Benefits of Buying An Electric Car

Electric vehicles are no longer a futuristic dream; they’re a reality shaping the automotive landscape. As concerns about climate change, air pollution and rising fuel prices intensify, more Indians are considering the switch to electric cars. Let’s explore the compelling reasons that make EVs a smarter choice for our roads.

Low Maintenance Costs: An often-overlooked advantage of purchasing an electric car is its low maintenance cost. Electric vehicles are neither demanding nor expensive in terms of upkeep. Traditional fuel-powered cars come with a laundry list of maintenance tasks: oil changes, exhaust system repairs, and timing belt replacements. In contrast, electric vehicles have fewer moving parts, which translates to lower maintenance costs. Say goodbye to frequent visits to the mechanic and hello to long-term financial savings. To know in detail about the reasons behind the low maintenance cost, read this blog. 

Lower Running Costs: Fuel expenses can significantly impact your budget. By switching to an electric car, you’ll benefit from reduced fuel costs. Electricity is generally cheaper than fossil fuels, and charging your EV at home or using renewable energy sources (like solar power) can further slash your expenses. Over the vehicle’s lifetime, these savings add up substantially.

The Tata Nexon Petrol, with a fuel efficiency of around 17.01 to 17.44 kmpl, an approximate petrol cost of ₹100 per litre, and a full tank cost of about ₹4,400, has a running cost of about ₹5.8 per km. On the other hand, the Tata Nexon EV, when charged at home at an assumed rate of ₹8 per kWh, costs about ₹241.6 for a full charge and has a running cost of about ₹0.77 per km. If the EV is charged at a station at ₹18.56 per kWh, the full charge cost is around ₹560.71, resulting in a running cost of about ₹1.8 per km.

Zero Emissions, Cleaner Air: One of the most compelling benefits of electric vehicles is their zero emissions during operation. Unlike traditional cars that rely on fossil fuels, EVs produce no tailpipe emissions. By reducing greenhouse gas emissions, we enhance air quality and promote a healthier environment. By driving an electric car, you become part of the solution to combat climate change. To know more about the impacts of carbon emission and the role played by EVs to reduce it, read this blog.

Silent Driving Experience: Step inside an electric car, close the door, and listen. Or rather, don’t listen. Because EVs are whisper-quiet. No engine noise, no vibrations. It’s just you, your favorite tunes, and the road ahead. Say goodbye to the rumble of internal combustion engines and embrace the serene hum of electric motors.

Energy Independence, Charge Up at Home: Owning an electric car means you’re less reliant on imported fossil fuels. As the world transitions toward renewable energy sources, EV owners contribute to energy independence. Imagine powering your car with electricity generated from solar panels on your roof or wind turbines nearby. It’s a step toward a sustainable future. The Tata Nexon can be fully charged overnight at your home, eliminating the need to use public charging stations. While you sleep, your car gets fully charged and is ready to hit the road in the morning. This independence from public charging stations means you no longer need to worry about strikes affecting petrol pumps or trucks.

Tax Incentives and Rebates: Governments worldwide encourage the adoption of electric vehicles through tax incentives and rebates. In India, you’re eligible for a central government subsidy of up to ₹1.5 lakh when you purchase a four-wheeler electric car. Some states provide additional rebates. It’s like getting a discount on saving the planet. For instance, Maharashtra offers a maximum subsidy of up to Rs. 2.5 lakh for four-wheelers.

Under Section 80EEB of the Income Tax Act, you can now avail tax savings of up to Rs 1.5 lakh on the interest paid for a loan specifically taken to purchase an electric car. Initially, this benefit applied only to loans approved between January 1, 2019, and March 31, 2023. However, recognizing India’s commitment to achieving net-zero emissions, the deduction under Section 80EEB has been extended to interest on loans sanctioned after April 1, 2023, encouraging taxpayers to transition to electric vehicles.

EVs currently enjoy a reduced GST rate of 5%. In contrast, vehicles powered by fossil fuel are subject to the standard GST rate of 28%.

Better Performance: Electric cars deliver immediate torque, resulting in a seamless and thrilling driving experience. The acceleration is impressive, allowing you to merge onto highways effortlessly. Plus, EVs are quieter, eliminating engine noise and vibration. Say goodbye to the rumble of internal combustion engines and embrace the serene hum of electric motors. It’s not just acceleration; it’s a revelation. EVs redefine the driving experience.

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Let’s compare the performance of the Tata Nexon EV and its petrol counterpart:

Tata Nexon EV: The Tata Nexon EV is powered by a 95kW electric motor paired with a 30.2 kWh lithium-ion battery pack. It produces 144 PS of power and 215 Nm of peak torque. The Nexon EV can accelerate from 0 to 100 kmph in just 8.75 seconds. The electric motor provides immediate torque, resulting in a seamless and thrilling driving experience.

Tata Nexon Petrol: The Tata Nexon Petrol is powered by a 1.2-litre Revotron petrol engine that produces 120 PS of power and 170 Nm of torque. The Nexon Petrol can accelerate from 0 to 100 kmph in approximately 11 seconds, a slightly longer time compared to the EV version.

Range Anxiety? Not Anymore: Remember the fear of running out of fuel? EVs have a range too, but it’s improving rapidly. Modern electric cars can cover hundreds of kilometers on a single charge.

For instance, in the affordable segment, the Tata Nexon offers a range of 465 km per full charge, while in the luxury segment, the Mercedes Benz EQS provides an impressive 857 km range with its 107.8 kWh battery pack. Plus, charging infrastructure is expanding. Imagine zipping from Mumbai to Ahmedabad in your EV, stopping at fast-charging stations along the way. Range anxiety? Nah, it’s yesterday’s worry. To know how to deal with range anxiety, read this blog.

Freedom from Fuel Price Hikes: Petrol and diesel prices are like rollercoasters—up one day, down the next. As an EV owner, you escape this wild ride. Say goodbye to fretting over fuel price hikes. Your EV runs on electricity, which remains relatively stable. Peace of mind? Check.

Freedom from PUC Checks: Owning an EV eliminates the necessity for regular Pollution Under Control (PUC) checks. Thanks to their clean and emission-free battery-powered operation, EV owners are spared the annual visits to pollution testing centers and the associated paperwork. Unlike conventional vehicles, EVs won’t lead to traffic stops and fines due to missed PUC compliance.

Conclusion: Drive Towards a Greener Future

In this journey through the advantages of EVs, we’ve explored the practical and planet-friendly reasons to make the switch. As you weigh your options, remember that EVs aren’t just cars; they’re a step toward a greener, cost-effective future. Analyze these advantages carefully before making your investment decision.

So, dear reader, consider this your invitation to the electric revolution. Buck tradition, embrace innovation, and drive toward a quieter, cleaner tomorrow. Your financial well-being, the environment, and the legacy you leave for future generations will all benefit from this choice.

And here’s a parting thought: Just as personal computers were once a luxury but are now in our pockets, EVs are on a similar trajectory. As technology evolves, costs will drop, and owning an electric car will be as commonplace as charging your phone.