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Feasibility Study for an Electric Vehicle Charging Stations Development Project.
Feasibility Study for an Electric Vehicle Charging Stations Development Project.
The project aims to establish a modern network of electric vehicle charging stations at strategic locations within major cities, commercial centers, public parking areas, and fuel stations to meet the growing demand for fast and safe charging services. The project includes equipping the stations with the latest technologies, including DC fast chargers and AC slow chargers, electronic payment systems, and a smart application that allows users to reserve charging spots and monitor consumption.
Investment Opportunity Content
Targeted Services and Products
Targeted Services and Products
Public fast electric vehicle charging stations
Electronic application for booking charging points and paying fees
Monthly subscription services for electric vehicle owners
Smart home chargers as an additional product
Regular maintenance and technical support for users
Informational screens at charging locations (advertisements, charging data)
Demand and Market Analysis
Demand and Market Analysis
The Kingdom of Saudi Arabia is witnessing a strong trend towards transitioning to clean transportation methods as part of Vision 2030, which includes supporting electric vehicles and expanding their infrastructure.
According to official reports, electric vehicle sales are expected to grow annually by more than 20% over the coming years, necessitating the presence of an integrated network of charging stations.
The local market is still in its early stages, making the project’s entry timing ideal for capturing a large market share early on.
Investment Advantages
Investment Advantages
An emerging market with significant growth opportunities and few competitors
Expected government support through exemptions and regulatory facilitation
Potential to generate multiple revenue streams from charging fees, advertisements, and subscriptions
Rapid scalability within and beyond cities
Project alignment with environmental sustainability goals and emission reduction
Opportunity for partnerships with car manufacturers, shopping centers, and fuel stations
Project Features
Project Features
Smart infrastructure based on Internet of Things (IoT) technologies
A unified application connecting all charging points and providing a seamless user experience
Ease of marketing the project to new electric vehicle owners
Flexibility in operating models (service sales, subscriptions, franchising)
Variety of installation locations: public parking, malls, main streets, residential buildings
Potential future services such as pay-as-you-go charging or charging while shopping
Financial Indicators
Financial Indicators
Expected Capital:
Ranges between 10 to 18 million Saudi Riyals, depending on the number of charging stations, types of equipment, and construction and operational costs for the first year.
Expected Rate of Return:
Estimated to range between 14% to 20% annually during the first five years, with a gradual increase in usage and revenues.
Expected Payback Period:
Ranges between 4 to 5 years and may shorten with geographic expansion and increased adoption of electric vehicles in the Kingdom.
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