The Government of India has announced that any electric vehicle can install charging stations as long as it has a permit from the Ministry of Power and the stations comply with the requirements of the Ministry. In this article, you will learn about the cost of setting up an EV charging station in India.
Suppose anyone wants to build an electric vehicle charging station, it has to fulfill all the infrastructure requirements already announced by the government. These infrastructures fall under the category of basic requirements of the Ministry of Power, and one must choose the right charging solution, supplier and location.
There are different types of electric vehicle chargers. Among them, there is the basic level 1 charger which is slow charge. The most widespread type of charger is the Level 3 charger which uses DC power and helps with faster charging.
Sudden need for EV charging stations in India
As per the infrastructure rules of the government, EV charging stations should be installed every 3 kms in cities and every 25 kms on both sides of the roads as well as every 100 kms on both sides of the highway. Highway charging stations are essential for long distance and heavy duty vehicles. With its growing automobile market, India is now working hard to boost its industrial transport system by building an electric highway connecting major cities.
Required infrastructure for EV charging stations
An ideal and sustainable EV charging station requires a transformer and its subsequent substation and all safety measures. 33/11 kV cable and accessories must be supplied for termination or metering. Next, there should be enough civil works, and there should be enough space for charging electric vehicles. All of these require local authentication for authentication. However, this rule varies from state to state.
EV Charging Station Cost
The cost of an electric charging station in India ranges from Rs 1 lakh to Rs 40 lakh, depending on the type of charging stations used and the amount spent. These are some tentative estimates of charging stations based on a more general scenario and a line-up of 250 kVA EV stations.
If the charger type is CCS-60kW, the estimated cost will again be ₹50,000; If the charger type is 2 AC-7/22kw, the estimated cost would be ₹ 1, 00,000.
Here is the step-by-step cost of an electric charging station:
New electricity connection of ₹ 7, 50,000.
Civil works worth ₹ 2, 50,000.
EVSE Management Software + Integration Cost ₹ 40,000.
technicians and manpower, as well as maintenance cost of around ₹ 3,50,000 per year.
For advertisement and promotion of the product, ₹ 50,000. Is required
The cost of land lease is ₹ 6, 00,000 per annum
Therefore, the total cost of ₹ 40,000,000/- includes the first year of establishment, and the land is a lease.
After the first year, the annual maintenance cost from the second year onwards will be ₹ 10, 00,000/- which includes the lease of the land.
Some facts about the revenue model
People have no control over something called a revenue forecast. However, forecast for the next five years can be made on the basis of one scenario. Suppose there is an investment of ₹40 lakh as mentioned earlier, then the amount consumed would be 500-1000 kWh per day of EV power.
Conclusion
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The sales of EVs are increasing day by day due to the ever-increasing need for charging stations. However, India has only 1% electric vehicles as compared to regular automobiles. But is it possible to make changes in that area? the answer is yes. So if you want to invest some money in this industry, you should search the internet to collect more information.
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