5 billion. This growth is not speculative—it is backed by a clear market shift and policy intent. With India aiming for 30 per cent EV penetration by 2030, the opportunity for land development, especially for industrial and warehousing purposes, has grown exponentially.
The projected land requirement ranges from 5,760 to 6,852 acres, primarily across strategic industrial zones. This expansion would cater not only to EV production and battery storage units but also to the evolving logistics demands associated with a decentralised and green supply chain model. Built-up areas are expected to cover over 50 million square feet, reflecting both the magnitude and urgency of infrastructure development needed.Industry experts argue that this development offers a win-win situation. For real estate developers, this is a chance to engage in long-term, sustainable projects that align with national priorities. For the country, it is a critical piece in the climate action puzzle—reducing fossil fuel dependency while boosting green employment and manufacturing self-reliance.
The momentum is further reinforced by cumulative EV sales estimates from the Ministry of Road Transport and Highways, which, in coordination with think tanks like NITI Aayog and the Rocky Mountain Institute, forecast sales of up to 31.8 million EVs by 2030. This will necessitate dedicated industrial zones and catalyse investment in clean-tech facilities.At the heart of this growth is the need to develop a robust and localised supply chain. Logistics parks, warehouses, and transport hubs located close to manufacturing clusters are no longer optional—they are foundational to achieving scale, efficiency, and carbon neutrality. Real estate developers are being urged to consider future-proof, climate-resilient designs that can meet the sustainability expectations of both regulators and eco-conscious investors.
Government initiatives—ranging from the Production Linked Incentive (PLI) scheme to dedicated EV corridors and charging infrastructure policies—have set the tone. However, experts caution that bottlenecks in land acquisition, clearances, and policy harmonisation across states could hamper this momentum unless addressed proactively.While the investment appetite is visible, the next five years will determine whether India’s cities and industrial belts can keep pace with the infrastructure demands of its electric mobility vision. What’s clear, however, is that the EV revolution is no longer confined to the showroom—it is breaking ground, literally, in India’s real estate sector.
As India marches towards becoming a global EV hub, the integration of climate goals with economic development is no longer an ideal—it is becoming a commercial and urban reality. The choices made today in land planning, energy use, and logistics development will define not just the pace of EV adoption but also the sustainability of India’s cities in the decades to come.
Also Read : Delhi Launches India First E Waste Eco Park
