Setting up a charging station is a very profitable business vertical to go in but not if not done correctly it can cost you a lot of money. While everyone from the government to big corporations is jumping straight into this business and investing in this sector.
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The electric vehicle and charging station is seen as one of the most growing as well as profitable niches to invest in. So, if you too choose to ride this trend and start a charging station you may find plenty of resources out there telling you what to do but what is equally important is knowing what not to do, and with this article, I’m gonna break the ice and tell you the common mistakes one commit while setting up a charging station.
- Not Doing Market Research:
Market research is crucial before setting up a charging station. You need to analyze the area, existing facilities, consumer demographics, and potential EV users. This will help determine the type of charging station, the number of charging points, and the location. Avoid taking a random decision based on guesswork. Spend time understanding the user needs and gaps in the existing infrastructure.
- Opting for Slow Chargers to Save Costs:
While slow chargers are cheaper to install, they take too much time to charge the EVs. Consumers prefer fast charging so their waiting time is less. Avoid installing too many slow chargers just to cut costs. Analyze the user patterns and strike the right balance between fast and slow chargers. You can also install CCS, Chademo or GB/T to support a range of EV models.
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- Not Considering Scalability:
Your charging station must be scalable to meet the future demands. As EV adoption increases, you need to be able to expand the station with more charging points. Ensure your electrical setup has enough power capacity and space to add more chargers. Start small but have a plan to scale up as needed.
- Ignoring Security Measures:
Security is paramount for any public charging facility. CCTV cameras, alarms, and citing stations in visible locations is crucial. You also need protocols for authentication, payment collections, and maintaining the equipment. A charging station that lacks security deters consumers. Plan these measures right from the planning stage.
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- Choosing Wrong Locations:
Location plays a major role in the success of charging stations. Set up stations where users need them, like residential complexes, highways, malls, etc. Also factor in ease of access, visibility, and ease of electrical connections. Don’t set up stations in isolated areas or where there is lack of space. Partnering with malls or rest stops can make the station more popular.
Setting up a charging station needs careful planning and preparation. Avoid these common mistakes like inadequate research, ignoring scalability, compromising on security, and choosing wrong locations. Analyze consumer needs, understand EV trends, and seek expert guidance whenever required. This will help set up a station that serves users conveniently and meets the growing charging demands. With some due diligence and planning, you can make your charging station a success.
