In this regard, the central government, while favoring the electrification of petrol pumps, has removed some barriers for those who want to set up charging stations and, as a result, create jobs, while helping to close the infrastructure gap.
So if you are planning to set up your own charging station for electric cars, you must comply with the minimum infrastructure requirements and find the right dealer and location.
Types of charging stations for electric vehicles
| AC charging | DC charging |
|---|---|
| Low cost and easy installation | Speed of charging is almost 6-7 times faster |
| AC chargers take lower power like 3.3 kW and 7.4 kW per charger | Better suited for faster revenue generation and more cars can be charged with fewer charging points |
| You can charge more vehicles with lesser sanctioned loads | Disadvantage of fast DC chargers: DC chargers take 15 KW and higher load. An apartment needs to have a much higher sanctioned load capacity to support more DC vehicle charging. |
Government guidelines for creating electric vehicle charging stations
The following guidelines have been issued by the Central Government of India regarding the installation of charging stations for electric vehicles in India:
- The Indian government has made it mandatory to build an electric station every three kilometers in the city, 25 kilometers on the highway and 100 km on the highway for trucks.
- The Government of India has made it license-free for any individual to set up an EV charging station in India following the guidelines of the Power Ministry of India.
How much does it cost to install a public electric vehicle charging station in India?
The estimated cost of installing a fast charging station is much higher than an A/C charging station.
The cost of electricity, civil works, labor, maintenance and charging equipment must be taken into account in the total capital investment, which according to Volttic EV Charging Solutions amounts to Rs 16.5 lakh for a charging station.
Costs are higher, with the highest rising to Rs 40 lakh. With land lease taxes included, this would also mean a 5-year running cost of Rs 31 lakh With 8 hours of use per day and a profit With a margin of Rs 3.5 per unit of electricity, an operator can recoup hardware costs in 7 years, according to the EV reporter. With 16 hours of use, the return on investment can be achieved in the fourth year.
| Charger type | Total Cost |
|---|---|
| Bharat AC-001 | Rs 85,000 |
| Bharat DC-001 | 2,50,000 |
| Type 2 AC | 1,45,000 |
| CHAdeMO | 1,90,000 |
| CCS | 16,00,000 |
8 potential benefits of electric vehicle charging stations for business
- Attract and Retain High-Quality Employees
- Put your business on the map
- Get tax benefits
- Offer something your competitors aren’t
- Increase the number of contacts with customers
- Take control of your electricity consumption
- Monitor EV charging events remotely
- Support your brand values and CSR commitments
To set up and install the electric vehicle charging station, these points must be understood in advance – Step by step guide
Step 1: Work with your supplier to complete the installation
Installation is relatively simple and only takes 1 or 2 months to complete. Identify the appropriate vendor with sufficient experience and complete the installation.
The cost of the installation completely depends on the following factors:
- No. of charge points
- Type of charger
- Length of the cable
- Additional transformer yard requirement (if necessary)
Step 2: Find out how many charging points and what kind of charging points you need
- Take an online survey or other means to figure out how many people would need and what kind of charging points are needed. Example: 10 bicycle charging points and 5 car charging points.
- Next, identify if you need fast DC charging points or slow AC charging points.
- Decide whether or not you want to allow external people to use the charging stations (for commercial purposes)
Understanding the Business (Revenue Model)
Sales projections are something we have no control over. But we can consider the scenario and make a possible projection for the next 5 years.
Considering the excessive investment of Rs. 40 Lakhs, we get an estimated 500-1000 kWh per day of EV electricity for consumption.
Electricity consumption (360 days and a fixed margin of Rs 10 per consumption) is considered.
- 600 kWh per day in the first year: 600x360x10 = 21.60 000 / –
- 600 kWh per day in the 2nd year: 600x360x10 = 21.60 000 / –
- 600 kWh per day in the 3rd year: 600x360x10 = 21.60 000 / –
- 800 kWh per day in the fourth year: 800x360x10 = 28.80 000 / –
- 1000 kWh per day for the 5th year: 1000x360x10 = 36 00 000 / –
Total income for 5 years: Rs. 1 29 60 000 / –
FEE for EVSE software management at 5% margin: Rs. 5 94 000 / –
Income for 5 years comes as Rs. 1,23,66,000 / – (without annual maintenance)
