CHARGING SATION BUSINESS IN INDIA 2021

 TO PLANT EV CHARGING STATION IN INDIA

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.

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.



Cost of Setting up an Electric Charging Station in India

            Cost of EV charging stations varies from Rs. 1 Lakh to Rs. 40 Lakhs depending on the types of chargers. The chargers you install will depend on the kind of budget you have. However, considering a broader scenario and a supply of 240V EV Station below is the estimate.

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 3,000 kWh per day EV power for consumption.

        Considering Electricity Utilization of (for 360 days and a fixed margin of Rs. 2.5 per consumption):

  • 600 kWh per day for 1st year: 600x360x2.5 = 5,40,000/-
  • 1200 kWh per day for 2nd  year: 1200x360x2.5 = 10,80,000/-
  • 1500 kWh per day for 3rd  year: 1500x360x2.5 = 13,50,000/-
  • 2000 kWh per day for 4th year: 2000x360x2.5 = 18,00,000/-
  • 2400 kWh per day for 5th year: 2400x360x2.5 = 21,60,000/-

Total Revenue for 5 years: 69,30,000 /-
EVSE software management FEE of 10% on margin: 6,93,000/-

Revenue for 5 years comes as 62,37,000 /-  (Excluding the annual maintenance)


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