Electric Charging Stations Installation Pakistan
Benefits of Investing in Commercial Charging Stations
1. Open a new side business at ADM Expense.
ADM Group will invest 100% on site mobilization and equipment. Host can operate the station and eventually ADM Group will gift it to Host after the completion of the project. There won’t be any sale of equipment to you nor any condition attached with regards to ownership.
2. Zero Investment and High Return
ADM Group plans to offer 95% of the revenue to be given to the Host. If a charging station runs at its 50% capacity, based on our current model, host can make an estimated amount of PKR 453262.50/- month. The EV charging station business can be lucrative. Although the amount of money host can make depends on factors such as location and size, the owner of an EV charging station can generally expect a profit margin of 35-45%.
3. Increase the property value of your real estate
Having an EV car charging station on property will increase the property value. Host can add its value to your property value. There is no condition on selling the property, But Host has to make sure the new owner signed the agreement with ADM Group.
4. Increase Your Revenues
EV chargers will allow you to increase revenue. Firstly, customers with EVs are more likely to stay at your site for more time to charge, thus encouraging them to purchase more products or services. Depending on the type EVs take an average time of 45 minutes to 1 hour to charge. By opting for a fast-charging system with an average charging time of, say, an hour, you can offer
customers a quick-enough charging service while also encouraging them to stay a little longer and purchase that item they’ve been eyeing up for weeks.
Secondly, EV charging points can be a source of extra revenue in themselves.
5. Put Your Business on the Map (Literally) and Boost Customer Traffic
Installing EV chargers will grow your brand’s visibility and draw in new clients as you will be visible on ADM the map.
You might be thinking: ‘but how do EVs relate to my business? I don’t know if any of my customers even own EVs!’ Whether you’re a local café or a nationwide hotel chain, it’s still worth trying to encourage EV owners to form part of your customer base. Research shows that EV owners tend to be higher-earning than the average population. They’re predominantly men with higher levels of education, in full-time employment, and around the ages of 30–45. Looking towards the future, such research also shows that electric vehicles may soon become popular among higherincome females and retirees/pensioners. Providing charging facilities may, therefore, give you a competitive advantage in terms of opening up new audiences or growing existing ones over the years.
6. Advantage Over Competitors – Offer something your competitors aren’t
Investing in EV charging stations can also help businesses differentiate themselves from their competitors. While many businesses are still hesitant to invest in EV charging stations, those that do will have a competitive advantage over those that don’t. By offering a service that is not widely available, businesses can set themselves apart and attract customers who are looking for businesses
that support EV adoption.
7. Rising Demand for Public Charge Points
As the Emerging Marketplace for Public Charging stations and the sales of electric vehicles rise, We estimate that, between now and 2030, the number of charge points—pedestals for EV charging in the public infrastructure—will increase in Pakistan from around 20 to 50,000. Growing Demand Ensures Opportunity.
8. Diversification Of Investment Portfolio
Investing in EV charging stations can be a good way to diversify your investment portfolio. EV charging stations can provide a steady stream of income through charging fees and revenue through advertisement, and they have the potential to appreciate value over time. As more people adopt EVs, the value of EV charging infrastructure is likely to increase.
9. Preparing For The Future
Finally, Investing in EV charging stations now can help businesses prepare for the future. EVs are the future of transportation, and it’s only a matter of time before they become the norm. By investing in EV charging stations now, businesses can position themselves as leaders in their industry and be well-prepared for the shift toward electric transportation.
Frequent Asked Questions
1. I don’t see any future of EV In Pakistan in next 5 years!
You have a misunderstanding about it, in other countries things changed within a year. According to the most recent survey, Pakistanis are willing to purchase the electric vehicles if the charging station are available.Because they are cheap to drive. MG already has their Electric Vehicles and other market players like Toyota, Suzuki and Honda are also working on their Electric vehicles in Pakistan and in other countries they already have their Electric vehicles.
2. What do you think about Gasoline stations?
Petrol stations won’t have a future. As soon as the EV start selling in the country, sales of petrol vehicles will be reduced by 80% and sale of petrol will also reduce by 66%. Shell Petroleum and PSO are installing Electric car charging stations on their petrol pumps and it’s speculated that cost is paid by the owner of the petrol pump.
3. I can open a Charging station myself!Why should I cooperate with this Chinese company?
Yes you can, but it won’t be considered a good idea. To open a charging station, you need a lastest charging technology which is expensive to purchase (probably 8 Million or more). If you cooperate with this company you don’t need to invest anything and you will be gifted the charging station at the end of the contract term.
4. How big space do they need?
Not so big, just two parking slots and an electricity connection.
5. Is there any payment to be made?
No, you don’t need to invest anything into it. There is a contract for 12 years and a security deposit of 1,000,000/-. They will trust you with their 8,000,000/-, they surely need a guarantee. It’s all 100% refundable at the time of completion of the contract.
6. When do you foresee the estimated date of closing for the vendor for these spots you are looking for ?
We intend to complete the project in 8 months, but the long stop date would be the last quarter of 2024. As in 2025 our EV will be available in the market.
7. What is the approval process for a host location ?
Once the host location is submitted, our team will visit the site and verify the ownership/a minimum of 12 year lease. Usually on
the spot can be approved and contract a can be signed.
8. What is the success criteria for the spot/location ?
It has to meet the standard of Ministry of Energy “MOE” for the location selection, Our team members will be fully aware of the
MOE requirements. Spots like Petrol Stations, CNG stations, Restaurants, Clinics,Hospitals, Hotels, supermarkets, fast food Chains, warehouses, factories, mills etc are most suitable spots.
9. What is the estimated time for the closure of this charging station location managementproject ?
Once we have a minimum of 942 charging stations at 177 identified locations,Project will be completed. But the long stop date would be the last quarter of 2024.
10. Slab based financial model of revenue on charging consumption weekly /monthly?
There won’t be any slab based financial model as Government will set a tariff for it, as it sets for fuel and CNG Stations. Consumption is based on the number of vehicles and location.
11. If the charging equipment works for all locally available Cars or just the brand weplaning to launch?
Equipment will come with a standard charging plug, but There are adapters available in the market to charge any vehicle.
12. Theft & maintenance plan.
Annual maintenance and inspections will be done by ADM Group company on the expense of the host as Host is receiving 95% of the revenue. Theft insurance policy can be purchased.
13. Number of EVs we can forecast for next 5 years as currently we have around 8-10 k EV,that too high end in Pak. to gauge utilization and economies of scale.
Currently, There are210,000/- new vehicles sold each year in Pakistan (Not including Imported vehicles), We expect to take 8% in the first year of operations and a steady increase of 3% each year for next 4 years. But there will be another major segment of customers who won’t be able to import the vehicle because of bans will also switch local vehicles. It’s expected that they
will purchase 100,000/- units in the first year and an increase of 20% for next 4 years.
14. Host would like to see this capacity model.
Host doesn’t have any investment in the charging station. It shouldn’t be his concern. If a charging station runs at its 50% capacity,
based on our current model, host can make an estimated amount of PKR 453262.50/-month.
15. How to get in touch with them? I already have a big setup and how to apply for it?
Just fillup a reservation form and email it to them along with photos of your existing business,recommended charging hub space, current Electricity connection details, copy of ID card and current company license.
16. How can I know my application is approved?
They will get in touch with you. you need to make a payment of 10% at for the security deposit at the time of submitting the reservation form, 30% payment at the time of signing the contract and 60% once the work starts on the site.