PROJECT REPORT
Of
ELECTRIC VEHICLE CHARGING STATION
PURPOSE OF THE DOCUMENT
This particular pre-feasibility is regarding ELECTRIC VEHICLE CHARGING STATION .
The objective of the pre-feasibility report is primarily to facilitate potential entrepreneurs in project
identification for investment and in order to serve his objective; the document covers various aspects
of the project concept development, start-up, marketing, finance and management.
[We can modify the project capacity and project cost as per your requirement. We can also prepare
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ELECTRIC VEHICLE CHARGING STATION
Introduction
An electric vehicle, also called an EV, uses one or more electric
motors or traction motors for propulsion. An electric vehicle may be
powered through a collector system by electricity from off-vehicle sources,
or may be self-contained with a battery, solar panels or an electric
generator to convert fuel to electricity.
An electric vehicle charging station, also called EV charging
station, electric recharging point, charging point, charge point
and electronic charging station (ECS) is an element in an infrastructure
that supplies electric energy for the recharging of plug-in electric
vehicles—including electric cars, neighbourhood electric Vehicles and
plug-in hybrids.
Nowadays, energy efficiency is a top priority, boosted by a major concern
with climatic changes and by the soaring oil prices in countries that have
a large dependency on imported fossil fuels, which leads to the demand
of EV charging station in the country.
Benefits of E-vehicle Charging Station
Increase in number of charging stations will boost the selling of EV’s
as their will be reduced range anxiety.
It is always great for environment.
It will boost direct and indirect employment in country.
Good Opportunity for young entrepreneur to install charging sttsaion
in their locality.
EV Charging station Market Analysis
In the first phase of Electric Vehicles (EV) rollout plan, the power ministry
is targetting 4 billion-plus population cities under the EV policy initiative. It
plans to cover all the state capitals, union territories, major highways and
key cities under the second phase.
The electric vehicle charging infrastructure market in India is anticipated
to grow at a CAGR of over 40% during the forecast period 2019-2025.
Increasing government support is one of the major factors driving the
electric vehicle charging infrastructure market in India.
Based on component, the electric vehicle charging infrastructure market
in India is segmented into hardware and software & services. Hardware
comprises sockets, cables, and charging units. Software & services
include installation and maintenance of charging units, platform as a
service, and other services. Other services include battery delivery service
and towing service, which are in a very nascent stage in India.
Working of EV Charging station
The electric vehicle charging station is composed of several electrical
vehicle charging machines, each electric vehicle charging machine is
composed of transformer, capacitor, control unit having a good quality
processor with inbuilt memory for software to operate the station.
The charging station has a charging cord and plug which connects to the
vehicle via an appropriate plug, it is designed with stand dimensions to fit
the charging port of the vehicle.
The electrical power received from grid is transferred to an electrical
vehicle charging machine via an appropriate distribution and control panel
which essentially has various safety and fail safe devices required to
handle appropriate electric load.
The electrical power is supplied to electric vehicle charging machine which
utilizes its transformer set to vary the input AC voltage to required value,
this value is decided based on level of charging selected by the user.
Level 1 Charging option provides 110-120V AC alternating current at
charger point, Level 2 Charging option provides 220 to 240V AC at
charging point, while Level 3 charging requires 3 phase input AC supply
which is then passed through transformer and then rectifier, followed by
the ripple factor reducing circuit so as to obtain the DC power supply which
is supplied to charging point.
The various interface and control actions are governed by the control
system as per the software feed in the machine based on which its
classified into smart or dumb charging machine. The processor present in
the control unit processes the data algorithm built in the software as per
which the input are requested from the user, based on these input
charging of vehicle takes place.
EV batteries charging system
This charging system is an AC-DC power circuit that must be controlled in
order to respect the vehicles’ batteries nominal characteristics to preserve
their lifespan. Additionally, it should monitor the batteries during their
operation to prevent damages during the charging or discharging
processes. The ACDC power circuit can be implemented with different
topologies according to the characteristics desired for the system.
Land &Building required:
Land required minimum 1000-1500 square feet
Approximate rent for the same is Rs. 30,000 per month.
Machinery & Equipment’s required:
Name Quantity Cost (Rs.)
AC (7.2 -.5 KW) Type-2 (Rs. 65000) 4 260000
DC (15 KW)GB/T 1 215000
Software Cost 1 600000
Sub total 10,75,000
GST @ 18% 1,93,500
Total Machine cost 12,68,500
Cost of the machine is other than transportation & Packaging cost.
Service charges and Revenue charges
In electric vehicle charging station Rs. 30 per hour Service charges are
charged for the charging of vehicles.
Other than that clients are charged based upon their vehicle on the% basis
of hours. Averagely machine took approx. 4 hours to charge a vehicles
with the help of AC Machine and approx. Half With the help of DC Machine.
Note: It’s good to open these Charging Station in Mall etc. because there
electricity charges are also very nominal (like: 4.5 per unit instead of 8 per
unit at a normal place)
Revenue Charges Of AC machine
S.N. Particular Charges
1. For Normal cars Rs. 50 per hour
2. For Large size cars Rs. 100 Per Hour
Average charges Per Hour Rs. 75
Total Charges per vehicle (Rs. 75 *4Hours) Rs. 300
Revenue Charges Of DC machine
S.N. Particular Charges
1. For cars (Rs. 2.5-3Per minute) Rs. 150-175 per hour
Average charges Per Hour Rs. 150-175
Total Charges per vehicle (Rs. 175 * 2 Hours) Rs. 350
Staff Requirement:
3 Manpower are required for the EV Charging station Unit.
Includes:
1 Skilled
2 Unskilled
EV Charging station License & registration
For Proprietor:
Obtain the GST registration.
Additionally, obtain the Udyog Aadhar registration Number.
Choice of a Brand Name of the product and secure the name with
Trademark if required.
Implementation Schedule
S.N. Activity Time Required
(in Months)
1 Acquisition Of premises 1
2 Procurement & installation of Plant & Machinery 1
3 Arrangement of Finance 1-2
4 Requirement of required Manpower 1
Total time Required (some activities shall run 2-3 Months
concurrently)
FINANCIAL ASSISTANCE REQUIRED
Term Loan of Rs. 12.60 Lacs and working capital Limit of Rs. 3 Lacs
COST OF PROJECT PARTICULARS AMOUNT AMOUNT AMOUNT
10.00% 90.00%
Building Civil Work - -
Plant & Machinery 12.69 1.27 11.42
Furniture & Fixtures and Other Assets 1.31 0.13 1.18
Working capital 3.33 0.33 3.00
Total 17.33 1.73 15.60
MEANS OF
FINANCE PARTICULARS AMOUNT
Own Contribution 1.73
Bank Loan 12.60
Working capital Limit 3.00
Total 17.33
COMPUTATION OF PROCESS OF EV CHARGING STATION
Service to be provided
Electric vehicle Charging
AC Machine 4
DC Machine 1
AC Machine Running Time Per day 12 Hours
Total AC machine running time Per day 48 Hours
DC Machine Running Time Per day 12 Hours
AC Service hours Per annum 14400 Hours
DC Service hours Per annum 3600 Hours
Average charging time per vehicle in AC 4 Hours
Total Vehicle charged per annum Through AC 3600 Vehicles
Average charging time per vehicle in DC 2 Hours
Total Vehicle charged per annum Through DC 1,800 Vehicles
Vehicle Service through AC Machine
Production Capacity Vehicles
1st year 75% 2,700
2nd year 78% 2,808
3rd year 80% 2,880
4th year 85% 3,060
5th year 90% 3,240
Vehicle Service through DC Machine
Production Capacity Vehicles
1st year 75% 1,350
2nd year 78% 1,404
3rd year 80% 1,440
4th year 85% 1,530
5th year 90% 1,620
COMPUTATION OF REVENUE (AC)
Particulars 1st year 2nd year 3rd year 4th year 5th year
Vehicle Charged 2,700 2,808 2,880 3,060 3,240
Net Sale 2,700 2,808 2,880 3,060 3,240
Charges per Vehicle 300.00 309.00 318.00 328.00 338.00
Sales (in Lacs) 8.10 8.68 9.16 10.04 10.95
COMPUTATION OF REVENUE (DC)
Particulars 1st year 2nd year 3rd year 4th year 5th year
Vehicle Charged 1,350 1,404 1,440 1,530 1,620
Net Sale 1,350 1,404 1,440 1,530 1,620
Charges per Vehicle 350.00 361.00 372.00 383.00 394.00
Sales (in Lacs) 4.73 5.07 5.36 5.86 6.38
Service charges Collection
Year Capacity Amount
Utilisation Per Hour Charges (Rs. in lacs)
1st year 75% 30 5.40
2nd year 78% 31 5.58
3rd year 80% 32 5.76
4th year 85% 33 5.94
5th year 90% 34 6.12
BREAK UP OF STAFF CHARGES
Particulars Wages No of Total
Per Month Employees Salary
Skilled 10000 1 10000
Unskilled 7000 2 14000
Total Salary Per Month 24000
Total Annual Labour Charges (in Lacs) 2.88
Utility Charges at 100% capacity (per month)
Particulars value Description
Per AC connection 7.5 KW
DC machine 15 KW
Total AC machine 4
Total DC Machine 1
Total connection required 45 KW
Cos per Unit 4.5 Rs.
Charges per month 60750 Rs.
PROJECTED PROFITABILITY STATEMENT (in lacs)
PARTICULARS 1st year 2nd year 3rd year 4th year 5th year
Capacity Utilisation % 75% 78% 80% 85% 90%
Revenue
AC 8.10 8.68 9.16 10.04 10.95
DC 4.73 5.07 5.36 5.86 6.38
Service charges 5.40 5.58 5.76 5.94 6.12
Total 18.23 19.33 20.28 21.84 23.45
Expenses
Electricity Expenses 5.47 5.74 6.03 6.33 6.65
Depreciation 2.03 1.74 1.48 1.26 1.08
Consumables 0.16 0.17 0.18 0.20 0.22
Repair & maintenance 0.20 0.22 0.23 0.25 0.27
Labour 2.88 3.02 3.18 3.33 3.50
Operating cost 10.75 10.89 11.10 11.38 11.72
GROSS PROFIT 7.48 8.43 9.18 10.46 11.74
Interest on Term Loan 1.13 0.99 0.71 0.43 0.13
Interest on working Capital 0.30 0.30 0.30 0.30 0.30
Rent 2.40 2.52 2.65 2.78 2.92
TOTAL 3.83 3.81 3.66 3.51 3.35
NET PROFIT 3.65 4.62 5.52 6.95 8.39
Taxation 0.06 0.21 0.36
PROFIT (After Tax) 3.65 4.62 5.47 6.74 8.03
PROJECTED BALANCE SHEET
PARTICULARS 1st year 2nd year 3rd year 4th year 5th year
Liabilities
Capital
opening balance 2.39 3.01 3.48 4.72
Add:- Own Capital 1.73
Add:- Retained Profit 3.65 4.62 5.47 6.74 8.03
Less:- Drawings 3.00 4.00 5.00 5.50 6.00
Closing Blance 2.39 3.01 3.48 4.72 6.75
Term Loan 11.20 8.40 5.60 2.80 0.23
Working Capital Limit 3.00 3.00 3.00 3.00 3.00
TOTAL : 16.58 14.41 12.07 10.52 9.98
Assets
Fixed Assets ( Gross) 14.00 14.00 14.00 14.00 14.00
Gross Dep. 2.03 3.77 5.25 6.51 7.59
Net Fixed Assets 11.96 10.23 8.75 7.48 6.40
Current Assets
Sundry Debtors 2.43 2.58 2.70 2.91 3.13
Cash and Bank 2.19 1.60 0.63 0.12 0.45
TOTAL : 16.58 14.41 12.07 10.52 9.98
PROJECTED CASH FLOW STATEMENT
PARTICULARS 1st year 2nd year 3rd year 4th year 5th year
SOURCES OF FUND
Own Margin 1.73
Net Profit 3.65 4.62 5.52 6.95 8.39
Depreciation & Exp. W/off 2.03 1.74 1.48 1.26 1.08
Increase in Cash Credit 3.00 - - - -
Increase In Term Loan 12.60 - - - -
TOTAL : 23.02 6.36 7.00 8.21 9.47
APPLICATION OF FUND
Increase in Fixed Assets 14.00
Increase in Debtors 2.43 0.15 0.13 0.21 0.22
Repayment of Term Loan 1.40 2.80 2.80 2.80 2.57
Drawings 3.00 4.00 5.00 5.50 6.00
Taxation - - 0.06 0.21 0.36
TOTAL : 20.82 6.95 7.98 8.71 9.14
Opening Cash & Bank Balance - 2.19 1.60 0.63 0.12
Add : Surplus 2.19 (0.59) (0.98) (0.50) 0.33
Closing Cash & Bank Balance 2.19 1.60 0.63 0.12 0.45
COMPUTATION OF WORKING CAPITAL
Turnover Method (In Lacs)
(i) Projected Sales 18.23
(ii) Working Capital Requirement 4.56
25% of Projected Sales
(iii) Margin 0.91
5% of Projected Sales
(iv) MPBF 3.65
Working Capital Limit Required 3.00
COMPUTATION OF DEPRECIATION
Description Plant & Machinery Furniture TOTAL
Rate of Depreciation 15.00% 10.00%
Opening Balance - - -
Addition 12.69 1.31 14.00
Total 12.69 1.31 14.00
Less : Depreciation 1.90 0.13 2.03
WDV at end of Year 10.78 1.18 11.96
Additions During The Year - - -
Total 10.78 1.18 11.96
Less : Depreciation 1.62 0.12 1.74
WDV at end of Year 9.16 1.06 10.23
Additions During The Year - - -
Total 9.16 1.06 10.23
Less : Depreciation 1.37 0.11 1.48
WDV at end of Year 7.79 0.95 8.75
Additions During The Year - - -
Total 7.79 0.95 8.75
Less : Depreciation 1.17 0.10 1.26
WDV at end of Year 6.62 0.86 7.48
Additions During The Year - - -
Total 6.62 0.86 7.48
Less : Depreciation 0.99 0.09 1.08
WDV at end of Year 5.63 0.77 6.40
CALCULATION OF D.S.C.R
1st 2nd 3rd 4th 5th
PARTICULARS year year year year year
CASH ACCRUALS 5.69 6.36 6.95 8.01 9.11
Interest on Term Loan 1.13 0.99 0.71 0.43 0.13
Total 6.81 7.35 7.66 8.44 9.24
REPAYMENT
Instalment of Term Loan 1.40 2.80 2.80 2.80 2.57
Interest on Term Loan 1.13 0.99 0.71 0.43 0.13
Total 2.52 3.79 3.51 3.23 2.69
DEBT SERVICE COVERAGE RATIO 2.70 1.94 2.18 2.61 3.43
AVERAGE D.S.C.R. 2.57
REPAYMENT SCHEDULE OF TERM LOAN
Interest 10.00%
Closing
Year Particulars Amount Addition Total Interest Repayment Balance
ist Opening Balance
1st month - 12.60 12.60 - - 12.60
2nd month 12.60 - 12.60 0.10 - 12.60
3rd month 12.60 - 12.60 0.10 - 12.60
4th month 12.60 - 12.60 0.10 12.60
5th month 12.60 - 12.60 0.10 12.60
6th month 12.60 - 12.60 0.10 12.60
7th month 12.60 - 12.60 0.10 0.233 12.36
8th month 12.36 - 12.36 0.10 0.233 12.13
9th month 12.13 - 12.13 0.10 0.233 11.90
10th month 11.90 - 11.90 0.10 0.233 11.66
11th month 11.66 - 11.66 0.10 0.233 11.43
12th month 11.43 - 11.43 0.10 0.233 11.20
1.13 1.400
2nd Opening Balance
1st month 11.20 - 11.20 0.09 0.233 10.96
2nd month 10.96 - 10.96 0.09 0.233 10.73
3rd month 10.73 - 10.73 0.09 0.233 10.50
4th month 10.50 - 10.50 0.09 0.233 10.26
5th month 10.26 - 10.26 0.09 0.233 10.03
6th month 10.03 - 10.03 0.08 0.233 9.80
7th month 9.80 - 9.80 0.08 0.233 9.56
8th month 9.56 - 9.56 0.08 0.233 9.33
9th month 9.33 - 9.33 0.08 0.233 9.10
10th month 9.10 - 9.10 0.08 0.233 8.86
11th month 8.86 - 8.86 0.07 0.233 8.63
12th month 8.63 - 8.63 0.07 0.233 8.40
0.99 2.799
3rd Opening Balance
1st month 8.40 - 8.40 0.07 0.233 8.16
2nd month 8.16 - 8.16 0.07 0.233 7.93
3rd month 7.93 - 7.93 0.07 0.233 7.70
4th month 7.70 - 7.70 0.06 0.233 7.46
5th month 7.46 - 7.46 0.06 0.233 7.23
6th month 7.23 - 7.23 0.06 0.233 7.00
7th month 7.00 - 7.00 0.06 0.233 6.76
8th month 6.76 - 6.76 0.06 0.233 6.53
9th month 6.53 - 6.53 0.05 0.233 6.30
10th month 6.30 - 6.30 0.05 0.233 6.06
11th month 6.06 - 6.06 0.05 0.233 5.83
12th month 5.83 - 5.83 0.05 0.233 5.60
0.71 2.799
4th Opening Balance
1st month 5.60 - 5.60 0.05 0.233 5.36
2nd month 5.36 - 5.36 0.04 0.233 5.13
3rd month 5.13 - 5.13 0.04 0.233 4.90
4th month 4.90 - 4.90 0.04 0.233 4.67
5th month 4.67 - 4.67 0.04 0.233 4.43
6th month 4.43 - 4.43 0.04 0.233 4.20
7th month 4.20 - 4.20 0.03 0.233 3.97
8th month 3.97 - 3.97 0.03 0.233 3.73
9th month 3.73 - 3.73 0.03 0.233 3.50
10th month 3.50 - 3.50 0.03 0.233 3.27
11th month 3.27 - 3.27 0.03 0.233 3.03
12th month 3.03 - 3.03 0.03 0.233 2.80
0.43 2.799
5th Opening Balance
1st month 2.80 - 2.80 0.02 0.233 2.57
2nd month 2.57 - 2.57 0.02 0.233 2.33
3rd month 2.33 - 2.33 0.02 0.233 2.10
4th month 2.10 - 2.10 0.02 0.233 1.87
5th month 1.87 - 1.87 0.02 0.233 1.63
6th month 1.63 - 1.63 0.01 0.233 1.40
7th month 1.40 - 1.40 0.01 0.233 1.17
8th month 1.17 - 1.17 0.01 0.233 0.93
9th month 0.93 - 0.93 0.01 0.233 0.70
10th month 0.70 - 0.70 0.01 0.233 0.47
11th month 0.47 - 0.47 0.00 0.233 0.23
12th month 0.23 - 0.23 0.00 0.233 -
0.13 2.57
DOOR TO DOOR 60 MONTHS
MORATORIUM PERIOD 6 MONTHS
REPAYMENT PERIOD 54 MONTHS
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