Is it worth buying an electric car in India? If you are looking for an electric car for your short daily commutes, then an EV is worth the money as it will reduce your commute costs in the long run. The maintenance cost of an electric car is also less when compared to a conventional car.
What are the benefits of buying an electric car in India?
All EVs are currently subjected to a lower rate of the Goods and Services Tax (GST) at 5 per cent, which can be nearly 6 to 8 times less than that of petrol and diesel cars. First-time individual buyers who take a loan can also get tax benefits of up to Rs 1.5 lakh under Section 80EEB of the Income Tax Act.
Is it worth to buy electric car?
Electric cars not only reduce your carbon footprint, they can save drivers thousands of dollars each year. … But costs will still be lower than owning a car that uses gas. Buyers can also get a federal tax credit of up to $7,500 with the purchase of an all-electric or plug-in hybrid car.
Which is best electric car in India?
Top Electric Cars in the Indian Market
- Tata Nexon EV. With a 3 Phase Permanent Magnet Synchronous Motor, the Nexon EV is one of the most impressive EV SUVs out there. …
- MG ZS EV. …
- Tata Tigor EV. …
- Hyundai Kona Electric. …
- Mahindra e2oPlus. …
- Mahindra e-Verito.
Is it worth buying an electric car in 2020?
The answer is yes, in the long run, you absolutely save money. When you buy an electric car there is a high up-front cost, but your electric vehicle ends up costing less over a lifetime. … What’s more, electric cars don’t cost a lot to run, with big savings on fuel costs, servicing and car parking.
What are the disadvantages of electric cars?
What Are the Disadvantages of Owning an Electric Car?
- Electric cars have a shorter range than gas-powered cars.
- Recharging the battery takes time.
- They are usually more expensive than gas-powered cars.
- It can sometimes be difficult to find a charging station.
- There aren’t as many model options.
Which is the cheapest electric car in India?
Of these, the Strom Motors R3 is the cheapest EV while the Mercedes-Benz EQC is the most expensive electric car in India.
Electric Cars Price List 2021.
|Tata Nexon EV||Rs. 13.99 – 16.85 Lakh*|
|Jaguar I-Pace||Rs. 1.05 – 1.12 Cr*|
|Strom Motors R3||Rs. 4.50 Lakh*|
Why you shouldn’t buy an electric car?
EVs, while expensive to purchase, may be cheaper in the long run because the vehicles require less maintenance and aren’t bound by fluctuating gas prices. However, the drawbacks, including range anxiety, price, recharging length, and high chances of motion sickness, may outweigh the pluses.
Why do electric cars fail?
Electric cars are severely limited by several drawbacks, including: A shortage of charging stations. High electricity costs. Disappointing battery capacity that limits the distance the cars can be driven between charges.
Do electric cars need oil changes?
An electric car doesn’t require motor oil, as it uses an electric motor instead of an internal combustion engine. Traditional gas vehicles need oil to lubricate several moving pieces in their combustion engines. … Thus, regular oil changes aren’t necessary for electric vehicles.
Are electric cars the future?
With battery prices reportedly falling 73% since 2010, electric cars are expected to be as cheap as fuel-powered cars in the foreseeable future. The International Energy Agency cites that by 2020 up to 20 million electric vehicles will ply the road, a number that is expected to go up to 70 million by 2025.
Which Indian electric car gives highest mileage?
The Hyundai Kona is the only vehicle on this list which is available in India. The Kona Electric is offered in India for a price tag of Rs 23.7 lakh, and is rated to deliver a maximum driving range of 452kms by ARAI for the 39kwh battery pack version when driving in India conditions.
How long do electric cars last?
For now, conservative estimates for battery longevity in new electric vehicles stand at about 100,000 miles. Proper care can help extend the life of batteries. We know of many examples of EVs with hundreds of thousands of miles using the original battery.
Is electric cheaper than petrol?
Electricity costs much less than petrol or diesel and electric cars require less maintenance than an internal combustion engine (ICE). In addition, there are various incentives offered such as government grants or schemes, Vehicle Excise Duty discounts or exemption and also exemption from Fuel Duty.