How to Start a Profitable EV Charging Station Franchise in India?
Nowadays, at the time bunches of awareness campaigns are happening for pollution, global warming, and many more environment-related issues EV marketing is booming.
Starting an EV charging station franchise is a profitable business opportunity, especially as the government and car manufacturers push for cleaner, greener energy alternatives. In today’s blog, we will have a look at how to start a profitable EV charging station franchise in India? For more click here
Steps to Start an EV Charging Station Franchise
•Before going into this field do good research about this market and have a look at do’s and don’t for this industry.
• Select the right franchise who is having a stronghold in this EV industry. (Tata Power EV Charging, Fortum India, Magenta ChargeGrid, Energy Efficiency Services Limited)
• Select the perfect location as the location is key to a profitable EV charging station.
• Investment in EV Charging Stations varies on many factors like franchise cost, location, equipment, and others. The Total average investment on EV Charging Stations can range from ₹20 lakhs to ₹50 lakhs, depending on the scale of the operation.
• For running an EV Charging Station requires licensing and legal approvals such as approvals from the Ministry of Power, Electricity supply agreements, and Environmental clearances (if needed, based on your location).