Written By: Yukta Palekar

Indian government has published Advice for EV charging structure, stressing the note of adequate infrastructure to expedite EV adoption. If they meet the technical performance requirements, public charging stations (PCS) can be installed. Understanding the business model is critical to determine whether EV charging station franchise businesses can be set up in India.

EV Charging Station Franchise Business Model

A company that applies the EV charging station business model wants to make money and earn profits from its activities. It includes components, objectives, revenues and costs. Different combinations result in different firm models.

A good business plan is necessary for any EV Charging Station Company including EV charging solution suppliers, manufacturers, owners and consumers. This will facilitate the growth of the ecosystem and enable enough revenues to cover vacant parking space cost.

The government stresses financial, operational as well as economic sustainability within EV charging station industry.

The EV charging industry is revolutionizing transportation through affordable and eco-friendly choices. India is embracing electric vehicles in line with other nations such as US, UK, Canada and Australia which are experiencing growth in the use of these kind of cars.

To introduce this company, an inclusive project report should be done that includes investments, equipment, market scope, return on investment (ROI), supplier relationships and SWOT analysis.

The said report can be changed to fulfill certain needs. In selling the volume of business expenses incurred for EV charging include capital costs associated with grid connection; equipment installation and maintenance; operational costs related to destructions, repairs and inspections; interests paid for loan as well as equity returns.

India's rising EV market demand

The advantages of electric cars (EVs) for the environment and their affordability are driving up demand for EVs in India. Rising petrol prices and government EV subsidies are the key causes. Several factors suggest that investing in an electric car charging station franchise in India can yield lucrative returns.. Important drivers include

• the growing demand for electric vehicles (EVs),
• government subsidies, low operating costs, sustainability,
• and growth potential.

The company may become more successful if government incentives and subsidies are provided for EV infrastructure. By drawing clients who care about the environment, EV charging stations help advance sustainability.

Also Read: How ESYGO wins Startup awards.

Which are the three types of EV charging?

• Trickle Charge depends on a simple 120-volt charger and is basically the least prompt one supplying 5 miles each hour. This methodology should be employed to address rapid situations and must be discussed with power companies.
• AC Charge utilizes a 240-volt alternating current system that can charge three to four times faster than trickle charge. Such chargers are usually used in homes and they charge at the same speed as home systems do.
• The quickness of recharging an EV unit is determined by Direct Current (DC) fast chargers offering the fastest means of loading them towards full battery potential. They have a 480-volt direct current socket which bypasses the onboard charger and feeds direct current into the battery through a special port. DC Fast Chargers give 40 miles for every ten minutes of charge but are not compatible with all cars

India's Top 4 Greatest Franchises for Electronic Vehicle Charging Stations

Tata Power Franchise:

More than 1,000 charging stations are located in 180 cities and more than 15 states thanks to Tata Power Franchise, a top producer of EV charging stations in India. A ₹1-2 Lakh franchising charge adds to the franchise's cost, which ranges from ₹5–20 Lakhs.

Charzer Franchise:

A Bangalore-based firm called Charzer provides small businesses, eateries, shopping centers, and societies with reasonably priced portable Kirana chargers. Vehicle pricing may generate income for owners and draw in new clients. Charzer set in 2020 and also franchising since then. There is no franchise fee and an investment requirement of ₹5–6 lakhs. It is possible to use the charges every hour, day, or month.

Alpha EV Franchise:

With more than 35 years of expertise, they strive to outperform prospects and industry standards. In order to meet India's power needs, they provide AC chargers for residences, businesses, restaurants, cafes, and plants. They were founded in 2020 and demand a ₹1-2 lakh franchise fee in addition to an investment of ₹10–15 lakhs.

Charz UP Franchise: 

Set up in India, Charz UP is a franchise for car charging stations having a sizable network of stations using only renewable energy sources. ₹10–15 lakhs for an investment and ₹2–5 lakhs for a franchising fee, it was founded in 2022 and has been in franchising since 2022. The franchise has 250–500 square foot locations available.

Start an EV charging station Franchise

To establish an EV charging station franchise in India, there are some steps you must follow.

• Firstly, the government has set technical standards to ensure safety and compatibility with EVs.
• The Public Charging Stationneeds to conform fully to the performance and standards requirements issued by the government.
• There exist four main government policies on EV charging stations: FAME Scheme, NEMMP, Green Energy Corridor, and NEMP.
• These policies are to encourage use of electrical vehicles and create enabling environment for their adoption.
• Ministry of Power and Niti Aayog’s strategy is to install EV charging stations at every 25 km along highways & roads while promoting electric vehicles for shared mobility/public transport thus reducing pollution.
•  
• For sustainability purposes, it is important that you examine the policies relating to EV charging as well as identify an appropriate partner.
• This usually involves tariff structure, accessibility of charging stations, interoperability, modes of payment, parking rules/regulations, reservation systems or queue management systems if any, security/safety standard maintained along with its impact on environment.
• The right partner selection is by considering things like their experience in this area as well as checking whether they are reliable enough and have good network coverage.
• Choose partners who meet government regulations and offer attractive prices too.
• A strong partnership will guarantee success as well as being sustainable

Market Capacity of EV charging station Business

Top EV Charging Station Locations The state with the most public EV charging stations is Karnataka. The Bengaluru has 4,281 EV Charging stations.

Important Growth Accelerators initiatives by the government. the assistance of oil PSUs. growing number of people using electric cars.

Growth in Sales of Electric Vehicles Sales of electric two-wheelers increased from 2,005 to 944,126 during FY17–18 and FY23–24. In FY23–24, 1,670,736 EVs sales. Global EV Battery Investment

Conclusion

EV charging station industry is going to change automotive completely – this is a statement by Brian Lakamp online with Chilton’s article “Governments will soon embrace cutting-edge technology.”

If you’re thinking about starting an EV charging station firm IID provides comprehensive data, industry films, professional advice and easy-to-follow instructions. With franchise bazaar access among other resources like industrial films; membership is available.

Give them a WhatsApp call at 09844443200 or go their website or alternatively register for a franchise.

FAQs

Q.1 How To Put in Place An Indian EV Charging Station Company? Conducting market research, securing licenses and permits, buying a charging device, establishing competitive rates, marketing, providing user-friendly services, taking into account renewable energy sources, guaranteeing dependability through regular maintenance, and providing payment options like e-wallets are all necessary when starting an EV charging station business in India.

Q.2. What is the Process to open an EV charging station? India's EV charging stations need to have licenses, adhere to regional zoning regulations, be clear for grid connectivity, and fulfill safety requirements. In order to encourage the use of electric vehicles, operators must also register with the government and adhere to pricing restrictions.

Q.3 Important obstacles in India's EV charging station industry? India's EV charging station market confronts obstacles such as inadequate infrastructure, expensive initial investment costs, regulatory limitations, and low customer awareness. Lack of charging stations, unstable power supply, and complicated permitting processes all impede growth. Building more charging stations and promoting the use of electric vehicles need raising public awareness and streamlining the legislation.

Q.4. How can I attract individuals to my EV charging station? Provide reasonable prices, a handy location, a user-friendly mobile app, first-rate customer support, and advertising on social media, online directories, and signage to draw people to your EV charging station. Take into account loyalty programs and partnerships with adjacent businesses to improve the general clientele experience.

Disclaimer: The brands mentioned in this blog are the recommendations provided by the author. FranchiseBAZAR does not claim to work with these brands / represent them / or are associated with them in any manner. Investors and prospective franchisees are to do their own due diligence before investing in any franchise business at their own risk and discretion. FranchiseBAZAR or its Directors disclaim any liability or risks arising out of any transactions that may take place due to the information provided in this blog.