How much does it cost to install an electric vehicle charging station?Posted by Alvin Smith on November 21st, 2022 How much does it cost to install an electric vehicle charging station? Evroute is an EV charging system provider in India. It offers high-quality, feature-rich chargers for your electric vehicles. You need to fulfill some requirements for installing EV charging stations. Know the cost of setting up a charging station.
Electronic vehicles are low-cost, eco-friendly alternatives to diesel vehicles. These automobiles are dependent on electric batteries for their operations. Some vehicles rely on the combined power of battery and fuel. But, there is a need for an electric vehicle charging station to recharge the battery. So, you can take advantage of this trend by setting up a charging station for EV owners. Take a permit from the Indian power ministry and comply with the requirements. However, what is the average cost of EV charging station installation? You need to calculate it based on the EV charger model, infrastructure, and several other factors.
Chargers for electric vehicles- Different brands have designed EV charges of varying models. The cost of EV charger installation can vary with the model you have chosen. It can range from Rs 60,000 to Rs 12,50,000.
The upfront investment for setting up the business can be around Rs. 40 lakhs. What are the major infrastructural requirements? You need to install safety equipment, transformer, and substation equipment. Associated equipment and 33/11 KV cables are also needed for the overall configuration. You need to pay a charge of about Rs. 2,50,000 for installations and civil works. The electricity connection costs about Rs.7, 50,000. It is also important to have a land space to charge automobiles. The cost for a land lease can be around Rs. 6, 00,000. Make sure that you have installed chargers approved by international and local standards. Set up your EV charging stations- Due to the increasing use of electric vehicles, you can earn revenues with electric vehicle charging station installation. In fact, the Indian government has made it obligatory to establish an EV charging station with a gap of around 3Kms. You do not need a license to set up the charging station. You have to calculate only the cost of installing the station. So, you can now calculate the EV charging station installation cost. You need to connect with different professionals to configure everything properly. But, the most important thing is the smart charger for an electric vehicle. Designed with the latest technology, the charger will give you a lasting value. Like it? Share it! More by this author |