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What are the Cost Estimates of Setting Up an EV Public Charging Station in India?

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cost estimates of setting up an EV charging station in India

Electronic Vehicles (EVs) are an environmentally friendly and low-cost alternative to petrol or diesel vehicles. Any vehicle that runs partially or wholly with electric combustion comes under the category of EV. Instead of using fuel, these vehicles use electric batteries or a combination of fuel and electric power to run. However, electric vehicles need electric charging stations like petrol, diesel, or gas stations. The EV charging stations provide the chargers to charge the batteries of the EV on the road.

Types of EV Chargers

There are three types of electric chargers available for EVs depending on the level of charging that they provide:

  • Level 1 Charging (Slow Charging)

It is the basic charging equipment with slow speed. It uses 120 volts (V) through an Alternating Current (AC) plug and can be used on home circuits. It takes around 8 to 12 hours to charge a battery through this equipment. It is mainly used in households for overnight charging of the EV.

  • Level 2 Charging (Standard Charging)

It provides an average charging time of 4 to 6 hours through a 240 volts (V) AC plug. It is compatible with all EVs including plug-in electric hybrid vehicles. These stations are mostly installed in public parking spaces, commercial and residential buildings.

  • Level 3 Charging (Rapid Charging)

It can charge a battery up to 80% in 20-30 minutes using 480 volts (V) Direct Current (DC) plug. However, it is not compatible with all the EVs. They can be installed only in public charging stations.

Government Guidelines for Setting EV Charging Stations

The following guidelines have been issued by the Central Government of India regarding the setting up of EV charging stations in India:

  • The Government of India has made it compulsory to set up an EV charging station every 3 kms in the cities, 25 kms on the highway, and 100 kms on highways for heavy-duty vehicles.
  • The Government of India has made it license-free for any individual to set up an EV charging station in India following the guidelines of the Power Ministry of India.

Infrastructural Requirements for Setting EV Charging Station

The following infrastructure requirements are necessary for setting up an EV Charging Station:

  • Installation of a transformer, substation equipment, and safety equipment.
  • 33/11 KV cables and associated equipment for line and meters.
  • Civil works and installations.
  • Land space for charging vehicles and entry or exit of vehicles.
  • Installation of all the charger models approved by local and international standards.

In India, the following charger models are installed at public charging stations:

In India, the following charger models are installed at public charging stations:

Cost of Setting Up EV Charging Stations

The cost of setting up an EV charging station consists of two types of costs:

  • Infrastructural Costs
  • Charger Costs

Infrastructural Costs for Setting Up EV Charging Stations

The infrastructural costs consist of facilities, equipment, and land required for the charging station. The cost break-up for the same is given below:

Requirement

Cost

Land Lease at INR 50,000 per month

Rs. 6,00,000

Electricity connection, transformers, and energy meters

Rs. 7,50,000

Civil Works

Rs. 2,50,000

Maintenance and Technical team

Rs. 3,00,000

Brand promotion and Marketing

Rs. 50,000

Total

Rs. 19,50,000

Please Note: The mentioned above are estimated. They may differ according to time and place.

Charger Costs

As per the government guidelines, public EV charging stations must have at least three fast (DC) chargers and two slow (AC) chargers. The cost of Level 1 chargers is comparatively low as compared to Level 2 and 3 chargers. The cost of different chargers is given below:

Type of Charger

Cost

Bharat AC – 001

Rs. 65,000

Bharat DC – 001

Rs. 2,47,000

Type 2 AC

Rs. 1,20,000

CHAdeMO

Rs. 13,50,000

CCS

Rs. 14,00,000

EV Charging Station Franchise in India

Some of the companies that are providing services for EV charging stations are:

  • Tata Power – Mumbai
  • Charge + Zone – Vadodara
  • Exicom Power System – Gurgaon
  • Charge My Gaddi – Delhi
  • Volttie – Noida
  • EVQ Point – Bengaluru
  • PlugNGo – Noida
  • Dyna Hi-tech Power Systems – Navi Mumbai

Benefits of Setting up EV Charging Stations

There are many benefits associated with setting up EV charging stations. Some of them have been explained below:

  1. India is moving towards an era of electronic vehicles. In the coming years, ICE vehicles are going to be replaced with electric vehicles. Hence, there is going to be high demand for EV charging stations.
  2. The government provides various schemes and subsidies for setting up EV charging stations.
  3. The cost of setting up an EV charging station is low, and revenues would increase year by year.
  4. It would help in making India’s initiative of ‘Go Green’.

Learn more – EV Charging Station Business Loan

Cost Estimates of Setting Up an EV Public Charging Station in India FAQs:

1. Are EV charging stations free?

No, the EV charging stations are not free. They charge according to the rates specified by the state or country.

2. Can EV charging stations be set up at home?

Yes, the EV charging station can be set up at home. You need to consult with your electrician, arrange for charging points and cables.

3. What is an EV charging station?

An EV charging station provides electric charging points for electric vehicles.

4. Are EV charging stations profitable in the long run?

Yes, once you have covered your installation costs, the remaining revenue can be considered profit. The installation costs are estimated to be recovered in 3-5 years.

5. Can a DC charger be installed at home?

DC charger can be installed at home, but it is not recommended. The cost of installation and maintenance is very high. Also, the infrastructural requirements for a DC charger are not suitable for a house.

Does the government provide support for installing EV charging stations?

Yes, the central government has issued guidelines for installing EV charging stations. Also, the state governments provide different subsidies for the same.

7. How much space is required for a public EV charging station?

A public EV charging station requires around 500 sq. ft. of space to park 3-4 cars simultaneously.

8. What is the average cost for installing a public EV charging station?

The average cost for a public EV charging station in India is Rs. 40-50 Lakhs.

9. Is there any inspection required before operating the EV charging station?

Yes, the charging station needs to be inspected and cleared by an electrical inspector from a lab or agency accredited by the National Accreditation Board for Testing and Calibration Laboratories (NABL).

10. Which state in India has the highest number of EV charging stations?

Telangana has 50 EV charging stations installed, becoming the state with the highest number of EV charging stations.

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