Do you want to start a business and make money in the electric car industry? If YES, here are 50 best electric cars business ideas and opportunities.
It is no longer news that electric cars will take over from petrol powered cars in the next few years. As a matter of fact, most countries of the world have put legislation in place that will help phase out petrol cars. This goes to show that a whole lot of business opportunities that will open up in the electric cars industry.
Smart entrepreneurs and investors are beginning to position themselves to take advantage of the emerging market in the industry. They have started putting structures and strategies in place that will help them dominate the market for a very long time.
One good thing about electric cars is that the business opportunities available in the industry range from low capital to capital intensive businesses.
For example, it is much cheaper to start an electric car wash business and it is very expensive to set up an electric car manufacturing/assembling plant business.
In essence, there are business opportunities for everybody in the electric cars industry no matter their financial status. If you want to be among those who will benefit hugely from the electric cars industry, here are 50 best electric car related business ideas that you can choose from.
Best Electric Car Business ideas
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Electric Vehicle Charging Station
One of the most popular electric car related businesses that are springing up in the united states of America is electric vehicle charging station. The fact that electric vehicles require charging gives room for entrepreneurs to start electric vehicle charging station business.
It is important to state that charging times vary from one model of electric vehicle to another. An electric vehicle charging station, also called EV charging station is an element in an infrastructure that supplies electric energy for the charging of electric vehicles.
Electric car repair and servicing business is amongst the highly profitable electric cars related business ideas an entrepreneur can successfully start.
As long as people use their electric cars regularly, there will always be reasons for them to visit an electric car repair and servicing garage if indeed they want these vehicles to continue to ply the roads. This is because you can never rule out wear and tear when a machine is in use.
People visit electric car repair and servicing garages for different reasons; it could be for routine servicing, major repair works, or for refurbishing their electric cars. For whatever reasons; there is always business for an electric car repair and servicing garage that is well positioned.
Another profitable electric car related business an entrepreneur who is all out to make money should consider starting is to open a car wash that is dedicated towards washing electric cars. The market for electric car wash is driven by the purchase of electric cars and the increase in consumer spending.
In essence, as the general economy of a country grows, more people will buy electric cars and they will patronize the services of electric car wash if their driving habits encourage them to do so.
Electric car dealership shop is yet another electric car related business idea that is open to aspiring entrepreneurs. Opening an electric car sales garage/dealership shop might be capital intensive, but at the same time it is a thriving and profitable business especially if the business is well positioned and provides options for customers.
So, if you have the financial capacity and you are looking towards investing in the electric car industry, then one of your options is to go into electric car dealership business.
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Upholstery for Electric Cars
Another electric car related business idea that an aspiring entrepreneur should consider starting is making upholstery for electric cars.
Some people prefer leather car interior and other prefer fabric which is why electric car manufacturers should ensure that they manufacture electric cars with leather upholstery as well as electric cars with fabric upholstery.
If you are unfortunate to purchase an electric car with fabric and you want to change it to leather, then you would need the services of upholstery makers.
If you are interested in starting an upholstery business, then you should ensure that you learn the trade. Upholstery business is a highly profitable and thriving business especially if the business is strategically located in places where there are loads of electric car owners.
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Electric Car Panel Beating Services (Automobile Body Work) Business
Starting a panel beating services that is dedicated to taking care of electric cars is one promising electric car related business idea that is open to aspiring entrepreneurs.
It is normal for electric car owners to carry out body work on their electric cars whenever they are involved in minor and major accidents.
Auto body work business is a thriving and profitable business and if you are interested in starting an electric car related business, then one of your options is to open an auto body repair workshop that is specialized in electric cars. Please note that you would need to learn the trade before you can successfully launch this type of business.
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Electric Cars Spraying and Branding Workshop
Another profitable electric car related business idea an entrepreneur who is interested in starting a business in the electric car industry is electric car spraying and branding business. When the body of an electric car is worked upon or when there is a dent on the body of the car, mostly likely the owner would want to spray the whole body of the car in order for the car to look new and presentable.
So also, organizations brand their electric cars to suit their company’s color and also to carry their company’s logo and every information they want people to see; that is where electric car branding companies come in handy. It is important to state that before starting this type of electric car business you will be required to acquire the relevant skills.
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Electric Car Electrical Workshop
Starting an electric car electrical workshop is yet another electric car related business idea that an aspiring entrepreneur can start.
From the headlight to the sound system in the electric vehicle are all electrical components and once in a while these electrical components become faulty, hence the need for the services of auto electricians.
It is important to state that adequate technical training is required before you can successfully run this type of business. You can attend a technical school or college to acquire auto electrical skills and then specialize in working on electric cars.
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Electric Car Tracker Installation and Repair Business
Another promising and profitable electric car related business idea that an aspiring entrepreneur can start is car tracker installation and repair business.
Since the car tracking system came into existence, it has become very easy for fleet operators to comfortably manage their vehicles.
With the advent of this device, investing in transport, haulage and logistic business and even ambulance services have become a profitable venture because the tracking device helps keep the drivers under check, monitor the distance covered and also ensures safety of the vehicle.
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Sale of Electric Car Customized Insurance Policy Cover
Starting an insurance sale business that is dedicated towards selling insurance policies to electric car owners is another electric car related business idea that an aspiring entrepreneur can successfully start. Motor vehicle insurance is mandatory in every country hence there is a very large market for car insurance policy cover.
A vehicle owner has the option of either purchasing third party motor vehicle insurance policy cover or comprehensive motor vehicle insurance policy cover before driving their electric vehicles. So, if you considering starting an electric car related business, one of your options is to go into the sale of customized insurance cover for electric cars.
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Electric Car AC Repair and Servicing Workshop
The fact that there is hardly any electric car that comes out of the manufacturing plant without factory fitted AC means that there is a large market for technicians who are into electric car AC repair.
So, if you are looking towards starting an electric car related business, one of your options is to open an electric car AC repair and servicing workshop.
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Headlight Restoration for Electric Cars
Another auto electrical related business niche an entrepreneur who has acquired auto electrical training should consider starting is electric cars headlight restoration business.
A headlight restoration business requires low startup capital and the profitability of the business is largely dependent on the number of headlights you can fix in a day or month.
The truth is that it is to your advantage to add other related electric cars services to your headlight restoration business if you want to make good money from this business.
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Electric Car Locksmith Business
Electric car locksmith business is yet another highly profitable electric cars related business that an entrepreneur should consider starting.
If you have ever been locked out of your car, home or office because you misplaced your keys, then you just would appreciate the services of locksmiths.
Starting a business as an electric car locksmith is indeed a profitable venture to start but you must first acquire the required training, and then work as an apprentice for a while, before applying for a locksmith license.
Although, an electric locksmith business is considered to be a small scale business, but it is regulated by the government to ensure that criminal elements in the society don’t take advantage of people.
Mobile electric car repair services is yet another low budget electric car related business an entrepreneur who is a trained auto mechanic should consider starting. Mobile electric cars repair business as the name implies is operating your electric cars repair business on the go.
It means that even if you don’t have a garage, you can still move around to help people fix or service their electric cars in their homes, offices, and even on the road when you are called upon to do so.
Starting a mobile electric car repair business requires low startup capital and it is a very profitable venture because you would have eliminated the cost of renting and maintaining a workshop/garage.
All that you would spend your startup capital on is to acquire your working tools, a utility vehicle and perhaps the money to register the business.
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Sale of Electric Car Spare Parts
As long as people still use electric cars, electric car spare parts will continue to be in demand. Electric car spare parts business is indeed a profitable business because the replacement of damaged or worn – out parts is compulsory if you want your vehicle to continue to be on the road.
If you are looking for an electric car related business to start as an entrepreneur and you know you have interest in the electric cars industry, then you should consider starting your own electric cars spare parts sale business.
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Electric Car Battery Sales Shop
Electric cars rely on fully charged battery to be able to move. This goes to show that there is a large market for electric car batteries.
So, if you are looking towards starting an electric car related business, then you should consider opening a shop where various electric car batteries from different manufacturing brands will be retailed.
Just ensure that your electric car battery sales shop is rightfully positioned in a city that has loads of people who own and use electric cars and you won’t struggle with your business.
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Refurbishing and Recycling of Electric Car Batteries
The fact that some people might not be able to afford brand new electric car batteries for their cars means that they will always opt for refurbished and recycled electric car batteries.
So, if you are looking towards starting an electric car related business, then one of your options is to go into the refurbishing and recycling of electric car batteries. Just ensure that you know how to get used and worn out electric car batteries and you will do just fine with the business.
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Open an Electric Car Interior Shop
Opening an electric car interior shop is yet another electric car related business idea that an aspiring entrepreneur can successfully start.
Electric car owners sometimes go out of their ways to beautify the interior of their electric cars; they change the steering cover, the car carpets, the seat cover et al.
If you are considering starting a simple electric car related business, one of your options is to specialize in the sale of electric car interior components. Just ensure that you give electric car owners the option of changing the entire outlook of their electric car interior.
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Online Electric Car Sale Business
If you are interested in starting an electric car dealership business and you don’t have enough space to display your electric cars, then one of your options is to start an online electric car sale business.
The advent of the internet has made it possible for people to purchase anything from an online shop and get it delivered to them without stress. Online electric car sale business is cheaper to run when compared to opening a brick and mortar electric car sales garage.
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Online Electric Car Spare Parts Shop
Just like online electric car sale business, if you are interested in expanding the scope of your market as an electric car spare parts dealer, one of your options is to open an online electric car spare parts shop. Online electric car spare parts shop is all about selling electric car spare parts online.
The truth is that it is less stressful and of course profitable to run an online electric car spare parts shop as against running a brick and mortar shop.
In order to successfully run this type of business, you must ensure that you have a secure payment portal, and also a reliable shipping process.
It is easier to gain the confidence of your customers when you get their goods delivered intact and as at when due. So, if you are interested in making money from the electric car industry, then you should consider opening an online electric car spare parts shop.
Another easy to setup electric car related business an entrepreneur should consider starting is the sale of electric car electronics and accessories.
Car stereo, lights, charger, horn, alarms, diagnostic devices et al are part of the stuffs you are likely going to find in an electric car electronic and accessories shop.
If you are interested in making money from the electric cars industry, you should consider opening an electric car electrical and accessories retail shop. Just ensure that your shop is strategically located and you won’t struggle to attract customers on a regular basis.
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Electric Car AC and Accessories Retail Shop
Starting an electric car AC and accessories retail shop is yet another business venture an entrepreneur who is interested in making money from the electric cars industry can start; a shop where everything about electric car AC will be retailed.
So, if you are considering starting an electric car related business, then one of your options is to go into the sale of everything about electric car ACs.
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Production of Electric Cars
Production of electric cars is one of the promising and of course profitable electric car related business idea that an investor who is financially stable should consider starting. The fact that electric cars will soon take over roads in major cities of the world points to the profitability of the business.
Although it is not a joke to setup a production plant, but one thing is certain, if you are able to convince other investors who have same investment ideology with you, you can achieve your dream of owning an electric car production plant.
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Production of Spare Parts for Electric Cars
If you are interested in starting a production based business in the electric cars industry and you don’t have the financial capacity to go into the production of electric cars, one of your options is to go into the production of spare parts for electric cars.
The fact that people make use of electric cars means that there is a market for your product. Just ensure that you come up with good marketing strategies that will help you push your products into the market.
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Production of Diagnostic Equipment for Electric Cars
Another promising electric car related business idea that an aspiring entrepreneur should consider starting is the production of diagnostic equipment for electric cars.
The fact that electric cars can develop faults means that electric car diagnostic equipment will always come in handy, making it a good business to go into.
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Run an Electric Car Diagnostic Center
When electric cars develop fault, the right thing to do is to take the car to a diagnostic center; a place where the fault of the car will be diagnosed and possible repair solutions proffered.
So, if you are looking towards starting an electric car related business, then you should consider opening an electric car diagnostic center. This business is not capital intensive and you can run a mobile electric car diagnostic business.
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Mobile Electric Car Diagnostic Services
If you intend starting an electric car diagnostic center and you don’t have the money to rent a facility, then one of your options is to go into mobile electric car diagnostic services business.
All you need to do is to purchase a reliable electric car diagnostic equipment, learn how to read and interpret it, and then know how to market your services. It is cool way of making money from the electric car industry and you can actually run the business with other business.
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Production of Batteries for Electric Cars
Battery is one of the major components that make electric cars function. This goes to show that there is a large market for electric car batteries.
So, if you are looking towards starting an electric car related business, then of your options is to go into the production of batteries for electric cars.
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Production of Charging Tools for Electric Cars
Another electric car related business that is open to investors is to go into the production of charging tools and ports for electric cars. The truth is that there is a large market for charging tools and ports for electric cars.
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Construction of Electric Car Charging Station
If you are interested in starting an electric car related business, then one of your options is to go into the construction of electric car charging stations.
Infrastructure that supplies electric energy for the recharging of electric vehicles are constructed and installed by professionals.
If you are a software app developer and you are interested in starting an electric car related business, one of your best options is to start developing software apps for electric cars. The fact that electric cars also make use of software apps makes this line of business a profitable one.
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Installing Home Solar Systems with EV Chargers
Another electric car related business idea that is open to technically inclined entrepreneurs is to go into the installation of home solar system with EV chargers. The fact that there are loads of people switching to the use of electric cars makes this business profitable.
Just ensure that you position your business in a location with loads of electric car owners and you won’t struggle to generate income from the business.
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Production of Windows/Windshield for Electric Vehicles
Although electric vehicles and conventional vehicles make use of same windows, but if you are creative and you are interested in starting an electric car related business, then you should consider going into the production of uniquely designed windows /windshields for electric vehicles.
Just ensure that you have perfected your marketing and promotion strategies and you will not struggle in selling your products.
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Production of Electric Cables Used by Electric Cars
There are specifications for all electric cables that are used in electric cars. This goes to show that there are massive business opportunities for those who are into the production of electric cables used by electric cars.
So, if you are interested in starting an electric car related business, then one of your options is to go into the production of electric cables used by electric car manufacturers.
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Production of Tires for Electric Cars
Even though EVs differ quite a bit from conventional vehicles in some aspects of their design, it is a fact that they also share a great deal, such as tires and windows and door hardware and brakes etc, and designing a better version of any of those components, just for electric vehicles, is another possible avenue for entrepreneurs.
So, if you are interested in starting an electric car related business, then one of your options is to consider going into the production of tires specifically design for electric cars.
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Production of Brake Pads for Electric Vehicles
Production of brake pads is yet another thriving and profitable electric car related business that an aspiring entrepreneur can successfully start.
One thing is certain, the brake pads that are designed for conventional cars might not be perfect for electric cars hence the need for the production of brake pads uniquely designed for electric vehicles.
So, if you are interested in starting an electric car related business, then one of your options is to go into the production of brake pads for electric vehicles.
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Electric Tire Retail Shop
Another unique electric car related business that an aspiring entrepreneur can start and make good money from is to open a shop where specific tires designed for electric vehicles will be retailed.
In other to do pretty well with this type of business, you must ensure that you build business relationships with manufacturers of electric car tires and also ensure that you position your store in a location with loads of people who make use of electric cars.
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Start Blogging on Electric Cars Related Topics
Blogging in electric car related topics is one cool way of starting an electric car related business; blogging is all about educating or passing information to people.
Blogging is all about creating usefully and perhaps educative content for a targeted audience on the internet. If you think that you have good knowledge of electric cars, you can make money by sharing your knowledge to a wide range of audience via your blog.
This is how making money from blogging works; if you have good contents on your blog, loads of people will visit your blog.
The larger the traffic that visits your blog, the more money you will make. If you blog attracts huge traffic, you can attract adverts from top corporate organization. You can also earn money from your blog via AdSense, by offering subscription services to members.
Starting an electric car related television program is yet another interesting business idea that an aspiring entrepreneur can start.
There are different mediums through which people learn and one of such medium is through the television. If you are good at developing contents for television, then one of the businesses you can successfully launch is to start an educative electric car related program for television.
You program can be design to educate people on the need to make use of electric vehicles and other related topics. The truth is that if your electric car related television program is well organized, you will attract sponsorship deals from electric cars manufacturers, players in the electric cars industry and even government agencies.
Another electric car related business that an aspiring entrepreneur who is into broadcasting can start is an educative electric car radio program.
So, if you are good at developing content for radio, then you should look towards developing educative electric car related programs for radio. If your electric car related radio program is well packaged, you can easily attract corporate sponsorship.
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Become an Electric Vehicle Consultant
Becoming an electric vehicle consultant is another interesting electric car related business open to professionals. If you are well grounded in the industry and you are looking towards starting an electric car related business, one of your options is to become an electric car consultant.
As an electric car consultant, if you are able to prove your worth, you will be able to consult for manufacturers of electric cars.
Another profitable business that an entrepreneur who is looking towards starting an electric car related business should consider starting is the publishing of electric cars magazine.
When it comes to generating income, magazine companies exploit the sale of their magazines in newsstands, from advertisement from key stakeholders and of course from those who sign on to prepaid subscriptions and when it comes to distributing magazines, most magazines publisher make use of the mailing system, bookshops, strategic news – stands, through registered vendors and selected pick – up locations et al.
Beyond every reasonable doubt, the competition in the magazine industry is high but one thing is certain, if you are able to set a standard in the industry, you are sure going to get committed and faithful readers who would not mind paying annual subscription fee upfront.
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Organize Electric Car Expos
If you are good at organizing events, one of the electric car related businesses that you can successfully start is to organize electric car expos.
There are loads of electric cars manufacturers who are looking for platforms to showcase their electric cars and related products and they wouldn’t mind to embrace your platform if it is well packed and affordable.
Aside from the fee you will get from companies who want to participate in your electric car expo, you are going to get income from sponsorship deals.
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Organize Electric Car Racing Competition
Another electric car related business idea that is open to someone with good organization skills is to start organizing electric car racing competitions.
The truth is that if your electric car racing competition is given good publicity, then you should expect major players like Nissan, Toyota, Audi, BMW, Daimler, Chrysler, Ford, GM, Porsche, and Volkswagen et al who are leaders in the electric car manufacturing industry to participate in your competition.
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Supply Raw Materials Needed in the Production of Electric Cars
Supplying raw materials used in the production of electric cars is yet another electric car related business that is open to someone who is already into the supply of raw materials.
All you need to do to get the business started is to locate an electric car manufacturing plant, enquire from them the raw materials they would need, source for the raw materials and then supply as required. It is one cool way of smiling to the bank as an entrepreneur.
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Manufacturing of Portable Electric Car Power Bank
Manufacturing of portable electric car power banks is yet another electric car related business idea that is open to aspiring entrepreneurs.
You can charge your electric car on the go with portable electric car power bank. This type of device comes in handy when you are out of locations where you can charge the battery of your car.
So, if you are looking towards starting an electric car related business, then you should consider opening a manufacturing plant where portable electric car power bank will be produced.
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Run a Fast Charging Center for Electric Vehicles
Another interesting electric car related business idea that an aspiring entrepreneur should consider starting is to run a fast charging center for electric vehicles. Aside from Japan, Europe and North America also have their own fast charging standard.
This type of fast-charging station is supported by the majority of OEMs, such as Audi, BMW, Daimler, Chrysler, Ford, GM, Porsche, and Volkswagen. Vehicles with fast DC charging capability based on the CCS standard have only been on the road since 2013.
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Electric Car Data Analysis Company
Another electric car related business idea that an aspiring entrepreneur should consider starting is to go open a business that collects and analyzes data for the electric car industry.
The fact that data is key component when it comes to planning and projecting for the future means that stakeholders in the electric vehicles manufacturing industry will be more than willing to pay premium for the purchase of electric vehicles related data.
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Sale and Supply of Portable Electric Car Power Bank
If you are interested in the electric cars industry and you don’t have the financial capacity to open a manufacturing company that is into the manufacturing of portable electric car power bank, then you can go into the sale and supply of portable electric car power bank.
If you have business relationship with portable electric car power bank manufacturers, then you can become their major distributor. You can be rest assured that there is large market for this product.
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Sale and Supply of Brake Pads and Brake Components of Electric Cars
You may not have the money to go into the production of brake pads specifically designed for electric vehicles, but if you are determined and you truly want to start an electric car related business, then one of your best options is to go into the sale and supply of brake pads and brake components for electric cars.
If you have business relationship with brake pads and components manufacturers, then you can become their major distributor.