Want to start an EV Charging Stations Business in India but do not know where to start, or how to start? This article is for you. In this article, you are going to learn about types of EV Charging Stations, Government Guidelines, Infrastructural requirements, Set up costs, and profit margin.

How to start EV charging stations business in India?

EV Charging Stations Business

While I was in school, I used to read in the newspaper and heard from my seniors that in the future vehicles would run on electricity. These days we are witnessing vehicles that are running on electricity instead of fuel. Even in India, there is a huge increment in the sales of Electric vehicles this year. And in the upcoming years, there will be increment undoubtedly.

With Electric vehicles, there is a limitation. And the limitation is electric vehicles whether it's a car buses or trucks or bikes once it is recharged, it will run to a certain distance only. E.g. Car once recharged can run up to 90 Kilometre and then the battery in the car is going to run out of charge. Similarly Bus, once fully recharged can run up to 50 kilometers, and then the batter is out of charge. And so bike and truck also. 

So because of this limitation, electric vehicle drivers need to drive the vehicle accordingly and must have to return home for electricity recharge.

The point here is electric vehicles need electricity re-charge like mobile phones and laptops. This means, these vehicles also need electricity recharge points like fuel refill stations.

Therefore EV Charging Stations Business comes into existence to fulfill this need. The way demand for electric vehicles is increasing, there is no doubt the EV charging stations business is going to be the most profitable business for sure.

If you want to start your EV charging stations business then you need to understand a few basics.

EV Charger Types

Broadly, three kinds of electric chargers exist.

1. Level One Charging

Such chargers are easily pluggable at the AC point in a house and can charge electric vehicles over the night (12 hours).

2. Level Two Charging

Such chargers are placed inside the garage and can be plugged into an AC plug point. It takes 4 hours to charge electric vehicles. 

3. Level Three Charging

Such chargers can charge electric vehicles in less than 20 to 30 minutes. This charger can not be placed inside the house or garage. Only public stations can have such chargers.

Government Guidelines for Setting EV Charging Stations

The government has issued guidelines for setup EV Charging stations. The government is allowing the setting of EV Charging Stations every 3 Kms in the city, 25 KM on the highway, and 100 Km on the highways.

EV Charging Station Setup

If you have no idea about EV charging stations, then picture a fuel refill station, and in the place of a fuel pouring machine imagine an electric charging point.  

You must have to set up a level three charging point (Which can recharge electric vehicles fully in less period (15 - 30 minutes)). For this, you need 11 Kilovolt or 33 Kilovolt of electricity supply to your station. Substation equipment will also be needed.

Sufficient land space where vehicles from cars to trucks can be parked to recharge their battery. Do consider easy entry and exit of cars, buses, or trucks.

Implement all the required safety measures at the station.

Costs for Setting Up EV Charging Stations

Facilities, equipment, and land are needed for the charging station. Below is a breakdown of the cost break-up for the same.

RequirementCost
Land Lease at INR 50,000 per monthRs. 6,00,000
Electricity connection, transformers, and energy metersRs. 7,50,000
Civil WorksRs. 2,50,000
Maintenance and Technical teamRs. 3,00,000
Brand promotion and MarketingRs. 50,000
TotalRs. 19,50,000

Source: Lendingkart