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Starting a buisness electric vehicle charging station

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Starting a buisness electric vehicle charging station

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An electric vehicle charging station is equipment that connects an electric vehicle (EV) to a source of electricity to recharge electric cars.

An electric vehicle charging station is equipment that connects an electric vehicle (EV) to a source of electricity to recharge electric cars.

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Starting a buisness electric vehicle charging station

  1. 1. GOVERNMENT ENGINEERING COLLEGE BHARUCH 160140119046 Mukul chandak 160140119048 Neupane Manoj 160140119050 Panchani Deep 160140119052 Pandya Deep 160140119055 Patel Abhi Presented By: Subject : Entrepreneurship (2182923) Topic : Starting a Electric Car Charging Station Providing Business 1
  2. 2. Contents Introduction to the business Risk Associated with the business Market Reasearch and Areas of implementation Making relation with appropriate manufacturers Getting certification from authorities Investements Revenue generation Customer attraction Conclusion 2
  3. 3. Introduction to the business  An electric vehicle charging station is equipment that connects an electric vehicle (EV) to a source of electricity to recharge electric cars.  Traditional cars have a negative impact on the environment as a result of fuel consumption and consequent emissions of CO2, leading to air pollution.As EV cars enable a 40% cut in CO2 emissions, there’s no doubt that they will be the future of public transport.  One of the major hurdles which is keeping the use of EV's is the lack of public charging infrastructure. Hence in order to utilize the future's entreprenuial oppurtunity, this business can be fruitful. 3
  4. 4.  Till date, most EV owners have been charging from their homes or offices. However, as the adoption goes up, there will be a requirement of public charging infrastructure.  While earlier, the charging stations were majorly dominated by the government-run companies such as EESL or major industry players such as TATA Power, but now the tables have turned. 4
  5. 5. Risk Associated with the business  This business depends upon the sales of Electric vehicles.  The EV charged vehicles have short range and charging takes time.  Car charging is often a small side business for some companies.  Technology change - Newer faster charging technology is disrupting some slower charging technology.  Management and currency risks.  The usual stock market risks (liquidity, sentiment etc.). 5
  6. 6. Market research and area of implementation  Market Research - First of all before the implementation of the business it is necessary to carry out the market research. So, through the market research it is found that the Indian governmet stated that by the year 2030 all the vehicles in the road will transform from internal combustion engine to the electric vehicles. Hence, it is a perfect oppurtunity for an entreprenuer to takeover this business.  Also it was found that the number of vehicles sold in India doubled in year 2017 as of 2016, So, we can consider a tremendous increase in the sale of electric vehicles in the coming years in India. 6
  7. 7. The graph showing number of Electric Vehicles sold in the respective years in India : 7
  8. 8.  Area of Implementation  For the implementation of electric charging stations we need to identify the areas with maximum number of Electric vehicles.  As of now in India, UP leads the race with Delhi on the second spot of maximum no. of EV's sold. Various automobie companies like TATA Motors, Mahindra, Hyundai, etc have came with the agenda to make electric Inroads in the cities like Noida, Lucknow, South Delhi, etc. 8
  9. 9. Relations with the Manufacturers  It is essential to make up relations with some core EV charger producers of the region of implementation. Some of the manufacturers of India are listed below: 1. ECOYAN. 2. Tata Motors. 3. Ather Grid. 4. Exicom. 5. Delta Electronics. 6. ABB. 7. Fortum India. 8. Magenta Power. 9
  10. 10. Certification from authorities  Apart from hardware and technological needs we also need to get some local certifications and clearences coming from government. Also, setting up the EV charging business does not require any license but evrey state have different power compliances.  EVCS Certification Program ensures that charge station hardware complies with the Open Charge Point Protocol (OCPP), an internationally established, open-standards-based protocol for communication between electric vehicle EV charge station hardware and charge station networks. 10
  11. 11.  Minimum Requirements for setting up EV station According to the government of India every Public Charging Station (PCS) shall have the following Infrastructure : i. An Exclusive transformer with all related substation equipment including safety appliance. ii. 33/11 KV line/cables with associated equipment including as needed for line terminating/metering etc. iii. Appropriate civil works iv. Adequate space for Charging and entry/exit of vehicles. 11
  12. 12. Investment  Typically a minimum investment of about 30 Lakhs is needed to start a EV station. Now Breaking up this cost there would be 5 heads under which these cost would come. 1. Installation of the charger 2. Maintenence of the charger 3. Local Certifications 4. Electricity cost 5. Manpower cost 12
  13. 13. EV Charging Station INR 30 Lakh Installation Maintenance Local Certifications Investments Distribution Electricity Manpower 13
  14. 14. Revenue Generation • Revenue projection from the PCS business is calculated in the next table based on the following assumptions: • 20 hours of charging operations for 30 days/month • Capacity Utilization Factor (CUF) of PCS setup considered at 15% for Year-1, 25% for Year-2, 40% for Year-3, 65% for Year-4 and 85% for Year-5 (optimistic scenario) • Electricity tariff to the DISCOM is considered as pass through to consumer • A margin of Rs 2.5 on electricity tariff is considered in Scenario-A • A margin of Rs 3 in first & second year, Rs 2.5 in third & fourth year and Rs 2 from fifth year on wards is considered in Scenario-B • EVSE Management Software fee considered @10% of net margin on electricity tariff 14
  15. 15. Description Year-1 15% CUF Year-2 25% CUF Year-3 40% CUF Year-4 65% CUF Year-5 85% CUF Total in 5 Years Electricity sold to EV's per year (KWh): Per days maximum: 3240 x days per year: 360 consider as 100% CUF 174960 291600 466560 758160 991440 2682720 Estimated Revenue (Inr) Scenario - A Margin on Elecricity Tarrif - rs 2.5 437400 729000 1166400 1895400 2478600 6706800 Scenario - B Margin on electricity tarrif in 1st and 2nd year - rs 3 3rd and 4th year - rs 2.5 5th year onwards - rs 2.0 524880 874800 1166400 1895400 1982880 6444360 OPEX from table 1 - 972000 822000 822000 822000 822000 4260000 EVSE Management Software fee 10% on margin 670680 Total OPEX Scenario - A 4930680 EVSE Management Software fee 10% on margin 644436 Total OPEX Scenario - B 4904436 Net Revenue Scenario - A 1776120 Net Revenue Scenario - B 1539924
  16. 16. Customer Attraction  Even for small businesses that put up only one or two charging stations, business owners can expect an increase in customer traffic from EV drivers.  Hybrid and all-electric car owners are more than likely to look for a specific store or even restaurant where they can easily plug in and charge their car during regular visits.  As the EV market keeps growing, businesses can take advantage of the opportunities that EV charging stations offer to attract even more customers and increase their average value.  With increased customer traffic, business owners can even:  Increase the number of charging stations;  Introduce incentives for EV drivers;  Make their business place the ultimate meeting spot for EV enthusiasts. 16
  17. 17. Conclusion  Traditional cars have a negative impact on the environment as a result of fuel consumption and consequent emissions of CO2, leading to air pollution. These emissions are widely accepted as a trigger for global warming and legislation such as the Climate Change Act 2008 has been introduced to bring this under control. Hybrid vehicles generate significantly reduced emissions and EV cars produce none at all.  As India is a Country with vast rodal network, It wants to boost the popularity of EV's. India's government came up with the agenda of making the whole country use EV's by the end of 2030.  Hence, this is the oppurtunity to take over the market with providing EV charging facilities all over the nation. 17
  18. 18. THANK YOU 18

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