How Much Do EV Charging Stations Make?

The simple answer is that there is no one-size-fits-all answer to this question, and that income from EV charging stations is highly dependent on location and other factors. Generally, EVSE owners and operators can make anywhere from a few hundred to several thousand dollars a month, depending on their setup.

Factors that Impact EV Charging Station Profits

When calculating the potential profit from an EV charging station, there are several factors that need to be taken into consideration:

• Location: The location of the EV charging station is one of the biggest factors that can have an impact on income. EVSE owners and operators should consider if the area is populated with EVs and if the proximity to charging points is convenient for EV owners.
• Payment Method: EVSE owners and operators need to consider if they want to offer a pre-payment system, or a post-payment system, as they can make more money with the pre-payment system.
• Equipment: The quality of the equipment is also important, as higher-quality equipment often results in higher profits.
• Amount of Charging Time: EVSE owners and operators need to consider how much charging time they need to provide to EV owners, as this can have a significant impact on income.

Industry Statistics

According to the National Renewable Energy Laboratory (NREL), the number of EVSE stations is expected to exceed 500,000 by 2020, and the total revenue from EV charging stations is estimated to reach $7 billion. Additionally, a survey conducted by Frost & Sullivan revealed that the average revenue per charging session for an EV charging station was around $2.50.

Key Takeaways

EV charging stations can be an attractive business opportunity, but there is no one-size-fits-all answer when it comes to how much they make. The success of an EV charging station is highly dependent on the location, the types of payment methods used, the amount of charging time provided, and the quality of the equipment.