India’s electric mobility revolution is in full swing, and the demand for EV charging infrastructure is growing faster than ever. As more people switch to electric vehicles, malls, IT parks, and residential apartments have a unique opportunity to turn this shift into a new source of income.
By installing EV chargers on their premises, property owners can attract eco-conscious visitors, increase footfall, enhance property value, and generate steady revenue. In this article, we’ll explore how this business model works, its benefits, and how advanced platforms like the Plugzmart EV Charging Management System make the process effortless.
The Growing Need for EV Charging Infrastructure
India’s EV market is projected to grow at more than 40% CAGR between 2024 and 2030. With more EVs hitting the roads, the need for reliable and accessible EV charging stations has never been greater.
Public infrastructure is still catching up, which makes private locations—such as malls, tech parks, and apartment complexes—crucial for bridging the gap. Setting up charging points in these areas not only promotes sustainability but also creates a profitable business opportunity for property owners.
How Property Owners Can Earn from EV Chargers
There are several ways malls, IT parks, and apartments can monetize their EV charger installations.
1. Pay-Per-Use Model
Charge users based on energy consumption or duration. With smart systems like the Plugzmart EV Charging Management System, you can automate billing, track usage, and collect payments digitally—making the entire process transparent and efficient.
2. Subscription Plans
For spaces with frequent EV users—such as corporate campuses or residential complexes—monthly or annual plans can create consistent recurring revenue. The Plugzmart White-label CMS allows you to launch your own branded charging platform, enabling residents or employees to manage and pay for charging seamlessly.
3. Brand Collaborations and Ads
Some mall owners partner with brands to display digital ads on chargers or within mobile apps. This not only promotes businesses but also opens another steady income channel.
4. Boosting Property Value
Offering EV charging facilities makes properties more attractive to tenants, businesses, and visitors. It adds a premium touch that enhances both property valuation and user experience.
Advantages Beyond Revenue
The benefits of EV charger installation extend far beyond financial gains.
- Build a Green Reputation: EV charging aligns with sustainability and ESG goals.
- Enhance Customer Experience: Visitors spend more time at malls or offices while vehicles charge, which can translate into higher sales and engagement.
- Attract Premium Tenants: Eco-conscious brands and residents prefer properties that support EV infrastructure.
- Access Government Incentives: Various state policies provide financial support and reduced power tariffs for EV charger installations.
Choosing the Right Type of Charger
Before installing chargers, it’s important to select the right model based on your location and use case.
AC Chargers (3.3kW–22kW)
Perfect for residential apartments, offices, and malls where vehicles remain parked for hours. They are cost-effective and easy to deploy.
DC Fast Chargers (30kW–120kW)
Ideal for IT parks, commercial hubs, or highways where quick turnaround is needed. These chargers can power most EVs in under an hour and are great for locations with high traffic volume.
You can explore a range of smart AC and DC solutions through Plugzmart EV Chargers, designed for efficiency, safety, and scalability.
Streamlining Operations with a Smart CMS
Managing an EV charging network involves handling multiple tasks—monitoring energy usage, billing, maintenance, and user access. A smart Charging Management System (CMS) automates all of this, ensuring seamless operations.
A system like the Plugzmart EV Charging Management System helps you:
- Monitor and control chargers remotely
- Set customized tariffs for users
- Integrate payment gateways
- Generate detailed reports on usage and revenue
- Manage multiple stations under one dashboard
For businesses and real estate groups looking to operate their own branded charging network, the Plugzmart White-label CMS offers full customization and scalability.
Smart Charging: The Future of Sustainable Mobility
Recent studies show that smart EV charging can improve energy efficiency by up to 30% through optimized load balancing and real-time analytics. When paired with renewable sources like solar power, property owners can further cut energy costs and reduce their carbon footprint.
Malls and IT parks integrating renewable energy with EV charging can achieve sustainable and self-sufficient operations, paving the way for future-ready energy ecosystems.
FAQS
1. What’s the investment required for EV charger installation?
The cost depends on the charger type and electrical setup. Basic AC chargers cost between ₹70,000–₹1,50,000, while DC fast chargers range from ₹8–15 lakhs.
2. Is government approval needed to install chargers?
Typically, private properties do not need special licenses as long as they comply with local DISCOM guidelines.
3. How can I manage multiple chargers efficiently?
A cloud-based CMS like Plugzmart provides centralized control for monitoring, billing, and maintenance.
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