Feasibility Study of a Charging Station in Bangkok Case Study of a Gas Station on Sukhumvit Road

Abstract

The purpose of this study was to analyze the financial viability, sensitivity, as well as analysis of strengths, weaknesses, opportunities, and threats of the investment project for the commercial operation of electric charging stations in Bangkok case study of a gas station on Sukhumvit Road. Primary and secondary data were used for data collection and descriptive analysis and quantitative data analysis were also applied as data analysis of this study. The study found that the investment project for commercial operation of electric charging stations in Bangkok When the project operates for 10 years, the net present value (NPV) was 7,817,141.17 baht, the project's internal rate of return (IRR) was 36.00 percent, and the benefit cost ratio (BCR) was1.31 times. In addition, it was 4.10 years for the payback period. The return on the project could be reduced by a maximum of 12.20 percent, and the net cost of money can increase by a maximum of 16.87 percent. The results of the investment analysis passed all measurement criteria. It can be concluded that the investment is worthwhile. Therefore, there should be a policy to seriously promote the investment in medium and small charging stations with less than 40kW chargers to ensure sufficient coverage and in line with the growth trend of the electric vehicle industry. In addition, it should be issued to support the charging rate to incentivize electric vehicle (EV) users to use more charging stations instead of charging in residential areas.