This is the most asked and confusing question. Let’s clear the doubt here.
As you know, an Electric Vehicle (EV) is powered by an electric motor that uses electricity from a battery. Unlike regular cars that run on petrol or diesel, EVs use electricity as their main power source.
The two main types of electric vehicles are:
Battery Electric Vehicles (BEVs): These are fully electric and do not have an internal combustion engine.
Hybrid Electric Vehicles (HEVs): These use both an electric motor and a petrol/diesel engine, switching between the two depending on driving conditions.
Before you make a decision, it’s very important to evaluate different aspects such as cost, fuel efficiency, maintenance, and more. Here are the factors you should consider when deciding between an EV and a petrol/diesel car:
Initial Purchase Price:
Electric Vehicles (EVs) usually cost more than petrol or diesel cars. This is mainly because batteries are expensive. For example, an Ola S1 X EV starts at around ₹74,000 lakh, and a Tata Nexon EV starts from 12.49 lakhs, while a similar petrol car starts at about ₹6-7 lakh. However, our government offers incentives like tax breaks and subsidies for EV buyers, which can help lower the cost.
Running Costs:
EVs have lower running costs because electricity is cheaper than petrol or diesel. Charging an EV costs about ₹1-3 per kilometer, while a petrol or diesel car costs around ₹8-10 per kilometer.
Resale Value:
The resale value of EVs is good but a petrol or diesel car is excellent.
Fuel Efficiency:
EVs are more efficient than petrol or diesel cars. Electric motors convert over 90% of energy into movement, while internal combustion engines only convert about 25-30%. This means EVs use energy better.
Range:
However, petrol and diesel cars have a better range. Most EVs can travel about 250-400 (Cars) kilometers on a full charge, while petrol and diesel cars can go 500-700 kilometers on a full tank. For long trips, petrol and diesel cars are more convenient because refueling is quick and there are many gas stations. Charging stations for EVs are increasing but are still less common.
The biggest advantage of EVs is that they are better for the environment. They run on electricity, which means they produce no tailpipe emissions. This makes them much cleaner than petrol or diesel cars, which release harmful gasses like carbon dioxide (CO2).
The government wants to promote zero-emission vehicles to help reduce air pollution in cities. EVs can help with this problem.
Battery Production Concern:
While EVs are cleaner when they run, making the batteries can harm the environment. Producing lithium-ion batteries requires mining materials like lithium and cobalt, which can cause environmental damage. Also, disposing of old batteries can be risky if not managed properly. However, battery recycling is improving to help with this issue.
EVs: Less Maintenance:
One of the main benefits of owning an EV is lower maintenance costs. EVs have fewer moving parts, so there’s less that can break. You won’t need to worry about oil changes or spark plugs. However, the battery can be expensive to replace if needed.
Petrol/Diesel Cars: More Familiarity:
Petrol and diesel cars have been around longer, and people know how to maintain them. They do need more frequent service, but there are many service centers available.
EV Charging Infrastructure:
A major concern for people thinking about buying an EV is the charging stations. They are becoming more common but are not as widespread as petrol pumps. Charging at home can take several hours. Public charging stations may have faster options, but they are mostly in big cities. If you live in a rural area or travel often, a petrol or diesel car might be a better choice for now.
Refueling Petrol/Diesel Cars:
Refueling petrol and diesel cars is easy because petrol pumps are everywhere. It’s quick and convenient, making these cars ideal for long trips.
The government is encouraging the use of electric vehicles through programs like the National Electric Mobility Mission Plan (NEMMP) and FAME. These programs offer benefits like:
Reduced GST on EVs
Subsidies for buying electric vehicles
Lower registration fees for EVs
Petrol and diesel cars don’t get these benefits, and many states are adding extra taxes for them.
Smooth and Silent Ride with EVs:
One key benefit of EVs is their quiet and smooth ride. They don’t have traditional engines, so there’s no engine noise, and they usually accelerate faster because electric motors provide instant power.
The Familiarity of Petrol/Diesel:
Petrol and diesel cars offer a traditional driving experience that many people are used to. There’s engine noise and gear shifts, which provide a sense of control. These cars also perform better for long trips, heavy loads, and off-road driving.
Here’s a breakdown of how to decide:
Factor | Electric Vehicle (EV) | Petrol/Diesel Car |
---|---|---|
Initial Cost | Higher upfront cost, but subsidies available | Lower initial cost |
Running Costs | Cheaper to run due to lower electricity rates | Higher due to rising fuel prices |
Maintenance | Lower, fewer moving parts | Higher, requires more frequent servicing |
Range | Lower range, dependent on charging stations | Higher range, easy refueling access |
Charging/Refueling | Limited charging stations, slow charging | Quick refueling, widely available petrol pumps |
Environmental Impact | Zero emissions during operation | Produces CO2 and other pollutants |
Government Incentives | Subsidies, tax benefits, and lower registration fees | Minimal incentives |
Resale Value | Good | Excellent |
Deciding whether to buy an electric vehicle (EV) or a petrol/diesel car depends on your personal needs and lifestyle. EVs have many benefits, like lower running costs, less harm to the environment, and government incentives, which make them a good choice for many people. However, petrol and diesel cars might be better for those who need longer ranges, faster refueling, or lower upfront costs. As technology improves and more charging stations are built, EVs will likely become even more attractive. Think about your driving habits, budget, and long-term goals to make the best choice for you.
How can EazyBankLoan help you in taking a loan?
We understand that getting a loan can be very stressful with confusing documents, unclear communication, and various other challenges. That is why we take care of your loan application process, saving you time and hassle by handling the paperwork and communicating with the loan providers.\
Check the details here at EazyBankLoan
Need help? Reach out at support@eazybankloan.com
EVs typically have lower running costs, and reduced emissions, and can offer incentives like tax breaks and rebates.
While many modern EVs offer ranges that are sufficient for daily use, petrol and diesel cars generally provide longer ranges and faster refueling times.
EVs can be charged at home, at public charging stations, or through fast chargers, depending on the infrastructure available in your area.
EVs generally have lower maintenance costs due to fewer moving parts, while petrol and diesel cars may require more frequent servicing.
EV resale values can vary based on market demand and battery life, while petrol/diesel cars may have more established resale markets.
No List Founds!
Your email address will not be published. Required fields are marked *