Detailed Guide to Establish an EV Charging Station in India
Introduction to electric automobiles and bikes in India has invited new income opportunities. Opening an EV charging station in India is certainly a profitable deal and many individuals are seizing this striking opportunity noticing its demand. Thus, if you are looking for a complete guide to begin an EV charging station in the country, the article has all your answers. Read ahead to grab details and insights about this new exciting project.
Setting up an EV charging station could be a great move if you wish to open a new venture. With the introduction of electric vehicles, the surge for stations is growing immensely. Also, new EV stations are a must to fulfil the needs of multiple people purchasing these new innovative products. Just like petrol pumps and gas stations can never fail to seize. Similarly, EV charge stations are high-on demand and will certainly notice bright and successful business in future years.
What is an EV charging station for?
Before introducing the guide to learn how to establish these charging station let’s discover its purpose and need. Today, you must have witnessed several cars, bikes and other electric transports on the road. However, what is the charging source of these vehicles? Some prefer to charge their vehicles using AC ‘Slow’ Charging systems; however, this may not be possible always. Companies like Tata are offering home charging set-ups to make such vehicles simpler. However, not all firms have this facility, so the need for an EV station arises. Multiple charging stations are necessary for these vehicles to serve in emergencies and other needs.
What is the expense of establishing an EV charge station?
Setting up these charging stations is comparatively lower than you can imagine. The Indian government has also offered assistance where individuals do not require a license to open such stations. However, the station’s standards must meet that of the ‘Ministry of Power’. Otherwise, no individual license is necessary for establishing such charging stations.
So, the overall expense of setting EV charge stations comprises only a few costs like labour, material, equipment, electricity, advertisement, infrastructure, and maintenance. The minimum cost of setting up the EV station is 1,00,000 INR, and the maximum expense can go up to 45,00,000 INR. It entirely depends on the facilities and equipment you add to your charging station. Basic expenses comprise new electricity connection costs, technical staff, civil work, ads, maintenance, software and rental expenses, if any. Altogether, the expense is not high if you use the right methods and have a perfect plan.
For 1,00,000 INR you can add a basic substation transformer with a few charger types that could serve around 5-6 vehicles. Including multiple charging sets in this amount is certainly tough. The costing is quite basic and thus, can involve ordinary facilities only. However, in the 45,00,000 INR cost you can set-up a well-equipped charging station. Adding multiple charging facilities like DC Fast Chargers and Slow Charging is quite possible here. Also, you can serve multiple vehicles by offering a large parking space and varied charging points.
How to Establish an EV charging firm?
Today an EV charging station opportunity is one of the top-most business openings in India. Charging stations are very less in comparison to the electric cars that are available in the market. Certain state governments have also enabled the compulsion to install these stations in commercial places and other residential complexes. Also, they have demanded to reserve a particular per cent of the area for such vehicles.
As said, you do not necessitate a license or such legal formalities for starting the business. However, you must always verify and get permits to prevent future hurdles. Also, check on the minimum infrastructure area needed for setting up an EV Public Charging Station.
- Substation and a transformer
Transformers and substations are crucial parts of the EV charging station. They are liable for connecting the charger end to the voltage gird. Further, this machinery is also critical because it assures the suitable working of other elements and overall safety.
- Ample parking area
Parking is another vitality. Sufficient Parking area is a must to assist the EV vehicle users. It enables them to park their vehicles safely while they are charged. Also, the travellers can take a short break while the charging needs are met.
- Civil work
Civil requirements are necessary to fulfil all wiring needs. Again, this assists in maximizing safety. Installation is the chief process and one must complete it with efficient machinery for profitable outcomes.
- At least 5 ISO- certified machines and charger types
An EV station necessitates three types of chargers.
- Rapid Chargers
- Fast Chargers
- Slow Chargers
There power measurements vary and each of them have specific power provisions to charge a vehicle quickly. Offering charging facilities of all types is another profit for the EV station as it will attract more customers.
- At least some security machines
Safety is a must as these stations are prone to risk. Security ensures that you do not loose on valuable cash and get acquired outcomes.
- 33/11 KV cable with a necessary tool for termination and metering
Lastly, right cables ensure the work completes with precision. Use high-end and accurate cables to complete all metering needs.
- Efficient labour and technical staff
A good worker gives you capable outcomes. So, appointing efficient workers is necessary to complete your work in minimal time and perfection. Getting the finest labour for your station to get desired gains is highly profitable.
- Drinking water
Another necessity is water. Ensure you keep clean, hygienic water for visitors to consume. Good hospitality is a must for success.
Hygiene is another essential aspect. Giving visitors the finest assistance for an ideal break if needed is a must.
- Eatery Shop
Providing with a shop is also beneficial. Eatery shops are also vital if visitors feel hungry and wish to snack on their way.
Perks of Opening an EV Station
Starting this business is certainly a fine opportunity that one could seek for earning massive profits in the future. Though most of the Indian people still rely on the traditional industry of the country. The EV vehicle industry will be a huge preference of the coming generation. Further, electricity is available at concessional prices and the government is offering a subsidy for individuals willing to establish EV stations as well.
Next, the government has also issued guidelines wherein it is compulsory to set at least one EV charging station in a radius of 3 km for metro cities and 25 km in case of highways on either side. Also, these stations must be present at every 100kms for heavy vehicles. Sadly, today our infrastructure does not even have a per cent of the required stations. Thus, if you are a thoughtful entrepreneur, you must consider this opportunity.
If you do not wish to set up an electric station of your own, you can check for a franchise. Certain companies that offer valuable franchise options are:
- Tata Power
- Charge + Zone
- NDPI Electric India Pvt. Ltd
- EV Plug India
EV charging stations are certainly the country’s future and appealing business attractions. You can opt for one if you consider it a stunning opportunity. Electric motors are the future of India and will certainly capture the market in no time.