Ireland Electric Vehicle Charging Infrastructure Development Feasibility Study with EV Market Outlook

Executive Viability Abstract

This feasibility study evaluates the strategic deployment of a nation-wide EV charging network in Ireland, aligned with the National EV Charging Infrastructure Strategy 2022-2025. The study concludes that the project is highly viable given the Irish government's target of 945,000 electric vehicles by 2030 and the current supply gap in high-speed DC charging infrastructure along the TEN-T network and urban hubs.

## Market Analysis Ireland's EV market is entering a rapid growth phase. As of 2023, EV registrations have shown a year-on-year increase of over 45%. The Climate Action Plan mandates a significant shift away from ICE vehicles, creating a supply-demand imbalance in public charging points. Currently, Ireland has approximately 2,100 public charge points; however, the majority are standard AC units. There is a critical need for 'En-route' ultra-fast charging (>150kW) and 'Destination' charging in regional towns. ## Technical Feasibility The project focuses on a hub-and-spoke model. Technical requirements include Tier 1 hardware compatible with OCPP 1.6/2.0 protocols. Key challenges include grid capacity constraints in rural areas requiring ESB Networks upgrades. The use of battery-buffered charging stations is proposed for sites with limited grid connection to maintain high power output. ## Financial Projections The financial model assumes a 10-year operational horizon. Capex is dominated by hardware procurement and grid connection fees (approx. 65% of total initial investment). Revenue is driven by a mix of ad-hoc charging fees, monthly subscriptions, and B2B fleet partnerships. Break-even is projected within the 6th year based on a 15% average daily utilization rate. ## Risk Assessment Primary risks include regulatory changes in electricity pricing and potential delays in grid connection approvals by ESB. Mitigation involves long-term PPA (Power Purchase Agreements) to hedge energy costs and selecting sites with pre-existing high-capacity infrastructure.