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First and foremost, the Indian government has made it clear that any individual is free (de-licenced) to set up an electric charging station throughout the country, provided the station meets the standards of the power ministry.
So, if you are planning to set up your own EV charging station, you just have to follow the minimum infra requirements and find the right vendor and the right location.
Understanding Types of Electric Vehicle Chargers
There are various types of EV chargers; Level 1 is the basic one with slow charging speed. The most popular is the Level 3 type charger, which uses DC current and has fast charging speed.
Step-by-step Guide for Setup of EV Charging Station in India
- Understanding the worthiness of investing in an EV charging station
- Government initiatives
- Costing for setup
- Charger cost
- Electricity & Software cost
- Infrastructure cost
- Manpower & Maintenance cost
- Advertising cost
- Infrastructure setup requirements
- Business Revenue Model
Is it Worth Investing in setting up EV Charging Station in India?
As per the infrastructure guidelines set by the government, it is compulsory to set an EV Charging station at every 3km in cities and 25kms on Highways on both sides. For long-range and heavy-duty vehicles, there should be a charging station at every 100kms on both sides of the road (mostly Highways). Also, India working on developing Delhi to Mumbai electric highway to boost industrial transport.
At present we are nowhere near the guidelines set (as there are almost negligible EV charging stations in India) and we can see there is a HUGE requirement of charging stations at the moment.
We can see the requirement is huge but is the demand really there? Well, the answer is YES (in metro cities like Bangalore, Delhi, Chennai, Hyderabad, Mumbai & Pune).
Indian Government initiative for Electric Vehicles
Government Initiatives
Under the implementation of FAME scheme Phase 2, Government of India is planning to install around 1000+ Electric Vehicle charging stations before 2023 and has already asked for bids from companies.
Various state governments are giving subsidies on EV Charging Station.
Cost of Setting EV Charging Station in India:
Cost of setting EV charging station in India varies from Rs. 1 Lakh to Rs. 40 Lakhs depending on the types of chargers and investment one is willing to make. However, considering a broader scenario and a supply of 250KVA EV Station below is the estimate.
| Charger Type | CCS – 60kW | CHAdeMO – 60kW | Type 2 AC – 7/22kW | Bharat DC-001 – GB/T | Bharat AC-001 |
| Approximate Cost | 12,50,000 | 12,50,000 | 1,00,000 | 2,40,000 | 60,000 |
- New Electricity Connection (250 KVA): 7,50,000 /-
- Civil Works: 2,50,000 /-
- EVSE Management Software + Integration: 40,000 /-
- Technicians, Manpower, Maintenance etc: 3,50,000 /- yearly
- Advertising and Promotion: 50,000 /-
- Land Lease (if the land is at lease): 6,00,000 /- yearly
Total Approximate: Rs. 40,00,000 /- (First year including setup and if the land is at lease)
Annual maintenance from the second year: Rs. 10,00,000 /- (Including land lease)
Nikol EV to setup 5000 chargers by 2025
Minimum Infrastructure Requirement for EV Charging Station
- A transformer with subsequent substation must be installed along with safety equipment
- For the purpose of metering/ termination, there should be a 33/11KV Cable with related equipment
- Appropriate Civil works should be there
- There should be adequate space for charging and Entry / Exit of Vehicles
- Necessary local certifications, if any required. (Varies state to state)
Understanding the Business (Revenue Model)
Revenue projections are something which we do not have control on. But we can assume a scenario and work out a feasible projection for the next 5 years.
If we take the above investment of Rs. 40 Lakhs, we get approximate of 500-1000 kWh per day EV power for consumption.
Considering Electricity Utilization of (for 360 days and a fixed margin of Rs. 10 per consumption).
- 600 kWh per day for 1st year: 600 x 360 x 10 = 21,60,000/-
- 600 kWh per day for 2nd year: 600 x 360 x 10 = 21,60,000/-
- 600 kWh per day for 3rd year: 600 x 360 x 10 = 21,60,000/-
- 800 kWh per day for 4th year: 800 x 360 x 10 = 28,80,000/-
- 1000 kWh per day for 5th year: 1000 x 360 x 10 = 36,00,000/-
Total Revenue for 5 years: Rs. 1,29,60,000 /-
EVSE software management FEE of 5% on margin: Rs. 5,94,000/-
Revenue for 5 years comes as Rs. 1,23,66,000 /- (Excluding the EVSE software management fee)
Note: Central government and various state governments are giving subsidies on EV charging stations.
Conclusion
Although there are only 2% EVs in India as compared to traditional vehicles, the sale of EVs are going upwards and the requirement for charging stations is rising daily.
If you have the investment capacity and are willing to become an entrepreneur with a broader vision, then the answer is YES. Now is the time to invest in Future, to invest in EV Charging Stations.
Interested in setting up your charging station business in India? Visit EV Business Opportunity.
I am interested to set up a new EV charging station in morigaon district of Assam.Please mail your requirement ,the area of land required to my email-kumudmedhi47@gmail.com.My mobile no is 9365150625 Kumud Chandra Medhi.
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Yes Sir ;
Am interested..
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Please help me with details regarding the startup.
ie.. Investments ; Terms & Conditions.
Thank you.
Please share your contact details on evduniya@gmail.com
I am interested in setting up a new EV charging station. How much land is required.
Please share your inquiry on evduniya@gmail.com
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Please share your inquiry on evduniya@gmail.com
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Will it be worth investing
Pl send requirements to set up one
pmathur8@gmail.com
8826235140
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Please send me full details
akhilesh.mankodi@yahoo.com
Mobile No. 97277244644
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Will it be worth investing
Pl send requirements to installation
Mob no 8669123190
Mail ID akashb387@gmail.com
Our colleague will connect with you
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Please share your contact details
I am interested..
Location –Ahmadnagar, Shendi ,Nagar Aurangabad road, Maharashtra.
Please help me with details regarding electric Power station
ie.. Investments ; Terms & Conditions.
Thank you.
Location –Ahmadnagar, Shendi ,Nagar Aurangabad road, Maharashtra.
Please help me with details regarding Tata electric Power station
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Please mail your requirement .my contact number 8449888118. Naveen kumar sharma
Interested to set up in chennai . Please share your contact details.
share your inquiry on evduniya@gmail.com
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Please give advise and guidence for the same.
Thanks
Please share your requirement on evduniya@gmail.com
Please share your requirement on Contact us
I am from Delhi and is interested to set up EV Charging station at Delhi on lease land. Advise me and cost implication in setting up of EV charging station/
Please share your requirement on evduniya@gmail.com
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Want details about the ev charging station
Space, cost , requirements & other formalities
please mention your query on Contact us
yes i am intereste
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Please give advise and guidence for the same.
Thanks
I will start this project by 2022 February.
Location: Bangalore, near Kempegowda International Airport.
Please do mail the details.
9535731177
I Want To Set Up A Electric Vehical Charging Station Near
New Delhi NCR Kindly Suggest Me And Give Full Detail About It
we are also interested ..Krishwave Engineering Solutions India Pvt Ltd..
all other things is easy to manage as one friend is Transformer manufacturer .. and we are SIEMENS partner..
how to get land lease ..
please guide…
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Sir / Madam
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I am interested. Near Nayagarh odisha
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Waiting your favorable Reply. Sunil