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What is the cost of setting up an EV charging station in India?

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Cost of setup Electric Vehicles Charging Station in India
Cost of setup Electric Vehicles Charging Station in India

       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

  1. Understanding the worthiness of investing in an EV charging station
  2. Government initiatives
  3. Costing for setup
    1. Charger cost
    2. Electricity & Software cost
    3. Infrastructure cost
    4. Manpower & Maintenance cost
    5. Advertising cost
  4. Infrastructure setup requirements
  5. 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 in Electric Vehicles

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

Nikol EV to setup 5000 chargers by 2025

Minimum Infrastructure Requirement for EV Charging Station

  1. A transformer with subsequent substation must be installed along with safety equipment
  2. For the purpose of metering/ termination, there should be a 33/11KV Cable with related equipment
  3. Appropriate Civil works should be there
  4. There should be adequate space for charging and Entry / Exit of Vehicles
  5. 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.

Arjun D Pawar
Arjun is an engineer having 9+ years of corporate experience. Arjun is an author of Novel “Masters of Lygrenn”. He is passionate about business and loves reading & writing in his free time. Schedule meeting with me

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177 Comments

  1. I AM INTERESTED TO SETUP EV STATION
    LOCATION- NEAR DHIGAL TOLL JHUNJHUNU SIKAR JAIPUR STATE HIGHWAY, 7 KM AWAY FROM DISTRICT HEADQUARTER JHUNJHUNU
    CONTACT- MAHIPAL 8209882067,9414083200
    PLEASE CLEARIFY LAND REQUIREMENT AND COST
    MAIL ID-prajapatca@gmail.com

    1. Kindly contact with us @ +91 7231900002 or you send your query with your personal detail on sales@fleely.com

  2. i want to establish EV charging station with solar energy power …send me full detail

    1. Please send me complete details to setup EV station. Permissions from whom

  3. i want to establish EV charging station with solar energy power …send me full detail

  4. Share details.
    Plan to start EV charging station in Bhiwadi

    1. Please do share your email or phone no or can contact to +91-72319-00002 or can email to sales@fleely.com

  5. I want to start EV Charging station at near Nadiad, Gujarat
    Pls share details

    1. Please share your details on parag@jnpinfratech.net or call on 7600541364

  6. I want to establish electric charging station on jhunjhunu to jaipur SH37 at Baragaon please send all details and minimum requirements for the same. I self Surendra and my contact number is 9682611773

  7. I want to start EV Charging station at near Gorakhpur, Uttar Pradesh
    Pls share details

  8. I AM INTERESTED TO SETUP EV STATION
    LOCATION- NEAR MAHAL ROAD ,JAIPUR DISTRICT HEADQUARTER JAIPUR
    CONTACT- RAHUL KUMAR MEENA 9413816700,8619656836
    PLEASE CLEARIFY LAND REQUIREMENT AND COST
    MAIL ID-rahulkite35@gmail.com

  9. I want to install EV station near Jaipur Ajmer Delhi highway. ‘please clarify land requirement and other official license to start with. And where do we get equipment for all types of charging station facilities? Which department in Rajasthan provides support and information on it?

  10. Can anybody please share a sample DPR on setting up EV Charging station for clear visualization and understanding of requirements by the aspirants.
    Thanks and regards
    KVV Satyanarayana

  11. I am interested to setup EV STATION
    Location: near Kavali Highway Toll & 45km away from district headquarter SPSR Nellore, Andhrapradesh
    Contact : Madhavarao Thammisetty 9441499789, 7396881222
    please clarify land requiriment & cost

  12. I am interested in setup off EV charging station at Bharatpur rajasthan on NH.
    Kindly share me the details.
    I have own land over there.

  13. I have my own property near state highway. If anyone is interested to built a EV station in my property (near Erumely (sabarimala ) )just contact me
    kevinbasil26@gmail.com

  14. I want to plant EV charging station. Please share me all details from A to Z.
    Explain me about this business model.
    Email – preyashgosar@gmail.com
    Number – 8652255104

  15. Please send me the requirment of space and paper work to set up the electric with solar charging station in delhi and haryana . how you can help to start above said business, please also clear.
    reply as soon as possible.

  16. Please send me the required paper and land details of electric with solar charging station in delhi and haryana.
    reply as soon as possible.

  17. Interested to set up EV station with the support of government for green India near Siddipet Telangana. What’s the minimum area required to setup it.

  18. I’m interested in installing e-chargin station on NH-162 Pali district Sojat-Pali highway Rajasthan please contact and guide me for the same
    Thankyou
    Dr Babulal Choudhari
    NH-162 Bagawas

  19. I want to plant Ev station in palwal city

  20. i want to establish EV charging station in vadodara my cell no 9898601456

  21. Kindly share details for the EV charging station installation In vadodara. With charges and all other necessary details. And also share contact no of your executive in case of any query and future reference.

  22. I AM INTERESTED IN INSTALLING EC STATION AT SANGLI (DUST. SANGLI TQ. – MIRAJ, MAHARASHTRA) SO PLEASE CONTACT ME AND GUIDE ME FOR THE SAME.

  23. I AM INTERESTED TO SETUP EV STATION
    LOCATION- NEAR Rameswaram NH 47. 7 KM AWAY FROM DISTRICT HEADQUARTER Ramanathapuram
    CONTACT- Ramasubramanian 7708209717
    MAIL ID-LRSMANIAN6141@gmail.com

  24. I am interested in setting up EV charging station at Delhi or Agra. Please share me the complete infrastructure specifications, cost and location etc.

  25. Kindly share the EV charging installation cost and area required for setup, my land is located just adjacent to Highway no. 26. Near Narsinghpur MP.
    Kindly share the details on basantjec13@gmail.com
    8319707073.

  26. Hai myself Karthik from Madurai Tamil Nadu
    Iam interested on this project kindly send all details about ev station on my mail
    Mail id logiryder@gmail.com
    What’s app number 7010489191

  27. I want all information to start new Power charging station at Nagpur Maharashtra.

    Please guide
    Where want to visit
    Whom to contact.

    1. Our team will connect with you soon!

  28. Hi,
    I will be intrested in the ev charging station.
    at my native place in maharashtra.
    pls also i need proper guideline with the cost as well as all the other legal domcument along with it.

    1. Dear Sir,
      Please share your contact details on our Contact us page

  29. i,m interested to open this Ev car charging station
    My contact no is this
    7289041379
    shantanukishor14@gmail.com

  30. I am interesting in EV charging center, but how to get certificate i dont know plz guide me.

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