The world is moving toward cleaner energy, and Bangladesh is no exception. Electric vehicles (EVs) are slowly reshaping urban transport across Dhaka, Chattogram, and other major cities. As fuel prices rise and carbon concerns grow, EV charging stations have emerged as one of the most promising investment opportunities in Bangladesh.
Most important, this new sector not only creates business opportunities but also supports the government’s goal of achieving 40% renewable energy use by 2041. Therefore, setting up an EV Charging Station Project in Bangladesh is both profitable and sustainable.
Market Overview
The EV industry in Bangladesh is at a growing stage. Thousands of battery-driven three-wheelers and e-bikes already dominate small-town transport, but high-speed EV cars are now entering the scene. With the introduction of hybrid and electric models from Toyota, Hyundai, and BYD, the need for charging infrastructure is urgent.
Besides that, the government has identified EV charging stations as a priority investment sector under the "Renewable Energy and Green Economy" program.
Current Status of EVs in Bangladesh
| Vehicle Type | Estimated Units (2025) | Power Source | Charging Demand (per day) |
|---|---|---|---|
| Electric Rickshaws & Three-Wheelers | 1,200,000+ | 48V/60V Battery | High (Night Charging) |
| Electric Motorbikes | 80,000+ | Lithium-ion Battery | Medium |
| Electric Private Cars | 7,000+ | AC/DC Fast Charging | Rapid Growing |
| Public Transport (Buses) | 400+ | 120–350 kW Fast Charger | Limited but Expanding |
Why Invest in EV Charging Stations in Bangladesh
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High Demand, Low Supply: Fewer than 100 organized charging points exist nationwide. The market is open.
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Government Incentives: Duty reductions for EV imports, green energy policy support, and renewable subsidies.
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Profitability: Charging stations can earn stable daily revenue through per-unit electricity billing.
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Low Carbon Footprint: The business directly contributes to national environmental goals.
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Scalability: Once the first station succeeds, replication across cities is simple.
Project Concept
A typical EV charging station includes:
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Multiple charging units (AC and DC Fast Chargers)
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Transformer and substation connections
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Payment kiosk and mobile app integration
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Backup power (solar or diesel generator)
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Office, parking, and safety infrastructure
The project can be set up as a standalone commercial unit or attached to existing fuel stations.
Project Location
Ideal locations include:
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Highway rest areas (Dhaka–Chattogram, Dhaka–Mymensingh)
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Shopping malls and commercial hubs
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Airport and railway zones
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Large residential or industrial areas
Land size for one charging hub: 5,000–8,000 sq.ft.
Technical Details
| Equipment | Capacity | Quantity | Description |
|---|---|---|---|
| DC Fast Charger | 120 kW | 2 units | For cars and buses |
| AC Charger | 22 kW | 4 units | For small EVs |
| Solar Power System | 50 kW | 1 unit | For green backup |
| Energy Storage Battery | 500 kWh | 1 unit | Load management |
| Transformer & Substation | 400 kVA | 1 set | Power supply |
| Payment Kiosk & Software | N/A | 1 set | Billing and monitoring |
| Generator Backup | 100 kVA | 1 unit | Emergency supply |
Implementation Schedule
| Phase | Activity | Duration |
|---|---|---|
| Phase 1 | Feasibility Study & Design | 1 month |
| Phase 2 | Land Development & Civil Work | 2 months |
| Phase 3 | Equipment Procurement | 2 months |
| Phase 4 | Installation & Testing | 1 month |
| Phase 5 | Commercial Operation | Continuous |
Total Implementation Time: 6 months
Financial Estimate (in BDT)
Capital Investment
| Particulars | Estimated Cost (BDT) |
|---|---|
| Land (Leased or Owned) | 10,000,000 |
| Civil Construction & Infrastructure | 8,000,000 |
| Chargers & Equipment | 15,000,000 |
| Electrical Substation Setup | 5,000,000 |
| Solar System Installation | 4,000,000 |
| Office Setup & Furniture | 1,000,000 |
| Software, POS & Billing Systems | 800,000 |
| Generator & Backup Power | 1,500,000 |
| Vehicle Parking & Signage | 700,000 |
| Contingency (10%) | 4,600,000 |
| Total Fixed Investment | 50,600,000 BDT |
Working Capital Requirement
| Component | Amount (BDT) |
|---|---|
| Initial Electricity Bill Deposit | 1,000,000 |
| Salary and Wages (6 months) | 2,400,000 |
| Spare Parts & Maintenance | 1,000,000 |
| Office & Marketing Expenses | 600,000 |
| Miscellaneous | 500,000 |
| Total Working Capital | 5,500,000 BDT |
Total Project Cost
Fixed Investment: 50,600,000 BDT
Working Capital: 5,500,000 BDT
Total Project Cost: 56,100,000 BDT
Revenue Projection
| Source | Rate (BDT) | Daily Units | Monthly Income (BDT) |
|---|---|---|---|
| EV Fast Charging (DC) | 25/kWh | 1,500 kWh | 1,125,000 |
| EV Slow Charging (AC) | 20/kWh | 800 kWh | 480,000 |
| Parking Charges | 30/hour | 50 cars | 45,000 |
| Advertisement & App Revenue | - | - | 25,000 |
| Total Monthly Income | 1,675,000 BDT |
Yearly Income: 20,100,000 BDT
Operating Expenses (Monthly)
| Expense Item | Amount (BDT) |
|---|---|
| Electricity Bill | 450,000 |
| Salaries (8 Staffs) | 400,000 |
| Maintenance & Spare Parts | 100,000 |
| Internet & Software | 30,000 |
| Marketing & Admin | 50,000 |
| Insurance & Taxes | 20,000 |
| Miscellaneous | 30,000 |
| Total Opex | 1,080,000 BDT |
Profit Projection
| Year | Total Income (BDT) | Total Expense (BDT) | Net Profit (BDT) |
|---|---|---|---|
| 1st Year | 20,100,000 | 12,960,000 | 7,140,000 |
| 2nd Year | 22,000,000 | 13,200,000 | 8,800,000 |
| 3rd Year | 25,000,000 | 14,000,000 | 11,000,000 |
Payback Period: 5–6 years
ROI (Average): 18–22% per annum
SWOT Analysis
| Strength | Weakness |
|---|---|
| Strong government support | High initial capital |
| Eco-friendly operation | Limited technical expertise |
| Fast-growing EV market | Dependency on grid power |
| Opportunity | Threat |
|---|---|
| Urban EV adoption | Slow regulatory approvals |
| Highway expansion | Imported equipment cost fluctuation |
| Solar integration | Battery waste management issues |
Environmental Impact
This project supports SDG Goal 13 (Climate Action) and helps reduce urban air pollution.
Each EV charger replacing fossil fuel use can save about 1.2 tons of CO₂ per year.
With 6 chargers, the station can offset over 7 tons of CO₂ annually.
Government Policy Support
The Bangladesh Investment Development Authority (BIDA) and Sustainable Renewable Energy Authority (SREDA) encourage private sector EV investment.
Investors may enjoy:
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Tax benefits for renewable energy infrastructure
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Low-interest green project loans
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Import duty reductions on EV chargers and solar panels
Risk Mitigation
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Technical Training: Staff should be trained on charger safety and maintenance.
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Backup Systems: Install solar and generator to avoid power downtime.
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Smart Software: Use IoT-based monitoring to prevent misuse.
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Strategic Location: Choose areas with high traffic flow and visibility.
Future Expansion Plan
Once a pilot station is successful, the investor can scale up to 10+ stations across major highways and cities. Integration with mobile apps, loyalty programs, and EV taxi partnerships can further increase revenue.
Conclusion
The EV revolution in Bangladesh is only beginning. A properly planned charging station can bring consistent profits, strong brand value, and national contribution toward green energy. Most important, this project connects business vision with sustainability.
Investing today means leading tomorrow’s transport transformation.
Call to Action
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