The coming decade is expected to be the decade of the fully electric car. The International Energy Agency cites that by 2020 up to 20 million electric vehicles will ply the road, a number that is expected to go up to 70 million by 2025. India has a lot to gain from the widespread adoption of e-mobility. Electrification will help reduce vehicular emissions, a key contributor to air pollution which causes an average 3% GDP loss every year. The National Electric Mobility Mission Plan (NEMMP) 2020 and Faster Adoption and Manufacturing of Hybrid and Electric Vehicles (FAME) scheme were both announced in aspiration of an electric-only future for automobiles by 2030. So, starting an Electric Vehicle (EV) charging station will be very much profitable also as the demand for an electric vehicle is increasing the necessity of charging stations will be very much useful.
India's electric vehicle market is projected to grow at a CAGR of over 37%, during FY2018-FY2023. India can play a lead role in it by switching over the EV mobility to ensure a greener and cleaner ecology. Under the Make In India program, the manufacturing of e-vehicles and their associated components is expected to increase the share of manufacturing in India’s GDP to 25% by 2022.
Benefits of Buying an EV (Electric Car) in India
- Low maintenance costs – The first reason to buy an EV is the maintenance cost. If you buy a car with an IC engine, it will have more mechanical parts and therefore will have more complexities and difficulty in maintenance. EVs are easy and cheaper to maintain because of their simple structure and operations.
- EVs have NO noise of their own – Another benefit that an EV can deliver is the silent functioning capability. No engine’s why there is no noise as well. EV can always provide you with a more comfortable ride because of its completely silent operation.
- Low running costs – Another major advantage that EVs deliver over conventional IC engine cars is the running cost.
- NO more fuel price hikes – When you buy an EV you will no longer have to worry about the daily variation of petrol and diesel prices. While the government changes the fuel price depending upon the global prices, you will no longer have to worry because you don’t need fuel anymore.
- Convenient charging at home - you may face a huge crowd at the fuel stations during peak hours. EVs are a major advantage in this case where you can simply plug in your vehicle at your home for 4-5 hours and you are ready to move again without any delay. EVs are nowadays also come with charging capabilities which allows them to charge within 60 mins.
- Easy to drive – EVs are an absolute pleasure to drive because you don’t have to operate the gear mechanisms. You only have to use a set of buttons that will increase or decrease the speed.
- Environment friendly – If you will buying to buy an EV, you are doing good for environment. Buying an EV can reduce the footprint because there will be no emissions. EVs are now the most eco-friendly modes of transport available in the market.
- Comfortable cabin and more storage options – In the EV you will get better legroom. Although the front section can offer you a better storage space because the gear lever is not there. The storage options also increase, there can be a storage option in the front under the hood as there is no fuel engine.
- Government incentives – The benefits of buying are not limited to the vehicle itself. Delhi Government also wants you to buy an EV because EVs are the future.
- EVs are future proof – Fossil fuels are about to end anytime and it’s not a fair decision to exhaust all the fossil fuels while we live our life. Electricity is also generated from fossil fuels but we are slowly moving towards a renewable source of energy which is the future. We save solar energy and wind energy which are renewable and do not cause pollution too.
Requirements for EV Public Charging Station (PSA) Installation
- Parking space for electric cars
- No fewer than five ISO-certified charging machines (refer to the table below for a detailed representation of the required machines)
|Charger Types||Charger Connectors||Rated Voltage||Number of Charging Points|
|Fast||CCS(min 50 kW)||200-1000 V||1/1 CG|
|CHAdeMO(min 50 KW)||200-1000 V||1/1 CG|
|Type-2 AC (min 22 KW)||380-480 V||1/1 CG|
|Slow/Moderate||Bharat DC-001(15KW)||72-200 V||1/1 CG|
|Bharat AC-001||230 V||3/3 CG of 3.3 KW each|
- Space for the charging machines
- One transformer
- Cable transmission
- The area where charging stations are assigned must be safe and secure
- Has at least 5 charging machines
Types of Vehicles Can Be Charged at PSAs
You can charge 2 wheelers, 3 wheelers, 4 wheelers, buses, and other heavy vehicles. But the basic requirement is you must have space for the parking of vehicles which come for charging. Generally, the three first types of vehicles are easier to be charged in comparison with big ones since the former requires less space for parking.
Buses or other heavy-duty electric vehicles need a large space for charging and also require the following requirements:
- At least two chargers of a minimum 100 KW, each of different specifications (CSS, CHAdeMO) is necessary to install.
- Appropriate Liquid Cooled Cables in high-speed charging facility for Fluid Cooled Batteries’ onboard charging
- On FCS(Fast Charging Stations) for heavy electric vehicles, it must have battery swapping facilities for meeting the requirements of the charging station
Cost of Charging Stations
The electric car charging installation cost varies, depending on the following factors:
- Rent of Land
- Charging machines
- Electric Connections
- The software Management team
- Branding/ Marketing
- Maintenance Top EV Charging Solution providers in India
Required Locations of PCSs
- At least one charging station must be installed in a 3x3-kilometer grid.
- One charging station must be set up every 25 kilometers on highways/roads’ both sides.
- For long-range and heavy EVs, one Fast Charging Station should also be available on each side of the highways.
- In cities, charging stations should be located within Transport Nagars and bus depots.
- The appropriate authorities (State/Central/UTs) can also give priority to the current retail outlets (ROs) of Oil Marketing Companies (OMCs) in the permission to install of PCSs.
India Electric Car Market
The Indian electric car market size was valued at $71.1 million in 2017 and is projected to reach $707.4 million by 2025, witnessing a CAGR of 34.5% during the forecast period. Government schemes and subsidies are playing a major role in the growth of the market.
Based on technology, the Indian electric car market has been categorized into battery electric vehicles (BEV), plug-in hybrid electric vehicles (PHEV), and hybrid electric vehicles (HEV). BEV category held the largest share in the Indian market, contributing over 70% sales volume in 2017.
Based on battery, the Indian electric car market has been classified:
- Lithium-Iron-Phosphate (LFP)
- Lithium–Nickel–Manganese Cobalt Oxide (Li-NMC)
Others category include:
- Lithium–Titanate Oxide (LTO) battery
- Lithium–Nickel–Cobalt–Aluminum oxide (NCA) battery
- Nickel–metal hydride (NiMH) battery
- Lead-acid battery
LFP battery-based electric car was the largest category in the market, contributing over 65% sales volume in 2017, owing to the benefits such as high current rating, thermal stability and safety levels, and long cycle life.
Union road transport & highways minister Nitin Gadkari reaffirmed India’s potential to become a major manufacturing hub for electric vehicles in the next five years. He said the world is no more interested in doing business with China, which is a very good opportunity for the Indian industry to pick up the shift in business.
Must have tools for startups - Recommended by StartupTalky
Subscribe to StartupTalky
Get the latest insights delivered to you right in your inbox