The craze for Electric Vehicle (EV) is now gradually increasing in the country. After Tata Motors, Mahindra has revealed its future planning by launching powerful vehicles like XEV 9e and BE 6e. Ola and Honda have also launched their new models in the 2-wheeler segment. All these vehicles will need charging, so you too can earn huge income by setting up a charging station.
Yes, if your house is connected to an on-road or highway, then you can earn a good amount of money by installing a charging station. Let us give you information about its cost, income from it and how to invest it.
Need an EV charging station?
In electric vehicles, you cannot refuel within 5 minutes like at a petrol pump and continue your journey further. The limit of how far each electric vehicle can go on a single charge is decided according to its battery capacity. In such a situation, if your electric vehicle suddenly stops or its charging stops, then charging it with a normal household charger can be a very time-consuming task. In such a situation, charging stations work at high capacity to charge the vehicle in less time.
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EV charging stations and their installation costs
First of all, you should know what types of charging stations there are. It depends on the capacity of the charger installed there. For example, if you install a charger of less than 3.5 kW power, then 240 voltage current will also work for it. This charger will support all types of electric vehicles, 2 wheeler, 3 wheeler and 4 wheeler. Such chargers are called Level-1 (AC) and the cost of installing them ranges from Rs 15,000 to Rs 30,000.
Similarly, Level-2 (AC) chargers are used at 300-400 voltage current. These have less than 22 kW power. Here also all three types of vehicles can be charged. Their cost ranges from Rs 50,000 to Rs 1,00,000.
Level-3(DC) chargers are installed only for 4 wheelers. These work on 200 to 1000 voltage. Their power ranges from 50 to 150 kW. Their cost ranges from Rs 5 lakh to Rs 15 lakh. These are usually installed along the highway. It also has fast DC chargers, which can easily charge vehicles like buses and trucks. Their cost can range from Rs 10 lakh to Rs 50 lakh. A transformer also has to be installed along with the DC charger.
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How will the charger generate bumper earnings?
On EV charger, people pay you according to the charging of each unit. Generally you can charge Rs 10 to 20 per unit (kWh). In such a situation, if there is charging of 300 units daily at your charging station and you also charge Rs 12 per unit, then your monthly earning will be up to Rs 1,08,000.
Not only this, you can offer annual and monthly subscription. You can also earn extra money by placing advertisements etc. on charging stations. You can also provide access to a café or lounge to wait at a location near you.