EV Car can save a lot of money #cars #petrol #finance #education

🔸 Electric car prices in India is definitely on the higher side compared to their petrol counterparts at the moment. This could be attributed to the cost of the batteries, which are not like other batteries. They are made of cutting edge technology that offers maximum endurance on a single charge. The electric vehicle price is likely to come down in a couple of years as the technology improves and becomes more widespread; however, for now, you will have to shell out 25-30 percent more for EVs than petrol/ diesel vehicles.

🔸 This doesn't make investing in electric vehicles a bad idea altogether. If you consider the running cost of an electric car, you may end up saving tons of money a few years down the line.

Electric car vs petrol car: running cost

➡️Typically, an electric car would have a running cost of Rs 1.2-1.4 per km, while petrol prices hover around Rs 9-10/km. If you factor that into the long-term, say 6 to 8 years, the total you would end up spending on battery charging would barely be over Rs 1 lakh due to the low electricity prices. On the other hand, a typical fuel run car would require around Rs 4.5 lakhs worth of petrol/diesel for the same time duration. Simply put, electric cars are way cost-efficient in the long run even if they cost more to buy.

🔸 This is the e-AMRIT (Accelerated e-Mobility Revolution for India’s Transportation) portal for creating awareness about electric mobility in India. The portal aims to serve as a ‘one-stop site’ to provide all the information related to the adoption of electric vehicles in India. e-AMRIT is the result of a joint initiative between NITI Aayog and the UK Government.

➡️At the portal you’ll get bunch of tools where you can check the and compare the different EV, cost of operating your EV, Charging station location etc. It is basically one stop solution for all you EV related queries.

The link for the portal I’ve shared in bio

Source: e-AMRIT, livemint
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#car #cars #ev #cardealership #moneysavingtips #showroom #financialeducation