Analysis of Investment Feasibility for EV Charging Stations in Residential Buildings

Abstract

This study investigates the financial and operational feasibility of deploying electric vehicle (EV) charging infrastructure within high-density residential buildings, utilizing empirical operational data combined with comprehensive financial modeling. A 14-day monitoring period conducted at a residential complex comprising 958 units revealed distinct charging behaviors, with demand peaking during weekday evenings between 19:00 and 22:00 and displaying more dispersed yet lower overall utilization during weekends. Energy efficiency emerged as a significant operational constraint, as standby power consumption contributed substantially to total energy losses. Specifically, while total energy consumption reached 248.342 kW, only 138.24 kW were directly delivered to users, underscoring the necessity for energy-efficient hardware and intelligent load management systems to minimize idle consumption. The financial analysis identified pricing as the most critical determinant of project viability. Under current cost structures, financial break-even was attainable only at a profit margin of 0.2286 USD (8 THB) per kWh, while lower margins resulted in persistent financial deficits. Sensitivity analysis further demonstrated the considerable vulnerability of the project’s financial performance to small fluctuations in profit share and utilization rate. A 10% reduction in either parameter entirely eliminated the project’s ability to reach payback, while variations in energy costs, capital expenditures (CAPEX), and operational expenditures (OPEX) exerted comparatively limited influence. These findings emphasize the importance of precise demand forecasting, adaptive pricing strategies, and proactive government intervention to mitigate financial risks associated with residential EV charging deployment. Policy measures such as capital subsidies, technical regulations, and transparent pricing frameworks are essential to incentivize private sector investment and support sustainable expansion of EV infrastructure in residential sectors.