Public charging stations provide psychological comfort and security to the owners of electric vehicles (EV), promoting its adoption. Realising this, the Government of India issued guidelines for installation of public EV chargers and also permitted private entities to set up charging stations, provided they fulfil the norms set forth by the Ministry of Power.
Seizing this opportunity, private companies are providing charging solutions for residences, commercial establishments, transit nodes, etc., based on charge-as-a-service model (pay as you use).
There is, therefore, a need for a suitable business model that makes setting up of public charging stations by government utilities a financially viable option.
