An electric car is the need of today’s world. Not only is it environment friendly but also cost effective and efficient for city driving. With rising levels of pollution especially in Indian cities, the government vowed to electrify its entire fleet by 2030. Also, with technology advancements and battery cost, EVs are expected to become the next big thing in the near future. Rising fuel prices and climate change concerns have forced people to think in this direction. The only constraint now is the high cost to buy an electric car. However, automobile giants like the Mahindras and Tatas are working towards launching newer models which are not only efficient but also pocket-friendly for the price conscious Indian market. However, since the technology is still in the nascent stage it might take few years to reach that stage.
Why should I buy an Electric Car?
1. Monthly Fuel Consumption – Given the rising petrol and diesel costs, consumers are now looking at buying electric cars for future use. This will not only reduce their monthly fuel costs but will also go a long way in reducing their overall carbon footprint. This is one of the biggest advantages of using electric cars.
2. Peace of Mind – One does not have to bother about low fuel volume when going on a drive. With EVs you know the set drive range of the car and can drive tension-free till that point. With free charging of the car, one does not have to stress about paying hefty fuel prices at the pumps.
3. Early Adopter – The Indian government has set a goal of reaching 100% fleet electrification by 2030. This has created a momentum for the faster and early adoption of EVs in India. About 2,500 electric cars now run on Indian roads, which is a growth of 350%-450% in recent years.
4. Saving Environment – Rising pollution, especially in urban cities has led governments all over the world to support the adoption of electric cars. EVs appear to be the only solution to curb tailpipe emissions in India. According to the International Council for Clean Transportation, an estimated 74,000 deaths occurred due to air pollution from transportation tailpipe emissions in India in 2015. This number is expected to rise with an increasing number of cars in India.
Electric Car Industry Highlights – Present & Future
India has the biggest two-wheeler and three-wheeler market in the world. Most cars in India are sold in the USD 10,000 range to extremely price-sensitive customers. Cars cannot be considered a luxury in today’s time and expecting automakers to sell EVs to this segment is very difficult as batteries cost a lot. Huge progress is being made in EV cars which will replace fossil fuel-based transportation in the future. But if India continues to be so price-sensitive, it will lag behind other countries in electric vehicles. So, government is incentivizing electric cars which will enable India to become a low-priced manufacturer of EVs as other countries are focusing on high end Electric cars (Tesla etc.).
India’s transition to Electric Mobility System can save Rs.20 lakh crore by 2030 on oil imports itself. The Indian Government has enacted various schemes like FAME India II, PLI Scheme, and National Programme on Advanced Chemistry Cell for advancing the country’s progress on the EV path.
Comparison between Petrol Diesel and Electric Car
|Factors||Electric Car||Petrol Diesel Car|
|Cost Per KM||1/KM||7/KM|
|Life Time Expense||15L||15L|
Electric Car Buying Guide
1. Electric Car Policy: Approval from DISCOM is needed to expand existing meter if current meter is less than 7.5kW. For charging an electric car, one must have a sanction load of at least 7.5 kW. In India’s majority of homes have a sanction load of 1 kW, 3kW & 5kW. In many places like Delhi a separate meter is provided/ installed with the purchase of an electric car.
2. Travelling Journey: If your total travel per day is around 70-80km then electric car is suitable for you. It is very appropriate for city driving.
3. Charging Points: Parking space must be available at home or office where you can install a charging point to recharge your cars for next day use. Today, in order to raise popularity and awareness, many big companies are installing charging points as well along with the purchase of an electric car.
4. Range: An electric car gives 200 km to 500 km+ range in city driving with ac and full load capacity.
5. Service and Support: Kindly inquire about a nearby service and support point before buying an electric car as you will need support in case of a breakdown. Many companies like Tata, provide 24×7 emergency and breakdown assistance and an online app for fast assistance and complain redressal.
Electric Car Price in India, 2022
When you are showing interest in buying an electric car, you must be aware about the average cost of electric cars in India. According to online and offline surveys, the price of electric cars starts from rs. 11,00,000 to 28,00,000 or above. It's very simple, the person who wants to buy SUV cars, then he has the option electric care also.
1. Tata Nexon – Nexon is Tata’s electric SUV car starting from Rs. 14,00,000 ex-showroom price in India. It comes with a fast charge – up to 80% charged within 60 minutes, and a battery and motor warranty of 8 years.
2. MG ZS electric – is available for Rs. 24 lakhs in India.
3. Kona Electric – Hyundai’s Kona is an all-electric SUV in India with a price tag of approximately Rs.23-24 lakhs.
4. Tata Tiago – is expected to come at a price range of Rs. 10-11.50 lakhs in India.
5. BMW – BMW i-series is available between Rs.1 crore to Rs. 2 crores in India.
6. Mercedes Benz – is available for almost Rs.1 crore in India.
7. Tesla – is available in a range of Rs.70 lakhs – Rs. 2 crores in India.
Government Subsidy on Electric Car
Delhi Government is giving right now. Below is the detailed information:
- Purchase incentive of ₹10,000/kWh of battery capacity for the first 1000 cars Cap of ₹1,50,000/vehicle
- Delhi crossed 1000-car mark in August 2021, incentives on e-cars subject to further notification of the Delhi Government
Avg. Electricity Bill of Electric Car Charging
Though you save big on petrol/ diesel cost, charging an electric car needs electricity. Charging an EV once will require 30 units of electricity. Depending upon your tariff, you can do the math. Hence, approximately 250 units per month (charging 8 times a month) or Rs. 2,250 per month calculated on a tariff of Rs. 9 per unit.
How to Reduce Electricity Bill?In order to reduce the bill on charging your electric car, you can get a solar system installed. 10kWh Hybrid Solar System is best for Electric Car Charging as well as Running ACs in homes. To get more information, book an engineer visit now.
The demand for electric cars is growing in India and is bound to grow in the future as well. Hope this article gives you a clear picture of the electric vehicle landscape in India. We will be happy to help to install a rooftop solar system for your electric car. We are open to take up any questions/ doubts that you have regarding electric cars or rooftop solar system in India.