The cost of opening an electric vehicle charging station is around 1 lakhs to 25 lakhs including the charging station’s equipment and charging station hardware.
Powered by electric motors, the electric vehicle has started to gain popularity among the masses. With continued growth in the electric vehicle ecosystem, there is a rising demand for the need for electric vehicle charging stations.
Apart from the environmental benefits – People are switching to EVs because of its superb efficiency, cheaper energy costs, less maintenance, and better overall performance.
Also, the Electric Vehicle public charging stations business is de-licensed by the government of India, as an initiative of the Make in India scheme. So, it is quite easy for an individual to open an electric car charging station business.
Currently, it’s seen that most of the drivers do the charging at home overnight for short distance travels but with the rise in the electric ecosystem, there will be a potential need for proper public charging stations network to enable people to plan long trips with their favorite electric vehicles.
With the rising demand in the charging stations network, startups and investors have a great opportunity to rise in this sector.
You might be wondering how much does an electric car charging station cost. So, we will discuss the cost of EV charging stations in India.
Business opportunity in the electric car charging station
Considering the rapid rise in the pollution levels in the country electric vehicles charging stations are highly encouraged. The government of India has undertaken multiple initiatives to promote the manufacturing and adoption of electric vehicles in India. Also, to reduce the electric car charging stations cost for growing startups.
As per guidelines One Charging Station in a grid of 3 Km X 3 Km. Further, one Charging Station be set up at every 25 Km on both sides of highways/road.
And the availability of at least one charging station at every 100kms on both sides of the road is a must.
With no such prevalent infrastructure availability, there is great potential for the electric vehicle charging station business in India.
Also, some of the new opportunities in the EV charging industry are:
- Ev charging station management
- Home charging station setup service
- Public fast Charging station setup training
- Portable charging stations
Want to know how to set up electric car charging station. Read this article
Types of electric vehicle charging stations and chargers.
One needs to plug into a charger connected to the electric vehicle supply equipment (EVSE). There are three major types of EV chargers.
- Level 1 charger cable comes with your car, uses a 120V standard household circuit.
- No additional cost of installation required, mostly used in homes.
- A full charge of an electric car takes overnight.
- For both commercial (204 AC Plug) & residential (208 AC Plug) use.
- Requires additional charging equipment installation & higher cost.
- Faster charging with level 2 charge, found normally in parking lots.
Level 3 DC fast charging
- High installation cost of charging stations, high-powered equipment, and chargers through a 480V
- Fastest charging, 80% in 20 minutes of charge.
- Mostly commercial use.
Government guidelines and standards for EV charging station
The government of India has laid down the rule for a Minimum of three fast chargers and two slow chargers in a charging station. The availability of fast charging and slow charging is a must, which also increases the electric car charging station cost.
Fast chargers – CCS, CHAdeMO, Type-2 AC
Slow chargers– Bharat DC-001, Bharat AC-001
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Cost of opening an electric car charging station in India
The cost of opening an electric vehicle charging station is around 1lakhs to 25 lakhs including the charging stations equipment and charging station hardware. The cost of setting up an electric vehicle charging station depends on the type of charger used and the amenities we tend to provide.
However, there are set guidelines and minimum requirements from the ministry of power for the installation of Public charging stations which are to be kept in mind, discussed in the lower section. These guidelines and requirements greatly affect the electric car charging station’s cost for the installation of a public charging station.
Cost of electric vehicle charging equipment- Infrastructure
Public charging station as advised shall have a minimum of three fast chargers and two slow charge points. Where in, Level 1 charge with relatively simple and low installation cost and level 2 charge and level 3 charge with higher installation and operating charging stations cost are included.
|Charger type||Output power||Cost of charger|
|Type 2 AC||22kW||1,20,000|
Other infrastructure costs of an EV charging station
EV charging stations cost rises with several charging station hardware:
New connection, transformer, cables
Energy meters and cables
|Civil works for EV charging station||2,00,000|
|Brand building and promotion||50,000|
|Technical team, manpower and maintenance||3,00,000 yearly|
|location rental for EV charging station||2,50,000|
EV charging station management software – CMS
EVSE management software for communication between the car and the charging stations for public chargers.
Management software for the communication between the charging station and the charging point operator (CPO)
CPOs Should have a set of tools available to ensure charging stations are operating optimally and have access to data and reports which can support informed business decisions.
The system checks whether stations are online and available for customer use. It provides a diagnostic tool to enable first-level troubleshooting remotely. Data and payment communications and capabilities can also have a significant impact on the cost of charging electric cars at a public charging station.
On average the Electric vehicle charging station management CMS software costs around 50000.
The total approximate cost for setting up an electric car charging station comes around 1-30 lakhs depending on the services planned to provide.
Also, the government is bringing up many schemes and policies for reducing EV charging infrastructure costs and subsidies in electric car charging station installation costs.
However, the electric car charging station installation cost mentioned above can be significantly reduced if one plans to do so. The cost range available on the internet is just approximation and in real life, it depends on the outsourcing of products
Just e.g. – If you have a space ready to use with the minimal modification you will save around 3-4 lakhs.
Revenue and earnings from a public charging station
Revenue and earnings from electric car charging station from public chargers are based on some assumptions made-
- Power output CUF per day i.e. gradual increase with the passage of year 15% Year-1, 25% Y-2, 40% Y-3
- The electricity tariff margin is considered to be Rs 2.5 for now. Electricity rates may increase in the future for EVs
- For 350 days a year including closure for maintenance or other reasons.
Earning approximation from an EV charging station for 3 years:
500 kWh/day 500X350X2.5 = 437,500
1300 kWh/day 1300X350X2.5 = 1,137,500
1600 kWh/day 1600X350X2.5 = 1,400,000
The Total revenue for 3 years from an EV charging station would be approximately Rs 35,00,000
Electric vehicle charging station requirements and standards in India
Government of India and the Department of energy laid down some rules for setting up a public charging station in India
Some of which are :
- Minimum of three fast chargers and two slow charge points.
- Transformer with safety appliance.
- Electricity supply (33/l l KV line/cables) to power up the charging station.
- Appropriate civil works, startups are free to create Charging Hubs and to install an additional number of Chargers.
- Network Service Providers (NSPs) to enable advance remote/online booking of charging slots.
- Safe area for charging and public amenities.
- Liquid-cooled cables and climate control equipment if fast charging option is planned by the charging station provider.
Cost of installing an electric car charging station at home
The cost of installing an electric car charging station at home comes around Rs 55000 to 200000 depending on the level of charger one wants to install and the electricity costs.
For charging the electric car at home it is recommended to use the IEC 60309 Industrial connector from both ends to match with the minimal electricity costs in India.
When charging an Electric vehicle at home, many EV owners and EV drivers charge overnight plugging into their regular home 120V outlet using level 1 equipment that comes with the vehicle. Also, the cost of electric car home charging is less compared to the cost of charging an electric car at a public station.
With a single-phase 15A plug, chargers at home can provide a maximum of 2.5kWh of power.
The cost of EV charging at home is as follows:
|Vehicle||Battery pack||Price||Price variation|
- However if one wants to install a dedicated home charging point it will cost you around 40000 to 100000 depending on the brand you want to go with.
- It is highly advised to consult an electrician before installing a dedicated level 2 home charger which will cost you around Rs 15000
However, The billing for the power use with home EV chargers is part of home-metering electricity rates. This will be continued till a EV policy is rolled out to charge the home charger users differently for EV charging at home.
Considering the ongoing rise in the electric vehicle ecosystem in India, there will be a huge demand for public charging stations in India. Even if the installation cost is high, the revenue out of it will boom in some years. So it is wise to invest in EV charging stations.
If you are interested to setup a electric vehicle charging station, feel free to contact us for consultation. We can work out a lower cost installation model for sure.
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No, charging station charge an calculated amount for charging your electric vehicle. Rates differ according to country and states.
EV charging stations costs around 1 – 30 Lakhs in India depending on the charger one wants to install.
Electric vehicle charging stations are recharge point for modern electric vehicles.
To install an electric car one needs to find a suitable location along the highway or petrol pump, install EVSE, get a new electric connection meeting the requirements of Ministry of Power.
Car charging cost in-home varies according to the type of vehicle one wants to charge
For electric scooters, it comes around Rs12-20, for electric cars Rs 45-65, three-wheelers Rs 20-21
You can find the nearest car charging station with ecogears built in open map. here