In the era of rising inflation, the prices of petrol and diesel are increasing rapidly. CNG rates have also increased. At the same time, there is a lot of talk about electric vehicles in the market. People are showing interest in driving these vehicles as they are cheaper than petrol and diesel. Therefore, the demand for electric vehicles is continuously increasing from villages to big cities. There is a growing demand for e-rickshaws, especially in villages. In this situation, opening an electric vehicle charging station (EV charging station) business may be appropriate. This business has the potential to flourish on a large scale.
SMALL BUSINESS IDEAS: Electric vehicle charging station business
To start an electric vehicle charging station, you need to have an empty plot of 50 to 100 square yards along the road. The place can be in your name or you can lease it for 10 years. Using electric vehicles does not cause pollution. So, how can you start an electric vehicle charging station business? We are going to give you this information through this article.
Method of Starting an electric vehicle charging station
Getting permission: To set up an electric vehicle charging station, you need to get a No Objection Certificate (NOC) from the Forest Department, Fire Department, and Municipal Corporation.
Parking Arrangement: There should be proper parking arrangements for cars and their movement at charging stations.
Basic Facilities: To provide a high quality of services at charging stations, you should provide basic facilities like clean drinking water, toilets, restrooms, fire fighting equipment, and ventilation.
Cost: The cost of setting up an electric vehicle charging station can be up to 40 lakhs depending on the capacity of the station. However, you can have a low-capacity charging station that costs up to 15 lakhs. This will include the cost of land purchase, construction, and installation of charging points.
This will be your earnings
If you install a 3000 kW charging station, you can make a profit of Rs 2.5 per kW. On this basis, you can easily earn 7000 to 8000 rupees in a day. Monthly income can be around Rs 2.25 lakh. Then after deducting all the expenses, you can get from the electric vehicle charging station business Rs. 1.5 lakh to Rs. You can easily earn up to 1.75 lakhs. If you want to increase the revenue further, you have to increase the capacity of the charging station, as a result, your monthly revenue can reach up to Rs 10 lakh.
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