In September 9, PV Power will put the first charging station at 2024 Huynh Thuc Khang Street, Ha Noi The investment cost for the pilot operation is about 1,8 billion VND. The station is equipped with 2 charging ports with a capacity of 50 - 60 kW/charging port.
After charging station No. 6 Huynh Thuc Khang came into operation, PetroVietnam Power Corporation (PV Power) continued to pilot 2 more charging stations at 222 Tran Duy Hung Street, Cau Giay, Hanoi (Big C Thang Long).
PV Power’s electric vehicle charging station system development project does not stop at building charging stations but also aims to develop a nationwide network of synchronous charging stations. PV Power will continue to research and apply advanced technologies to improve the efficiency and service capacity of charging stations.
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| PV Power's first charging station in Hanoi. |
The construction of pilot charging stations is PV Power's first step towards further goals of expanding the number, location, and capacity nationwide and becoming one of the prestigious electric vehicle charging station providers in the country.
According to PV Power's plan, after 2 years of piloting, PV Power will re-evaluate the effectiveness of the project, then develop it synchronously nationwide, and is expected to develop 2035 more charging stations by 1.000.
According to PV Power, Vietnam is facing a great opportunity in developing the electric vehicle market, which also opens up prospects for the development of an electric vehicle charging station system.
Forecasts from the Vietnam Automobile Manufacturers Association (VAMA) show that by 2028, Vietnam will reach the milestone of 1 million electric vehicles and about 3,5 million electric vehicles by 2040.
This is also considered an opportunity for Vietnamese businesses to exploit this market. However, investing in developing electric vehicle charging stations still has many risks and challenges.
Specifically, according to PV Power, developing charging stations requires large investments in infrastructure and technology. The initial investment costs can be very high and the payback period can be long if revenue does not reach the expected level.
In investment, businesses often have to borrow up to 70% of capital, few businesses have available money to invest, especially for new areas such as charging stations, the risk level is even higher. Therefore, up to now, no company has invested commercially in this field, currently there is only VinFast invest in building charging stations in Vietnam but only for electric vehicles produced by VinFast.
In addition to financial risks, the development of charging stations in Vietnam still faces many difficulties and challenges that need to be resolved, such as the connection agreement between the electricity buyer and EVN still has many complicated procedures; finding the location of the charging station and the capacity of the charging station depends a lot on the load diagram of the power source, not all places have enough capacity to install...
To develop a comprehensive and synchronous electric vehicle system, it is necessary to have a multi-functional charging station system that can support charging for many types of vehicles of different brands. Therefore, developing a charging station system that can meet the needs of all types of electric vehicles with different charging standards is also a challenge.
From the above difficulties, to develop synchronous and effective electric vehicle charging stations, PV Power proposes to develop comprehensive policies, legal frameworks and technical standards and regulations... In addition, there needs to be a mechanism for electricity prices for charging stations to encourage both investors and electric vehicle users.
At the same time, there should be incentive mechanisms for investors, support for loans to produce/import equipment and components to build charging station infrastructure, charging posts, especially fast charging posts, along with preferential policies on taxes, electricity prices, power supply for charging stations to operate...
Applying commercial electricity prices to charging stations is very meaningful. Along with new updates on standards, simpler procedures for building charging stations will certainly help encourage businesses to invest in this field.
Sources: https://baodautu.vn/pv-power-du-dinh-lam-1000-tram-sac-xe-dien-den-nam-2035-d224228.html
