How do electric vehicle owners pay to recharge at the commercial charging stations? What is a typical full charging cost?

How do electric vehicle owners pay to recharge at the commercial charging stations? What is a typical full charging cost?

October 25, 2023

With the rising interest in electric vehicles (EVs), there’s been a concurrent growth in the infrastructure supporting them – charging stations. These stations, much like traditional gas pumps for internal combustion engines, come with their own unique payment systems. For many, the question arises: How do EV owners pay to recharge at these stations? And how much does a typical full charge cost?

Payment Methods at Charging Stations

Thanks to technological advancements, EV owners have a plethora of payment options. On the Terra Charge application, for instance, users can choose from a variety of payment gateways. But what stands out is the increasing reliance on the UPI (Unified Payments Interface) system. Known for its convenience and real-time bank-to-bank payment system, UPI has become the most popular method for many EV owners.

However, UPI is just the tip of the iceberg when it comes to available payment options on platforms like Terra Charge. There are also options that cater to those who often charge at a single location, like within a residential complex or office space.

RFID Cards: A Game Changer for Shared Charging Stations

For communities, societies, or buildings where multiple EV owners share the same charging station, RFID (Radio-frequency identification) cards offer a seamless solution. Think of it as a metro card system. Users can preload these cards with the desired amount, and every time they charge their EV, the cost is deducted from the card balance. This system eliminates the need to engage in payment procedures every time one needs a charge. It’s quick, efficient, and perfect for those on the go.

Personal Chargers: The Ultimate Convenience

Now, let’s address a category of users who prefer the utmost convenience – those who’ve opted for personal charging stations. For them, the process is incredibly straightforward. Just plug the charging gun into the vehicle, and voilà! The charging begins.

One might wonder, how is the payment managed in this scenario? Well, it’s streamlined into their monthly electricity bill. The Distribution Company (DISCOM) calculates the electricity consumption used for charging the EV and simply includes it in the bill. No need for separate payments or going through apps. It’s hassle-free and perfectly suited for those who prioritize ease and simplicity.

The Cost of a Full Charge

While we’ve delved into the ‘how’ of payments, it’s essential to touch upon the ‘how much’. The cost of a full charge varies depending on several factors: the EV model, battery capacity, and local electricity rates. On average, the cost can range anywhere from ₹30 to ₹1060 (2 and 4 wheelers EV) for a full charge at a commercial station, depending on these factors. However, it’s worth noting that, in general, charging an EV is still significantly cheaper than refilling a traditional gas tank.

In Conclusion

The rise of electric vehicles has paved the way for innovative payment solutions, catering to a diverse group of users. Whether it’s the convenience of UPI, the shared ease of RFID cards, or the simplicity of personal charging stations – there’s something for everyone. And while the cost varies, the consistent thread is clear: charging an EV is not just eco-friendly, but also wallet-friendly.