Income model for EV public charging station in India

This paper provides the scope for installing the public charging station (PCS) across India by suggesting an income model and cost estimates for setting up a typical PCS in India. The income model details the capital and operating expenses of a typical public electric vehicle (EV) charging station that would be installed in India and is based on the requirements and guidelines of the Ministry of Power, Govt. of India. The paper finally concludes that the net revenue generated from the PCS business is Rs. 18 lakhs over 5 years including initial capital costs and projected operating costs of Rs. 29.55 lakhs and Rs. 9.72 lakhs, respectively. This income model can help enable the EV charging ecosystem for faster electric vehicle adoption in India.