As India assesses the potential of a sustainable future following the fourth industrial revolution, technological breakthroughs such as electric automobiles are dominating most debates.
The advent of charging stations is quickly becoming a game-changer in the Indian business world. It's going to be similar to opening a petrol pump that has limitless and everlasting business potential in India. Charging stations are on their way to expanding and grabbing the global market in the coming years.
Need for a charging station;
Businesses are increasingly going digital to break the cycle of escalating pollution and limit the usage of natural resources, which raises CO2 emissions in our environment. Currently, our country is riding the EV wave. According to data from the Union Ministry of Road Transport and Highways, total registered EV volumes across all segments combined reached 3.13 lakh units in 2021. It goes on to say that registered EV sales will surpass one lakh in just two months in 2022. According to the NIT I AYO report, the country is aiming for a 30% market share in the EV industry by 2030. All of these figures show that India is steadily moving toward an EV revolution.
To begin, let us define the services supplied by the charging station. Motorcycles, scooters, and other electric vehicles on city streets. Prior, electric vehicles were charged at home. However, not all locations offer a dedicated charging station. However, as technology advances, firms are now establishing charging stations, in parking lots or on the road to facilitate charging services.
Cost of setting up a charging station;
There are two components of expenditure which decide the financial viability of any business, namely -the capital and operational expenditure. The operational expenses of running any business are also very critical for its sustenance. In case of charging stations, there are practically no fixed operational expenses.
The Indian government has concluded that no license is required to build charging infrastructure as long as it meets the 'Ministry of Power' standards. As a result, there is no need for a special permission to transmit, distribute, or exchange power for the purpose of charging electric car batteries. As a result, the expense of constructing EV charging stations is limited to chargers, electricity, software, infrastructure, advertising, employees, and maintenance.
According to experts, the typical cost of installing an EVs charging point ranges between Rs 1 lakh to Rs 50 lakh, depending on the type of chargers installed. Standard expenses include the cost of a new electrical connection, civil work, technicians and workers, maintenance, advertising, marketing, EVs management software and integration, and site contract.
Types of EV chargers
There are two types of EV chargers based on type of current. The AC charges are comparatively slow chargers and DC has a range of fast charging capabilities. Further these chargers are categorized by the protocol they use like the CCS, chemo, GB /T. Where CCS comes from the European background, the chemo comes from Japan, while GB/T is a Chinese protocol. Use of this technology in the charging system depends upon the market demand. In India, mostly EVs are on the CCS protocol.
Fast Chargers
These are fast chargers for any EV and are usually positioned along major roads throughout the country. The devices deliver high-power direct current (DC) to quickly recharge an EV. Fast chargers can be used with vehicles that have high battery capacity that are capable of rapid charging. Hence, two and three vehicles do not have the provision of fast charging. This machine capacity generally ranges from 15 kw to 150 kW. However, the fast charging also depends upon the capacity of the EV to take charge in a specified time. These can be installed at places where there can be a provision of high-power availability.
Slow Chargers
The AC chargers provide slow charging for the EVs. These slow chargers require less power and hence can be installed at any domestic complexes easily. However, they require an average time of 6-14 hours. They are cheaper and easy to handle. Mostly two and three-wheeler EVs use these type of chargers.
You must be logged in to post a comment.