An individual or entity can establish an EV charging station as a franchise by partnering with key players in India''s EV manufacturing sector. It is a highly profitable business requiring Rs.1 lakh to 10 lakh investments .
Invest in EV charging station in India for a promising future in sustainable transportation. Explore top Franchise options for a wise investment decision.
Certain companies offer to open a TATA Electric Vehicle Charging Station Franchise in India. The main among these is the Tata Power company, which offers electric charging station dealerships all over India.
To set up an EV Charging station Franchise in India or to run an electric vehicle charging station dealership, there are certain steps to apply which becomes important to know before investing in the same.
1. Tata Power Franchise. As one of India''s most prominent manufacturers of EV charging stations, TATA is well known in the vehicle manufacturing industry. With about 1,000+ charging points in 180 cities, TATA''s EV charging network covers an area of 15+ states including Delhi, Hyderabad, and Mumbai.
The Indian Government has been promoting faster adoption of Electric Vehicles (EVs). However, the biggest challenge EV manufacturers face is the lack of EV charging infrastructure across the country. Thus, establishing an EV charging station is an excellent opportunity in India. An EV charging station facilitates electric charging points for EVs.
Interim Budget 2024-25: Government proposes to strengthen and expandthe e-vehicle ecosystem by supporting manufacturing and charging infrastructure.
The Indian government has stated that all individuals canset up an EV charging stationwithout any license across India. However, they must meet the technical standards and guidelines of the Power Ministry.
The Ministry of Power has issued consolidated guidelines and standards for EV charging infrastructure. These guidelines also provide a phase-wise installation of EV charging infrastructure for big cities and megacities. Below are the crucial guidelines and data taken issued by the Ministry of Power and Niti Aayog:
While setting up an EV charging station, the individual or entity should select the charger type they want to provide in their charging stations. The charger may be a fast charger, rapid charger or slow charger. The location of the charging station plays a major role in selecting the charger.
For example, EV users will usually opt for a quick recharge in EV stations close to restaurants on the highway since they do not prefer to wait long for recharge during the journey. On the other hand, EV users usually opt for overnight charging of EVs located in hotels or lodges where they stay overnight. Thus, EV charging stations should understand the requirement of EV users in that location and select the suitable mix of chargers.
Certain states have favourable EV charging policies, such as getting electricity at a subsidised rate for charging stations than normal commercial rates. Understanding the policy and regulations of the state government where the EV charging station is to be set up helps provide uninterrupted, reliable and cost-effective power to EV users.
Select the right partner
It is essential to get the right partner that not only installs the charging station but also helps promote the charging station, gets desired visibility among the EV users, and successfully operates and maintains the charging station during its work life.
The following infrastructure requirements are essential to set up an EV charging station:
The Government of India has taken steps to reduce the cost of setting up EV charging stations to help make EVs popular. Since no license is required to set up an EV charging station, the cost of charging infrastructure is reduced significantly. Further, individuals or entities canchoose any charger type and invest at their convenience.
Theaverage cost for setting up a public EV charging station in Indiavaries from Rs.1 lakh to Rs.50 lakh. The cost can be classified as below:
Infrastructural costs for setting up EV charging stations
Theinfrastructural costs include equipment and land required for the EV charging station. The cost break-up is as follows:
Note: The mentioned costs above are estimated costs that may differ according to the place of the EV charging station.
Charger costs for setting up EV charging stations
According to government guidelines, public EV charging stations must have at least two slow (AC) chargers and three fast (DC) chargers. The cost of level 1 chargers is lower than level 2 and 3 chargers. Thecost of different chargers is as follows:
Note: The costs mentioned above may differ depending on its suppliers.
An individual or entity can establish anEV charging station as a franchise by partnering with key players in India''s EV manufacturing sector. It is a highly profitable businessrequiring Rs.1 lakh to 10 lakh investments. The top companies offering EV charging station franchises are as follows:
Generally, anEV utilises the electrical energy stored in the fuel cells to power a motor to spin the wheels. PublicEV charging stations provide electricity to charge EVs and store electricity for the ride. Public EV charging stations harness electricity from one of several sources and distribute that power to the electric vehicle. A plug goes into the vehicle''s charging port, and the other end is connected to an electrical outlet.
India''s largest EV charging station was opened in 2022at Delhi-Jaipur National Highway in Gurugram with a capacity of 121 charging points for four-wheelers. Before its establishment, India''s largest EV charging station was in Navi Mumbai, with 4 DC and 16 AC charging ports for EVs.
In March 2023, the government announced thegrant of Rs.800 crores under the FAME India Scheme Phase II to the PSU Oil Marketing Companies (OMC), i.e. Indian Oil (IOCL), Bharat Petroleum (BPCL) and Hindustan Petroleum (HPCL), forsetting up 7,432 public fast charging EV stationsacross the country.
It includes supporting the infrastructure, such as LT and HT cables, distribution transformer, circuit breakers/isolators, AC distribution boxes, tubular or PCC mounting structures, protection equipment, fencing and civil work, generally costing up to 60% of the overall cost for setting up a public EV charging station. The infrastructure comprises the money paid to the DISCOMs by Charge Point Operators to get electricity connection. The EV installation is expected to be completed by March 2024.
Currently, there are around 6,586 charging stationsacross India. The addition of 7,432 public EV charging stations will significantly push EV charging ecosystem. The charging capacity will be used to charge electric two-wheelers, four-wheelers, minibuses and light commercial vehicles.
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