The Indian government has declared that anyone can set up an electric vehicle charging station as long as they have the permit from the power ministry and the stations comply with the ministry’s requirements. In this article, you will learn about the cost of setting up an EV charging station in India.
Suppose anyone wants to build the electric vehicle charging station, he needs to meet all the infrastructure requirements that the government has already declared. These infrastructures fall under the category of the basic requirements of the power ministry, and the person must choose the right charging solution, supplier and location.
There are various types of electric vehicle chargers. Among them, the basic is the level 1 charger that charges at a sluggish pace. The most widespread type of charger is the level 3 chargers which use DC power and helps with rapid charging.
The sudden need for EV charging stations in India
As per the government’s infrastructure rules, the EV charging stations must be placed every 3 kilometres in cities and every 25 kilometres on both sides of the roads, along with every 100 km on both sides of the highway. The highway charging stations are essential for long-range and heavy-duty vehicles. With its growing automobile market, India is now trying hard to boost its industrial transportation system by building an electric highway connecting the big cities.
Necessary Infrastructure for EV Charging Stations
A perfect and permanent EV charging station requires a transformer and subsequent substation and all the safety measures. A 33/11KV cable and supporting equipment should be supplied for termination or metering. Next, sufficient civil works must occur, and there should be enough room for electric vehicles to charge. All these require local certification for authentication. However, this rule varies from state to state.
Cost of the EV charging station
Depending on the utilisation of the charging stations and the amount of money spent, an electric charging station in India costs Rs 1 lakh to 40 lakhs. These are some tentative estimates of the charging stations based on a more general scenario and a line-up of 250KVA EV stations.
If the charger type is CCS-60kW, the approximate cost will be ₹ 50,000 again; if the charger type is 2 AC-7/22kw, the approximate cost will be ₹ 1, 00,000.
Here is the step by step cost of an electric charging station:
New electricity connection worth ₹ 7, 50,000.
Civil works of ₹ 2, 50,000.
EVSE management software + Integration costs of ₹ 40, 000.
Technician and manpower, along with maintenance costs of almost ₹ 3,50,000 per year.
To advertise and to promote the product, one needs ₹ 50, 000
The land lease costs ₹ 6, 00,000 yearly
Therefore, the total cost of ₹ 40, 00,000 /- includes the first year setup, and the land is a lease.
After the first year, the annual maintenance from the second year will cost ₹ 10, 00,000/- which includes the land lease.
Some facts about the Revenue Model
People have no control over something called Revenue Forecasts. However, a forecast can be made for the next five years based on a scenario. Suppose there is an investment as mentioned earlier of ₹ 40 lakhs, then the consumed amount will be 500-1000 kWh of EV electricity per day.
Conclusion
EV sales are increasing day by day as the need for charging stations increases continuously. However, there are only 1% of EVs in India as compared to regular automobiles. But is it possible to make changes in that sphere? The answer is yes. So if you are looking to invest some money into this industry, you should search the internet to gather more information.
Keyword: What Is The Cost Of Setting Up An EV Charging Station in India