To initiate a successful Electric Vehicle (EV) charging station business, thorough research is essential. This involves identifying demand and its sources.
The EV market is growing rapidly, creating a need for charging stations. For instance,
EV sales in South Africa increased by 85.46% from 502 vehicles in 2022 to 931 vehicles in 2023, and saw a 35% increase to 1257 vehicles in 2024.
An EV charging station encompasses more than just charging vehicles; it involves
smart grid technologythat operates behind the scenes.
Key steps to consider when starting an EV charging station business include:
Author's summary: Discover the best approach to starting an EV charging station business.