EV Charging Point Installation: The electric market in the country is growing rapidly. It can be guessed that after Tata-Mahindra, big companies like Maruti and Hyundai are also focusing on this segment. At the same time, Tesla is now going to come to India. In such a situation, if you are thinking of earning by setting up a charging station, then you can know about this process step-by-step.
Space is needed for parking
To set up an EV charging station, if you have a land where 4 to 5 vehicles can be easily parked, apart from this, if the land is on the road, then this location will prove to be perfect for the charging station. If you want, you can also earn a good income from this charging station. If you get 4 to 5 charging points installed, then your earnings will be many times more.
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How much will it cost to set up a charging station?
At the same time, to get a charging station installed, you can take plans from different EV charging companies. It includes many names like Tata Power, Charge Zone, PlugNow, and Charge My Gaddi. Some companies also offer to set up battery swapping stations on a partnership basis. For this, 1 lakh to 10 lakh rupees will be required. A charging station for an e-rickshaw can be set up for 25 thousand to 5 lakh rupees. Governments are giving subsidies for setting up charging stations.
The cost of the charger is as follows
The price of Bharat AC is 65 thousand rupees, and Bharat DC is 247000 rupees. The price of Type 2 AC is 1 lakh 20 thousand rupees, and the price of CCS is 14 lakh rupees. Many chargers in it are only for fast charging. On installing the charger, you also have to bear the cost of electricity. For this, electricity is available at a commercial rate. However, you can take out this cost by charging for payment and making extra income.
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How will you earn income from the charging station?
In a charging station, you get income according to each unit. You have to bear the cost per unit according to the company whose charger you install. In this, you have to calculate the space, commission, and electricity cost, etc., in which the charge per unit is decided.
Let us tell you that if you install an EV charging station, then you can generate an income of up to 2 thousand rupees daily based on its use. This is the income after deducting all the expenses.
Which documents will be required?
At the same time, the most important documents you need to install a charging station are property papers, a lease, and rent papers, a PAN card, a GST number, an Aadhar card, and a bank account.