Updated on Jun 12, 2023 | 5 min read
In the context of the current boom in the electric car market, public charging stations have become a hot topic of discussion. Many people want to invest in this business and reap benefit from it. Contributing to an electric vehicle will not only lead you to a responsible business, but also to a profitable and lucrative business opportunity. The Indian government is targeting 100% adoption of electric vehicles by the end of this decade, and electric vehicles are gaining traction in the 2W and 3W segments, mainly electric trucks, auto rickshaws, scooters.
Government of India has marked out the Infrastructure requirements to be able to host a public charging station:
An EV charging station can cost anywhere from 1 Lakh to 30-40 Lakhs depending upon your chargers and budget choice.
Cost estimate for type of chargers
EVs are the growing segment of India that will gain more and more popularity with time. With the Government’s plan of adding 2600 EV charging stations in 62 cities under the FAME II scheme, there is a massive demand for a Public Charging Station. An EV Charging space is a growing necessity of consumers and caters towards a profitable venture despite the significant investment.
Content Writer
© 2024 Massive Mobility Private Limited. All rights Reserved