Business Idea: In today’s world of increasing inflation, the costs of petrol and diesel are soaring. At the same time, CNG prices are also on the rise. However, electric vehicles are making waves in the market, offering a more economical option for consumers. This has led to a growing demand for electric vehicles, from rural areas to major cities, with many e-rickshaws now populating villages. Given this trend, starting an Electric Vehicle Charging Station could be a lucrative business opportunity.
Electric vehicle charging Station business
To launch an electric vehicle charging station, you’ll need an empty plot of land measuring between 50 to 100 square yards, ideally located along a road. This land should either be owned by you or leased for a minimum of 10 years. One of the benefits of electric vehicles is that they produce no pollution during operation.
NOC
Establishing an electric vehicle charging station requires obtaining various permissions. You’ll need to secure a No Objection Certificate (NOC) from the Forest Department, Fire Department, and Municipal Corporation. It’s also essential to have adequate parking arrangements for vehicles, ensuring smooth entry and exit. Additionally, the charging station should provide basic amenities such as clean drinking water, restrooms, a waiting area, fire extinguishers, and proper ventilation.
The investment for setting up an EV charging station can reach up to Rs 40 lakh, depending on its capacity. However, if you opt for a lower-capacity station, the costs could be as low as Rs 15 lakh, covering everything from land acquisition to the installation of charging points.
By setting up a 3000 kilowatt charging station, you have the potential to make Rs 2.5 for every kilowatt charged. This means you could generate around Rs 7500 in a single day. Over the course of a month, that could add up to approximately Rs 2.25 lakh. After covering your expenses, your earnings could range from Rs 1.5 lakh to Rs 1.75 lakh. Additionally, if you increase the station’s capacity, your monthly income could soar to as much as Rs 10 lakh.
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