Investing in electric vehicle charging stations has become a profitable business as electric vehicles continue to capture a growing share of the market. However, before making any investment, it’s important to know the cost of a commercial plug-in car charging station. Conducting thorough research can help us make informed decisions.
The price of a commercial electric vehicle (EV) charging station can fluctuate depending on various factors, including fees for renting the site, EV charger station equipment cost, construction expenses, costs of expanding the power grid, and labor costs. I will use a Chinese EV charging station as an example. Assuming 10 sets of 120KW dual-port DC EV chargers. Analyze the approximate cost of owning a EV charging station based on the following 7 factors.
1, The EV Charger Station equipment cost.
The market price for a 120KW dual-port DC EV charger is approximately 10,000 USD. Therefore, the total investment required for 10 units would be 100,000 USD. While there may be cheaper charging stations available, we do not recommend purchasing low-priced devices due to concerns about their stability and durability.
2, The Transformer box Cost.
Ten 120KW EV chargers need to be equipped with one 1,250 kVA transformer box, or two 800 kVA transformer boxes. The investment in this part is about US$60,000-70,000, depending on the region.
Please note that we assume the electric charger station near you has sufficient electrical capacity. If not, we recommend that you contact your local electrical company to determine how much you need to pay and when the company will complete the electrical project to increase your capacity.
3, The cost of infrastructure for EV charging stations.
The cost of construction for civil projects varies depending on the specific conditions of the site. In some cases, we may need to construct public facilities such as restrooms, convenience stores, car repair shops, and restaurants. Additionally, we need to reinforce the site and build tempered awnings, among other things. Generally, this cost falls between US$20,000 — US$40,000.
4, The EV charging station site rental cost.
10 electric vehicle charging Points need to cover at least 20 parking spaces, and rents vary depending on the region. Rent in big cities generally ranges from US$1,800 to US$2,500 per month, and rent in smaller cities is not low either, at least US$1,000 per month. Calculated on a yearly basis, the rent is at least US$12,000 to US$30,000.
5, The cost of the monitoring system and gate system.
The investment in the EV charging station monitoring system and gate access control system is approximately US$5,000.
6, Labor cost.
One employee is required to maintain, sanitize, and handle emergencies at an EV charging station with 10 charging points. The cost of labor work for EV charger stations in China is approximately US$18,000 per year.
7, The cost of CSMS and ads for an EV charger station.
The management system for EV charge stations consists of several components, including a payment system, a user application, and an energy management system. To promote your business, consider advertising through online channels, social media, local community outreach, and collaborations with EV-related organizations.
In total, an individual needs approximately US$250,000 to build 10 sets of 120KW EV charging stations. The cost can be reduced if the site and transformer box are already owned.
Besides, Government subsidies in different regions reduce the cost of charging stations.
The article discusses the cost of owning a 1200KW charging station in China. However, it’s important to note that the cost may differ depending on the country or region. Therefore, it’s recommended to analyze the cost of owning a charging station based on the 7 factors mentioned in the article, along with the local conditions.
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