EV Charging Stations

Charging the Future

1000 Charging Stations in the next 5 years

Key facts about EV chargers

Charging infrastructure is the backbone of e-mobility, and the world is going to need a lot more of it in the near future.

· Battery-powered vehicles are gaining traction with more than ten million e-cars on the world’s roads in 2020. More than ever before – some 3.18 million electric vehicles – were registered worldwide in that year.

· The authors of the European Green Deal policy initiative expect some 13 million zero- and low-emission vehicles to be on European roads by 2025. They will require around a million public recharging and refuelling stations.

· Drivers want more power in less time, so fast charging stations are very much in demand.

· Of the 1.3 million public chargers available worldwide in 2020, 30 percent are fast chargers with more than 22 kW power. The IEA predicts that the number of fast chargers will grow to between 1.5 and 2.2 million by 2025, depending which scenario comes to pass.

The future is electric. SG Group figures prominently in that future with our power modules for fast & efficient charging.

The size of the global electric vehicle market is projected to grow from 4,093 thousand units in 2021 to 34,756 thousand units by 2030, at a CAGR of 26.8%.

India aims to get 6 to 7 million Hybrid Electric Vehicles (EVs) on the road by the year 2021 and to go 100% electric by 2030. By targeting this our pollution graph comes down to below 80%. And this is a great business opportunity for small-scale industries, Indian startups to grab the opportunity and showcase their skills by creating e-vehicles, electric components, lithium-ion batteries, and creating your own EV invention.

2024-25 will be a golden period for the global EV industry- Frost & Sullivan

According to Frost & Sullivan, 2022-23 will be a golden period for electric vehicles, with a significant increase in the number of launches and reduction in battery prices that will provide a very significant impetus to the growth of the global EV industry.

Factors such as growing demand for low-emissions and governments supporting long-distance, zero-emission vehicles through subsidies and tax exemptions have forced manufacturers to make electric vehicles available around the world.

This has increased the demand for electric vehicles in the market.

Business Opportunities in EV Sector for SSI

Following is the List Of the Business Opportunities in the Electric Vehicle Sector for Small Scale Industries.

§ Public Charging stations

§ A Battery Energy Storage System (BESS)

§ recycling lithium-ion batteries Plant

§ A solar photo voltaic-powered electric vehicle (EV)

§ Battery Management System (BMS)

§ Battery Swapping Plant

§ EV charging Software

E-vehicles create bundles of business opportunities, it lifts and grows your business. Businesses such as manufacturing plants of e-vehicles, charging stations, batteries, recycling plants, e-vehicle parts shops, and many more.

Public Charging Stations

Charging in public places is very useful and avoids the mess of traveling in e-vehicles. Opening an EV public charging station can generate more revenue than you spend. How to open a charging station Business In India? There are two ways to open the charging station

· To take a franchise of charging companies these companies are Panasonic, TATA power, Delta electronics India & Fortum India. Franchise-based charging station investment is 6 to 7 lakhs and the location is selected by the company.

· For own charging station to take a permission of Ministry of Power Department. The investment amount is 10 to 15 lakhs this investment is for land purchasing and charging stations. the land is 500 to 1000 sq. feet. the distance between the 2 charging stations is 3 to 25 km. the profit is across 70 to 80% in those types.

· Note- No license will be required to open an EV charging station Business in India, the government has made a special plan.

Battery swapping Plant

Battery Swapping – is a Great Business Opportunity for charging e-vehicles. Companies such as Sun Mobility, RAC Energy, Amara Raja Power Systems, and Lithium Power Systems are battery swapping companies.

Battery swapping technology has given an option to swap the battery in a few minutes when the e-vehicle has lost its power and needs to be charged immediately. Replacing a worn-out lithium-ion battery and placing a new battery is called “battery swapping”, but it requires storage and plant for smooth transactions. The size of the battery is the same for all e-vehicles as only one size of charging box is built into the swapping machine. Again, collaborating with small startups to get better and quicker results will give you better results and this can be a great business opportunity for you.

Lithium-ion Battery Recycling

The global lithium-ion battery recycling market size was USD 1.31 billion in 2019 Based on the analysis, the global market will exhibit a spectacular growth of 20.1% in 2020.

The market is projected to grow by USD 1.57 billion in 2020. USD 11.07 billion in 2027 at a CAGR of 32.2% over the period 2020-2027.

Experts say – The fast-growing global EV market will also boost the lithium-ion battery recycling business and this could be a great business opportunity for SSI right after EV. So it makes sense if you enter in Recycling lithium-ion battery business in India today and you may cover a huge market very soon.

Cooperation with big EV companies would give a better result.