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EVs are the hottest trend in India right now, considering their cost efficiency, operating cost, and overall performance. Supportive GOI policies and subsidies have led to the exponential rise in the number of Electric vehicles in India and EV Charging business profit.
India witnessed a growth of 149% in EV sales with 49,607 units in sales in 2022 compared to 2021. The rise in EV sales is likely to create a demand for EV charging stations in public spaces and expressways.

Nationwide EV charging station infrastructure development is the key to meeting GOI’s ambitious goal of EV adoption by 2030. To support the goal, India would need 29,34,000 EV charging stations, which is likely to create an investment opportunity of INR 20,630 crores. Considering the scenario, it is the best time to invest in EV Charging station business in India.
Curious about the profit in EV charging station business in India? We got you covered!
In this article, we have curated a detailed financial projection and revenue model for EV charging station business in India. Profit margin in EV charging station business in India is emmence now, considering GOI’s goal 2030.

Cost of EV charging in India
The tariff for new third-party-owned EV charging infrastructure shall be as per the AERC tariff order for utilities. But considering the nationwide tariff for EV charging the base EV charging cost would be 19/kW, for now.
EV charging tariff for Charge Point Operators (CPO) differs from state to state according to its EV policy. Most of the Indian states settled on a DISCOM tariff of Rs 5.75-6.76 per kW for EV charging (Published in the Handbook for EV charging infrastructure implementation). The demand charge for the low tension is set to 130/kW per month, whereas for the high tension is 160kVA per month.
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How an EV Charging station makes money?
Revenue generated and profit margin from an EV charging station depends on state-wise and investment in the charging station project. Currently, the EV charging station business is profitable in certain metro regions of India with a stronghold of EVs. Also, the profit from an EV charging station depends on the time utilized for charging an EV.
Profit in electric vehicle charging station business in India is calculated based on the following assumptions:
- The vehicle being charged is a Tata Nexon EV with a battery capacity of 30kw
- The vehicle comes to the station in need of 25 kW of charge.
- Discom tariff being Rs 6/kW (approx) and Public EV charging cost 20kW
Description | Price |
---|---|
Discom tariff (25kWX6) | Rs. 150 |
Public EV charging cost (@20/kW)X25 | (-)Rs. 500 |
Profit | Rs. 350 |
Financial Projection for EV Charging station in India
Financial projections and revenue models for an EV charging station depends on the project type and the amenities provided. The minimum time required for charging an EV up to 70% with a fast charger is 50-60 mins. The waiting time for customers to charge their vehicles can be resourcefully utilized to generate further revenue. A small food kiosk or coffee shop will not just add to the revenue but also provides a place for customers to wait while charging.

Financial Projection and profit in EV charging station in India is calculated based on two scenarios:
- Standalone slow & fast EV charger
- EV slow & fast charger along with food kiosk or coffee shop.
Revenue projection/profit and loss from an electric vehicle charging station:
The yearly revenue projection is calculated based on the following assumptions:
- Calculated on a yearly basis and 10 cars visit the EV charging station per day..
- Public charging cost is estimated to be 20/kW and the car arrives in need of 25kW of charge.
- EVSE costs Rs 60,000 per year.
- The number of incoming vehicles increases by 5 each year.
- Cost to charge 1 electric car utp 80% – 25kWX20= Rs 500
- DISCOM electricity cost to charge 1 electric vehicle = 25kWX6= Rs150
- Profit from charging one electric car upto 80% = Rs 350
Yearly Financial Projection
Yearly Financial Projection from an electric vehicle is calculated for Year 1, Year 2, and Year 3.
Metrics | Year 1 | Year 2 | Year 3 |
---|---|---|---|
EV Charging Tariff | Rs. 17,00,000 | Rs. 26,00,000 | Rs. 32,0,000 |
Discom Tariff | Rs, 5,30,000 | Rs, 8,10,000 | Rs. 10,80,000 |
Profit | Rs. 12,60,000 | Rs. 18,90,000 | Rs. 24,20,000 |
- Depreciation, wear and tear, and tax is not included.
- EV Charging business profit depends on variables like added manpower, and extra infrastructure
Return on investment (ROI) from an EV charging station

Considering the nascent stage of EV adoption in India, people were very skeptical about the business in the EV-related industry in India. But post the adoption and general acceptance of EVs in India, EV stocks and EV-related business have become the hottest trend so far in the automotive sector of India.
ROI in EV charging station business in India depends on the utility-based EV charging rates, the number of charging ports per station, charging power, as well as the presence of another EV charging station nearby.
ROI from an EV charging station business in India solely depends on the station infrastructure type. If CPOs invest to build added amenities in the charging station, the EV charging business is likely to offer a higher ROI compared to stand alone EV charger.
For the first year, the EV charging station business offers raw in-hand profit of Rs 12,60,000 to CPOs considering the worst-case scenario, which almost shoots up to 18 lakhs from the second month onwards.
EV charging is a highly profitable business in the present and future. It is a matter of patience and early investment into the sector until bigger fish arrives in the ocean of the EV charging business.
FAQ
Considering the current market scenario, EV charging station in India makes around 10-14 Lakhs yearly in India.
EV charging station business in India is highly profitable considering the few EV chargers compared to large number of vehicles. Yearly, EV charging station in India would make around 10-14 Lakhs.
Installing an EV charging station in India would cost around 12-18 Lakhs depending on the type of charger one wants to install and the infrastructure requirements.
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I am interested please send me your’s company requirements and offer to my mail given below.
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Hello Mr. Vaibhav,
Glad you reached out to us for your EV charging station project. Kindly check your email for the detailed steps to install an electric vehicle charging station in India. Or call us at +91 8473079681