Commercial EV charging stations are a new thing. There are still many people who don't fully understand it. After you read this article, I believe it can answer your question about 'how much does a commercial EV charging station cost?' It does include a lot of different types of costs.
I would like to start with how to make money. After all, if it is not profitable, no one will be willing to invest in this business. However, it must be admitted that a commercial EV charging station requires a lot of capital.
This is the core source of profit. Usually, the service fee is charged according to the charging volume. Set it according to your local situation. If there is little competition, you can increase it appropriately. If there is a lot of competition, you can reduce it appropriately. Let me take China as an example. The service fee per kilowatt-hour is between 0.5-2 yuan. Calculated based on the average daily charging volume of a single pile of 200 degrees and the service fee of 1 yuan/degree, the annual income of 10 chargers can reach about 730,000 yuan.
Many governments now offer certain policy subsidies in order to encourage the development of new energy-related businesses. These subsidies may include charging station construction subsidies, equipment subsidies, and operation subsidies. Therefore, make sure you pay attention to your local policies.
Supporting Services: Add convenience stores, car washes, and short-distance rentals, and increase customer unit price by more than 35%.
Data Monetization: Analyze user charging habits and provide data services for insurance and car companies.
Cooperate with parking lots, shopping malls and other places to share service fee income.
The EV charger is the core equipment of the charging station. Its cost varies according to power, function, and brand. Common commercial EV chargers range from 30kw-240kw. Their market price ranges from about $4000 to $11,000. If you are planning to build a station containing 10 chargers, then the equipment cost is around $40,000 to $110,000 dollars.
Learn more about TKT charging solutions
Including transformers, distribution cabinets, cables, and so on. The substation and distribution system is a key component of a commercial EV charging station. It is responsible for transferring power from the grid to the EV charger. After that, the EV charger makes voltage and current adjustments to meet the charging needs of EVs.
2.1, Transformers: convert high voltage to low voltage or low voltage to high voltage to accommodate chargers and electric vehicle charging.
2.2, Distribution Cabinet: plays a vital role in the transformer and distribution system. It is a device used in the power system to distribute, control, and protect electrical energy.
2.3, Lightning Arrester: Used to protect charger equipment from high voltage damage from over-falling lightning.
2.4, Cables: are used to transmit electrical energy from the grid to the charger equipment. They are a necessary transmission medium in charging sites.
With certain brands of commercial EV charging stations, it may be necessary to install a reactive power compensation device. This is used to adjust the reactive power in the power system to improve the power factor and stability of the system. If you choose our TKT, this is not necessary. This is because our DC chargers are equipped with an AC contactor. It takes up almost no reactive power on standby.
This part of the equipment varies greatly in price depending on the model and power. It is recommended that you communicate with your local team in advance.
Such as monitoring equipment, access control systems, lighting equipment, canopies, fire equipment, etc. This part of the facility is not mandatory equipment, please combine it with your comprehensive judgment of the use of the scene. This part of the cost varies according to the size and configuration.
Learn more: How to Choose DC Charger?
1, Lease: If your charging station site is leased, then rent will be a cost.
2, Purchase: If you plan to purchase land to build a commercial EV charging station, the land purchase cost will be a bigger investment.
3, Company-owned: If you are building on the company's own premises, then congratulations, this part of almost no input costs.
Charging stations involve high-voltage electricity, so you need to find a professional construction team. High-voltage electricity is very dangerous. There are two main costs associated with charging station construction.
1, Design, Planning, and Approval Fees: Before building a commercial EV charging station, you will need to design the site and then apply for a license from your local government department for a number of aspects, such as electrical access and fire safety. These tasks may incur certain costs, and the exact amount depends on local policies and requirements.
2, Engineering And Construction Costs: mainly including ground hardening construction, electrical facilities laying, waterproof facilities, etc. These costs depend on the specific conditions of your local area and the specific requirements of the construction site.
2.1, Ground Hardening: This is the foundation of charging station construction. The charging station needs to ensure that the ground is level, firm, and able to support the weight of vehicles and equipment.
2.2, Laying of Power Facilities: Cable is an important medium for power transmission. The construction team needs to lay them according to the design requirements to ensure the stability and safety of the power supply.
2.3, Waterproof Facility Construction: sun-proof canopy and drainage system. Sunproof canopies protect EV chargers and charging vehicles from rain while providing shade. This all adds to the service life of the equipment. The drainage system is to provide enough drainage space at the bottom of the EV charger, such as drainage holes and drainage pipes. This prevents rainwater from accumulating and backing up.
1, Electricity Cost: Charging stations need to consume a large amount of electricity to provide charging services. Electricity cost is an important operating cost. The cost of electricity depends on the local electricity price and the amount of electricity used by the charging station.
2, Operation and Maintenance Costs: Salaries of operating personnel and the cost of regular maintenance and upkeep of equipment such as chargers, transformers, and distribution systems.
3, Insurance Costs: in order to protect the safety of the commercial EV charging station, we recommend purchasing charging equipment insurance and so on. The investment cost of the charging station is large. Although it will increase the operating cost, it will give you more peace of mind with an additional guarantee.
To summarize, the total cost of constructing a commercial EV charging station mainly includes equipment cost, site cost, construction cost, and operation cost. Moreover, these costs vary depending on a variety of factors such as size, equipment, site, and policy subsidies. Therefore, please make sure you do detailed planning and evaluation before you commit to the cost. This will ensure the profitability of the project.
TKT is the top China EV charger manufacturer. We already have 10 years of mature manufacturing processes and strong technical strength. Choosing TKT high-quality EV charger means peace of mind.
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