Financial Feasibility and Risk Analysis of Electric Vehicle Charging Stations in Bangalore: A Multi-Scenario Assessment

Abstract

The rapid urbanization and advanced technology adoption in Bangalore make it a crucial node in India’s EV transition, driving demand for public and semi-public charging infrastructure. This study presents a detailed financial feasibility assessment and risk analysis for investments in EV charging stations across the Bangalore Metropolitan Region. Using three archetypal station models (high-speed highway, mixed urban public, and fleet depot), we develop multi-scenario financial models over a 7-year lifecycle. We quantify sensitivity of viability to utilisation levels, energy cost, demand growth, and regulatory parameters, and identify break-even thresholds and key risks. We propose mitigation strategies (e.g. time-of-use tariffs, location diversification, smart charging) and provide guidelines for optimal charger mix and site selection. Our results indicate that while long-term IRRs may be attractive under optimistic adoption trajectories, the early years are fraught with financial risk—making careful demand forecasting, site selection, and policy support indispensable for success.