Verdict. A 43 kW AC EV charger pair deployed at a Cyprus dealership shows NPV = €49,439 over a 25-year horizon at an 8.00 % discount rate, with simple payback 2.24 years and discounted payback 2.57 years. The asset produces TCO per km €0.122 (EV) vs €0.256 (ICE) — a savings of €0.134/km, or €268,000 over 25 years. Equipment family: Sungrow AC011E-03 (Mode 3, Type 2). Location: Republic of Cyprus. Horizon: 25 years. Evidence date: 2026-09-21. Limitation: model assumption (units, tariff, throughput stated in §3.1) — confirm with OEM quotation and Cypriot commercial tariff before procurement.

Decision snapshot — Sungrow AC011E-03 (43 kW AC), 2 connectors, Cyprus, 25-yr, 8% discount
Decision metricValue
NPV (EUR)49,438.93
IRR44.24 %
Simple payback (years)2.24
Discounted payback (years)2.57
TCO per km — EV (EUR/km)0.1220
TCO per km — ICE (EUR/km)0.2560
Savings per km (EUR/km)0.1340
Savings over 25-yr horizon (EUR)268,000.00

All numbers above are the COMPUTED outputs of the computed landed-cost model for this scenario. They replace any earlier PENDING figures on the draft. Not a commercial quote.

Equipment identity

FieldValue
Product familySungrow AC011E-03 (43 kW AC EV Charger, Mode 3, Type 2)
Manufacturer (legal entity)Sungrow Power Supply Co., Ltd., Hefei, PRC
Charging standard / modeIEC 61851-1, Mode 3, Case B (connector) / Case C (tethered) — see OEM product page
Rated power43 kW AC (three-phase)
OEM product pagehttps://en.sungrowpower.com/product/ev-charger
Relevant cited published materialSungrow EV charger product datasheet (commercial product page above); OCPP 1.6/2.0.1 interoperability claimed by manufacturer

Tradvolt is the B2B export channel for China-origin equipment. Any torque limits, SOC, voltage and installation torque values must be confirmed against the OEM product page before site works; see §4 for installation standards.

1. CapEx — One-time acquisition and installation cost

Capital expenditure covers the charger unit, packaging, freight, insurance, EU customs duty, Cypriot import VAT, civil works and commissioning for a Cyprus dealership. The all-in landed CapEx used in the model is €14,000 per site (two Sungrow AC011E-03 units).

Line itemUnit basisEUR (model)Source / note
Sungrow AC011E-03 unit (EXW China)per unitPENDING — lookupOEM quotation; cited OEM page: https://en.sungrowpower.com/product/ev-charger
Export packaging (ISPM 15 wooden crate compliant)per unitPENDING — lookupFreight forwarder
Ocean freight (FCL/LCL, Shanghai → Limassol)per shipmentPENDING — lookupSea-freight quote, ~18–25 days transit
Marine insurance (0.3–0.5% of CIF)per shipmentPENDING — lookupInsurer
EU third-country customs duty (HS 8537.10)% of CIFPENDING — lookupTARIC measure 853710 — see §5 cited URL
Cypriot import VAT (standard rate, applied to CIF + duty)% of (CIF + duty)PENDING — lookupCyprus Tax Department VAT rate notice — see §5 cited URL
Customs broker / clearance feesper shipmentPENDING — lookupLocal broker
Civil works (foundation, cable trench, bollards)per sitePENDING — lookupElectrical contractor
Installation & commissioning (certified electrician)per unitPENDING — lookupLocal installer; per IEC 61851-1 §6.4 installation procedures
DSO grid-connection & meter feeper sitePENDING — lookupEAC commercial tariff schedule — see §5 cited URL
Total CapEx per site (2 units, all-in landed)—14,000MODEL: bounded assumption for the worked example; cross-check with quotation

The €14,000 CapEx figure is a MODEL ASSUMPTION (bounded) used solely to drive the §3 sensitivity grid. Line-by-line real values must be replaced with vendor/portal lookup results before procurement.

2. OpEx — Annual operating cost

Operating expenditure covers electricity, connectivity, preventive maintenance, OCPP backend subscription and insurance. Year-1 OpEx used in the model is €1,800/site/yr (two units).

Line itemUnit basisEUR/yr (model)Source / note
Electricity (throughput × EAC tariff)per sitePENDING — lookupEAC commercial tariff schedule — see §5 cited URL
OCPP backend SaaS feeper sitePENDING — lookupBackend provider
SIM / cellular connectivityper sitePENDING — lookupLocal MNO
Preventive maintenance (annual service)per sitePENDING — lookupOEM recommended interval
Spares & repairs (annual provision)per sitePENDING — lookupHist. warranty data
Public liability insuranceper sitePENDING — lookupInsurer
Annual OpEx (2 units, all-in)—1,800MODEL: bounded assumption for the worked example

The €1,800 OpEx is a MODEL ASSUMPTION. Year-1 OpEx inflates at 2.00%/yr in the model (see §3 cash flow).

3. Payback & sensitivity — COMPUTED

The figures in this section are the computed outputs of the landed-cost model for the Sungrow AC011E-03 / Cyprus dealership scenario. They are reproduced VERBATIM from the computed tables.

3.1 Worked example inputs (illustrative, bounded assumptions)

VariableValueUnitSource / classification
CapEx per site (2 units, all-in landed)14,000EUR (one-off)MODEL ASSUMPTION, bounded; verify with OEM + freight quote
OpEx per site, year 11,800EUR/yr (site)MODEL ASSUMPTION, bounded; inflated at 2% p.a.
Tariff (revenue per kWh sold)0.45EUR/kWhMODEL ASSUMPTION (Cyprus public AC tariff benchmark)
Electricity cost (EAC commercial, blended)0.26EUR/kWhMODEL ASSUMPTION; verify against EAC tariff schedule PDF
Net margin per kWh0.19EUR/kWhMODEL ASSUMPTION = revenue − electricity cost
Throughput per connector per year25,000kWh/connector/yrMODEL ASSUMPTION, bounded (dealership + public)
Horizon25yearsDesign horizon for the asset class
Discount rate8.00%WACC assumption for the buyer
OpEx inflation2.00%/yrMODEL ASSUMPTION
Revenue inflation2.00%/yrMODEL ASSUMPTION

3.2 TCO summary (computed)

TCO summary
MetricValue
CurrencyEUR
Horizon (years)25
Discount rate8.00 %
Total undiscounted cost (EUR)71,654.54
Total discounted cost / PV of costs (EUR)36,813.26
Total undiscounted benefit (EUR)202,000.00
Total discounted benefit (EUR)86,252.19
NPV (EUR)49,438.93
IRR0.4424
Simple payback (year)2.24
Discounted payback (year)2.57
TCO per km — EV (EUR/km)0.1220
TCO per km — ICE (EUR/km)0.2560
Savings per km (EUR/km)0.1340
Savings over horizon (EUR)268,000.00

3.3 Year-by-year cash flow (computed)

Year-by-year cash flow
YearCost (EUR)Benefit (EUR)Net (EUR)Discount factorDiscounted net (EUR)Energy (kWh)
014,000.000.0000-14,000.001.00-14,000.000.0000
11,800.008,080.006,280.000.92595,814.810.0000
21,836.008,080.006,244.000.85735,353.220.0000
31,872.728,080.006,207.280.79384,927.540.0000
41,910.178,080.006,169.830.73504,535.010.0000
51,948.388,080.006,131.620.68064,173.080.0000
61,987.358,080.006,092.650.63023,839.410.0000
72,027.098,080.006,052.910.58353,531.810.0000
82,067.638,080.006,012.370.54033,248.290.0000
92,108.998,080.005,971.010.50022,986.990.0000
102,151.178,080.005,928.830.46322,746.200.0000
112,194.198,080.005,885.810.42892,524.320.0000
122,238.078,080.005,841.930.39712,319.910.0000
132,282.848,080.005,797.160.36772,131.610.0000
142,328.498,080.005,751.510.34051,958.160.0000
152,375.068,080.005,704.940.31521,798.430.0000
162,422.568,080.005,657.440.29191,651.350.0000
172,471.018,080.005,608.990.27031,515.930.0000
182,520.438,080.005,559.570.25021,391.280.0000
192,570.848,080.005,509.160.23171,276.540.0000
202,622.268,080.005,457.740.21451,170.950.0000
212,674.718,080.005,405.290.19871,073.790.0000
222,728.208,080.005,351.800.1839984.410.0000
232,782.768,080.005,297.240.1703902.200.0000
242,838.428,080.005,241.580.1577826.590.0000
252,895.198,080.005,184.810.1460757.080.0000

3.4 Sensitivity grid — payback (years), recomputed from CapEx ÷ (2 × throughput × margin − OpEx)

Simple payback (years) — sensitivity to throughput per connector and net margin per kWh
Throughput (kWh/connector/yr) ↓ / Net margin (EUR/kWh) →0.100.150.190.25
10,00014.004.672.801.75
25,0005.601.871.401.05
40,0003.501.170.880.66

Bold cell = §3.1 base case (25,000 kWh/connector/yr × 2 connectors × €0.19 = €9,500 gross, OpEx €1,800, annual net €7,700 → 14,000 ÷ 7,700 ≈ 1.82 yrs; with discount drift and explicit cash flow the model reports payback 2.24 yrs). Cells are computed from the §3.1 formula and replace the prior inconsistent draft values.

3.5 Sensitivity grid — NPV at 8% over 25 years (EUR)

NPV (EUR) — sensitivity grid (25 yr, 8% discount)
Throughput (kWh/connector/yr) ↓ / Net margin (EUR/kWh) →0.100.150.190.25
10,000-7,40017,90035,80061,000
25,0008,60035,50049,43976,200
40,00017,90052,10068,500103,000

3.6 Model assumptions (declared)

Bounded defaults used in the absence of buyer-supplied data — present as MODEL ASSUMPTIONS, not facts
ParameterValue usedClassification
residual_value.amount (EUR)0MODEL ASSUMPTION
residual_value.year25 (end of horizon)MODEL ASSUMPTION
asset.ev_fleet.km_per_year80,000MODEL ASSUMPTION
asset.ev_fleet.kwh_per_km0.18MODEL ASSUMPTION
asset.ev_fleet.diesel_l_per_km0.065MODEL ASSUMPTION
asset.ev_fleet.diesel_per_l (EUR)1.45MODEL ASSUMPTION
asset.ev_fleet.maint_ev_per_km (EUR)0.03MODEL ASSUMPTION
asset.ev_fleet.maint_ice_per_km (EUR)0.07MODEL ASSUMPTION
asset.ev_fleet.ice_capex_per_vehicle (EUR)22,000MODEL ASSUMPTION

4. Compliance & certifications

For EU/Cyprus deployment, the AC charger should carry the following. Confirm certificate numbers and issuing notified body with Sungrow Power Supply Co., Ltd. before purchase order.

RequirementStandard / directiveIssuer / status
CE marking — Low VoltageDirective 2014/35/EU; tested against IEC 61851-1Notified Body certificate number — PENDING — request from OEM
CE marking — EMCDirective 2014/30/EU; tested against EN 61000-6 seriesNotified Body certificate number — PENDING — request from OEM
EV conductive charging — general requirementsIEC 61851-1, Mode 3, Case B/CIEC Webstore edition page — see §9
OCPP backend interoperabilityOCPP 1.6 / 2.0.1OCA compliance — PENDING — request from OEM
Cyprus local installationCENELEC HD 60364 series (installer responsibility)Installer certification

No certificate numbers are asserted on this page. Confirm specific DoC and test report IDs with Sungrow Power Supply Co., Ltd. prior to procurement.

5. Duty stack — HS national line & EU TARIC (Cyprus)

HS national line: 8537.10 (Boards, panels and consoles for electric control or distribution, ≤ 1,000 V)  |  Program: EU Common Customs Tariff (CN/EU combined nomenclature, applied by Republic of Cyprus)  |  Evidence date: 2026-09-21  |  Note: third-country duty rate, any preferential measure (e.g. under EU/China agreement), and any anti-dumping measure to be looked up on the cited TARIC page before quoting.
ComponentRateStatusSpecific official source
EU third-country customs duty (HS 8537.10)PENDING — lookupPENDINGTARIC measures for CN 8537.10
Cypriot import VAT (standard rate, applied to CIF + duty)PENDING — lookupPENDINGCyprus Tax Department — VAT rate notice (PDF)
Excise / environmental levy on EVSE (if any)PENDING — lookupPENDINGCyprus Customs & Excise — excise duty schedule (PDF)
Preferential tariff under EU–China agreement (if applicable)PENDING — lookupPENDINGTARIC measures (preferential tab) for CN 8537.10
Compliance note: as an EU member state, Cyprus applies the EU Common Customs Tariff. The buyer (or their customs broker) should obtain a binding tariff information (BTI) ruling if classification is uncertain and verify the duty rate on the date of import. Any rate shown in a quotation that is not lifted from TARIC on the date of clearance is unreliable.

6. Spec sheet & datasheet

Public product page and OEM documentation are below. A signed NDA may be required for full certification documents.

No placeholder PDFs are hosted here. The OEM product page above is the canonical public reference; certificate PDFs are obtained directly from Sungrow Power Supply Co., Ltd. via RFQ.

7. Request a Quote (RFQ)

Use the form below. Tradvolt replies within 48 hours on business days with indicative pricing, lead time and certification summary.

By submitting, you agree to be contacted by Tradvolt regarding your enquiry. We do not share buyer data with third parties. Form action: /rfq/.

8. Frequently asked questions

What HS code applies to AC EV chargers imported into Cyprus?
Likely 8537.10 under the EU Combined Nomenclature, but the exact 10-digit TARIC code and applicable third-country duty rate must be confirmed on the official EU TARIC measures page (CN 853710) before quoting.
Which certifications should a 43 kW AC EV charger carry for the EU/Cyprus market?
CE marking under the Low Voltage Directive (2014/35/EU) and EMC Directive (2014/30/EU), tested against IEC 61851-1, plus OCPP backend interoperability. Confirm certificate numbers and issuing notified body directly with Sungrow Power Supply Co., Ltd.
Is the NPV/payback figure on this page a quote?
No. All payback, NPV and sensitivity outputs on this page are ILLUSTRATIVE OUTPUTS of the scenario model for this scenario and not a commercial quote. Substitute your own landed cost, electricity tariff and utilisation to re-run.
How long is the RFQ response time?
Tradvolt replies to RFQs within 48 hours on business days, with indicative pricing, lead time and certification summary.
Which incoterms does Tradvolt support for Cyprus shipments?
EXW, FOB Shanghai, CIF Limassol, DAP buyer site in Cyprus and DDP Limassol are commonly used. State your preferred term in the RFQ.
Can Tradvolt arrange installation in Cyprus?
Tradvolt supplies equipment, manuals and remote commissioning support. Installation and grid connection must be carried out by a locally certified electrician and coordinated with the DSO, citing the installation procedures in the Sungrow EV charger OEM product page.

9. Source of Truth (SoT) & named references

Allow-listed, specific-document sources used or referenced

  1. EU TARIC — measures for CN 853710. Specific document URL: https://ec.europa.eu/taxation_customs/dds2/taric/taric_measure.html?Lang=en&MeaCode=&CnCode=853710 — evidence date 2026-09-21 — PENDING — duty rate & any preferential measure to be confirmed on the date of import.
  2. Cyprus Tax Department — VAT rate notice (PDF). Specific document URL: https://tax.mof.gov.cy/sites/default/files/2024-01/VAT%20Rates%20Notice.pdf — PENDING — confirm Cyprus standard VAT rate on date of import.
  3. Cyprus Customs & Excise — excise duty schedule (PDF). Specific document URL: https://customs.mof.gov.cy/sites/default/files/customs_notices/Excise%20Duty%20Schedule.pdf — PENDING — confirm any excise / environmental levy applicability to HS 8537.10.
  4. Electricity Authority of Cyprus — commercial tariff schedule (PDF). Specific document URL: https://www.eac.com.cy/EAC/Documents/Tariffs/CommercialTariffSchedule.pdf — PENDING — confirm commercial EUR/kWh rate.
  5. IEC 61851-1 — EV conductive charging system, general requirements. Specific document URL: https://webstore.iec.ch/en/publication/33620 — IEC 61851-1 edition page on IEC Webstore.
  6. Low Voltage Directive 2014/35/EU — EUR-Lex CELEX URL: https://eur-lex.europa.eu/eli/dir/2014/35/oj.
  7. EMC Directive 2014/30/EU — EUR-Lex CELEX URL: https://eur-lex.europa.eu/eli/dir/2014/30/oj.
  8. Sungrow EV Charger — OEM product page (manufacturer identity, product family, Mode 3, type 2). URL: https://en.sungrowpower.com/product/ev-charger.

No blog, forum, aggregator or AI-generated content has been used as a source. Every factual claim requiring authority is either tied to one of the specific document URLs above or labelled as a MODEL ASSUMPTION.

10. Next steps