Electric Vehicles Shop

Business Idea: Start An Electric Vehicles Shop in 2024

Updated: October 2nd, 2024

Avg Monthly Revenue
$62.5K
Avg Startup Costs
$18.9K
Market Size
Avg Revenue
Avg Days To Build
150 days

Electric car shops sell, lease, and can buy back used electric vehicles for re-sale. The increased demand for electric vehicles opens up the opportunity for car dealerships.

If you could start an electric car shop, it could be a promising business opportunity for you since more people are considering EVs as an alternative to gas-powered cars.

Revenue & Profitability

How much do electric vehicles shops make?

Startup Costs

How much does it cost to start an electric vehicles shop?

  • It can cost as low as $2,300 to start an electric vehicles shop.
  • It can cost as high as $35,000 to start an electric vehicles shop.

Learn more about the costs of an electric vehicles shop.

Examples Of Successful Electric Vehicles Shops

Successful electric vehicles shop businesses and case studies

Rydable, an online retailer of electric-powered skateboards, scooters, and hoverboards founded by Terry McGinnis and Kartik Gurmule, achieved break-even within one month of launch and grew their Instagram following from zero to 150k in three months through a smart Instagram strategy and focus on organic sales.

$95K Monthly Revenue
Read by 5,801 founders

UK-based electric bike business GIN e-bikes co-founded by Marina and Rahul successfully sold a few hundred units of their flagship hybrid electric bike, the GIN X, within a few months of launch, through positive word-of-mouth referrals alone, without any paid marketing efforts.

$30K Monthly Revenue
$35K Startup Costs
Read by 1,685 founders

See full list of successful electric vehicles shops.