Electric Vehicle charging stations: How to start a business

Rising pollution and fear of petroleum source extinction forced the whole human race to find alternatives of petroleum fuels and products. Meanwhile, electricity-powered vehicles came into the picture as the protagonist.

Vehicles powered by electricity can solve the problem of transportation and are good for the environment as well. Due to their uncountable benefits in terms of money and eco-friendliness. Electric vehicles are accepted and appraised all over the world. Now, as everyone knows, electric vehicles are charged and then run with the help of electricity. This generated demand for charging stations so that people can charge their vehicles. If you open a charging station now, this would be a futuristic profitable and intelligent idea to do a business.

Reading this article will help you understand the market needs and process to open your charging station.

What to open EV charging stations in India?

India has the second-largest road network after the US. Also, more than  5,17,322 electric vehicles have been registered in the last three years as per the e-Vahan Portal. Though this is very small as compared to traditional vehicles, but not so small to catch the cue of upcoming demand. Below are reasons for why should you start

Futuristic

As projected by the government, they need EV charging stations to be set up every three kilometres in cities, and every 25 kilometres on highways. These charging stations should be located every 100km on both sides of the road on both sides of long-range and heavy-duty vehicles.

In Demand

Although the need is great, is there a demand? I would say YES (in cities like Bangalore, Delhi, Chennai, Hyderabad, Mumbai & Pune.

We do not even come close to following the guidelines (as there are so few EV charging stations in India) and we can see there is a huge need for more charging stations.

Perpetual Approach

It is one of the never-ending opportunities of all time. As the lockdown and covid things become a past, various companies are coming to India seeing it as an emerging market. The Hindustan Times recently published a piece of news saying “Electric mobility company London Electric Vehicle Company (LEVC) has officially announced the brand is entering India. LEVC has partnered with Exclusive Motors, a new dealership which will sell the company's extended-range electric vehicle, the TX in India.”

As more and more companies made EVs are being a part of the market, charging station businesses will escalate at a never seen before pace.

What it takes to start this business

Opening an Electric vehicle charging station can be a tricky shot. You need to start with the basic questions like; how electric vehicles are charged and how much they cost. Later, you can find answers to your questions like how do I start a company for EV charging In India? How can I start an Electric vehicle charging station?

The government announced that any individual who wants to open a public charging station can do so, without any government licensing process. Though you need some charging devices and most importantly a commercial electrical connection. Depending on the power consumption and area you are starting in, charges and conditions may vary.

Conclusion

The number of EVs in India is only 1 per cent of traditional vehicles, but the sale of EVs is on the rise, and there is a growing need for charging stations. If you are still thinking about whether you should start it or not? The only thing I want to say here is EV Charging Stations are the way of the future. Now is the time to invest in them. The answer to your question is YES only if you have the investment capacity and want to read a good profit from the market.

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