Wherever you look, there is cut-throat competition. But there is one field where there is not much competition right now. This business is to set up charging stations for electric vehicles. In this era of rising inflation, the prices of petrol and diesel are touching the sky. Besides, the price of CNG has also increased. In such Electric Vehicle Charging Station (EV Charging Station) You can earn huge profits by starting a business.
Demand for EV Charging Station
Electric Vehicle (EV) has created a stir in the market. People do not have to spend much from their pocket to run it. In such a situation, its demand is increasing rapidly from cities to villages. E-rickshaws run in large numbers in villages. In such a situation, EV Charging Station business can be very beneficial for you.
How much space is required for EV Charging Station?
To start an electric vehicle charging station, you must have an empty plot of 50 to 100 square yards on the roadside. This vacant space can be in your name or it can be on lease for 10 years. Let us tell you that there is no pollution while driving an electric vehicle.
How to Start EV Charging Station
How to start this business? To set up an electric vehicle charging station, you have to take permission from many places. You have to obtain No Objection Certificate i.e. NOC from Forest Department, Fire Department and Municipal Corporation. There should be proper arrangement for parking of cars at the charging station and their entry and exit. Along with this, the charging station should also have basic facilities like clean drinking water, toilet, rest room, fire extinguisher and ventilation facility.
How much will it cost to install an EV Charging Station?
Let us tell you that you may have to spend up to Rs 40 lakh on setting up an EV charging station. However, you can start this business even with less expenditure than this. If you install a low capacity charging station, it may cost up to Rs 15 lakh. This includes the expenses from land to installation of the charging point.
How much money is earned from EV Charging Station?
If you install a 3000 kilowatt charging station, you earn Rs 2.5 per kilowatt. According to this, you can easily earn up to Rs 7500 in a day. That means you can earn up to Rs 2.25 lakh in a month. After taking out all the expenses, you can easily earn Rs 1.5 lakh to Rs 1.75 lakh per month from this business. However, if the capacity of the charging station is increased, this earning can reach up to Rs 10 lakh per month.
How much competition is there in EV Charging Station business?
EV Charging Station is a new concept, currently there is no big competition in this business idea, this is a business idea in which you can earn money without any competition!