Planning New Business? Why You Should Consider Setting Up EV Charging Stations

Coolan

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posted on 3 months ago — updated on 1 second ago

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To set up an EV charging station, the interested individual needs to follow the specific guidelines of the Government of India.

The rise of electric vehicles (EVs) has paved the way for individuals to start the business of EV charging stations with an investment of approximately Rs 20 to 25 lakh. The battery-powered scooter and four-wheeler market is growing across India. EV charging stations can be started in such a situation. It can also be profitable as it aligns with the Indian government’s ambition for sustainability goals and an ever-increasing public interest in eco-friendly transportation. India needs to drive towards EV goals in sync with the Indian sustainability goals to aim for a 30 per cent EV market share by 2030.

To set up an EV charging station, the interested individual needs to follow the specific guidelines of the Government of India. The licence for the station will be granted only if the guidelines are followed. To encourage this business, the Government of India is currently providing subsidies.

To start this business, you need to scout a location to set up the charging station. You can set up EV charging stations in busy areas of the city like shopping malls and bus stands. It is advised to initially set up the stations for electric bike charging, if you have less capital. Later, if business increases, four-wheeler charging stations can also be started. You also need to prepare a blueprint of the business plan before starting the EV charging station.

Currently, several companies are offering franchises to build EV charging stations, giving all necessary support. You can contact them and will provide you with everything from a specific business plan to equipment.

Prime Minister Narendra Modi’s five principles, known as Panchamrit, align closely with the objectives of the electric vehicle (EV) revolution. These principles – sustainability, adaptability, efficiency, inclusivity, and synergy — mirror the core goals of advancing EV technology. India’s active participation in international climate commitments such as the Conference of the Parties (COP), highlights the critical need for adopting cleaner transportation solutions.