Business model quantification framework for the core participants of the EV charging market

The rapid growth of the electrical vehicle (EV) market over the last decade has rendered the existence and accuracy of the business models of the EV charging market a critical factor for a company’s success. To address this issue, this paper presents a quantification framework for the business models of the core participants of the EV charging market, defining the factors that directly influence their revenues and costs and providing two sets of earnings before interest and taxes (EBIT) formulas: explicit and implicit. The explicit formulas would be useful for business analytics of the current participants of the EV charging market, while the implicit could be applied by the new entrants, to make reliable predictions based on the benchmark data. These formulas include factors that have not been previously addressed in the literature such as different prices per type of charger, the annual consumed amount of energy per charger and their utilization rate among others. Finally, this research applies the defined framework on an EBIT scenario of an archetypical charge point operator, based on real-life data.