Mr. PM Singh Vice President, Exicom Tele-Systems Limited
1 Electric car servicing garage
Electric car service is entirely different from internal combustion engine vehicle service. Electric motor repair, Inverter repair etc. would be part of the servicing garage
2 EV Charging Station
Another electric car related business opportunity is EV charging station. Electric car charging stations can be developed and installed as per the standards accepted in the area where it is installed. Home based charging stations, private charging stations are other opportunities in electrical car related business.
3 EV Charging Station Management
EV charging station management and repair would be a profitable business. If number of charging stations increase, the possibilities to start and run a complete charging station management is high. A group of different charging stations might be installed together and localized repair and maintenance would be the best solution
4 Electrical work shop for electrical vehicle
Electrical work shop to repair and do electrical related work on electric car is a good business. Electrical motor, circuits etc. would be parts covered by the workshop
5 Home Charging Station Setup Service
Level 1 chargers are generally available with the electric vehicle. But Level 2 chargers are not always available. But they are necessary to fast charge electric car. A home charging stations setup service can be started as a business.
6 Charging Station Setup Training Service
Electric car charging station setup training center can be started to teach EV charging station service. Charging station setup training service shall be started along with charging station repair business.
7 Spare Parts Manufacturing/selling
Electric vehicle and Electrical vehicle charger spare parts manufacturing or selling is another business that can be started. It’s also good to sell spare parts after importing from the manufacturing units
8 Electric car battery shop
Battery replacement is necessary in electric vehicles in almost 5 to 10 years. Electric car battery sales shop would be profitable venture as the number EVs increases.
9 Mobile Electric Cars Repair Services
Electric car repair stations that can be availed at the location where the car brakes down would be helpful. The person who knows electric car repair can easily start the business and promote the business through advertisements.
10 Portable Charging Station
Electric car charging stations are not available all places. There is a place for portable charging station to charge electric cars at emergencies. The business can be started along with other businesses.
11 Solar charging station installation centre
Electric vehicle charging station that uses energy from sun is a solution for high electricity demand of charging stations. Installation of solar based home, or private charging stations require expertise. There is a good business opportunity.
Mr. Nilesh Bhoir, Founder, HRE-EV
At this moment, there are numerous business opportunities for building EV Charging stations as it becomes income source once complete setup is done.
Few business opportunities that have recently popped up are listed below….
1. Central government announced Rs. 6 per KW. Finding a location, getting the rate from DISCOM and consulting for setting up EV charging station can be great business opportunity.
2. Chargers prices have been reduced due to lower GST. This is extra factor that will helps to reduce the setup cost.
3. Setting up fast charging station along with android or IOS app is the key in getting first to market. Few guys have already done this and in process of expanding, and there is lot of room to expand.