Why are Electric Vehicles so Expensive?

Electric vehicles are a good option for city riders. Electric vehicles have a number of advantages and also have some disadvantages also. Let’s talk about the full details- 

Why are Electric Vehicles so Expensive?

Well, I don’t know why this question arrives in everybody,s mind. I will clear this doubt today mathematically. 

From the early days, much recharge has been done on the application of electric traction in automobiles, and a number of vehicles have been constructed. But electric cars are not used partially for commercial purposes due to the difficulty of producing sufficient electric energy, as the current for the motor is supplied from storage batteries. Unless inexpensive storage batteries are available in sufficient quantities capable of supplying high-voltage continuous energy to the motor. 

Well, understand the factors now- 

  • The upfront cost of an electric vehicle in India is generally higher than that of a petrol vehicle, but this cost can be offset by lower fuel and maintenance expenses over time.
  • take the example of a Tata Nexon EV, which has a starting price of around 14.99 Lakh, while a petrol version of the same model starts at around 7.79 Lakh.
  • The cost of charging an electric vehicle in India is approximately 8 per kWh, while the cost of petrol is around 99.86 per liter.

  • Let’s assume that you drive 15,000 km per year and your electric vehicle has a range of 312 km on a single charge. To cover the 15,000 km, you would need to charge your electric vehicle 48 times, for a total cost of 11,520 (48 * 240). [ 240 = Rs.8 per kWh * 30 kWh (battery capacity)]
  • On the other hand, if you were driving a petrol vehicle that got 10 km per liter, you would need to refuel 1500 liters of petrol, for a total cost of 145,140 (1500 * 96.76).

  • So, by switching to an electric vehicle, you could potentially save ₹133,620 in fuel costs alone over a period of one year. This calculation does not include the additional savings from lower maintenance costs associated with EVs, which have fewer moving parts and therefore require less frequent maintenance and repairs.

  • Therefore, while the cost of an electric vehicle in India may be higher than that of a petrol vehicle, in the long run, the lower fuel and maintenance costs can make it a more economical choice.

Above I mentioned a chart through which you can find out your fuel cost ( per day/year), electricity cost ( per day/year), saving per year and How many years will it take you to cover the difference.

Advantages of Electric Vehicle- 

Let’s talk about the advantages of electric vehicles- 

Light and cheap- 

Electric vehicles are very lightweight because the extra parts of traditional cars are not needed in battery cars. The price of an electric car can also vary widely, ranging from relatively affordable models to luxury models that can cost several hundred thousand dollars. Not all battery cars are lightweight. The weight of the battery can increase the weight of the car. 

Low maintenance cost- 

Electric cars have a single-speed transmission, which is simpler and cheaper than the multi-speed transmissions found in regular cars. However, electric motors are more expensive than internal combustion engines. So the maintenance cost is much lesser than the traditional gasoline cars. 

Silent in operation- 

Electric cars are silent in operation because they don’t have an internal combustion engine that creates noise when it burns fuel. The only noise in electric vehicles is wind resistance and tire sounds. Electric cars are really quiet and do not hamper the environment. 

Free from Vibration- 

Electric cars produce less vibration compared to other vehicles. Internal combustion engine combustion makes the engine and cars vibrate. The density of different types of gasoline makes the car noisy and vibrate. As electric vehicles are operated by battery and have no engines, that makes the car more peaceful. 
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