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What is the cost of running an electric vehicle in India?

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Cost of running electric vehicle VS Fuel Vehicle in India
Cost of running electric vehicle VS Fuel Vehicle in India

            Cost of running an electric vehicle in India is comparatively low to a traditional (petrol/ diesel) vehicle owing to a number of factors. The fuel cost is quite high and also the distance covered by an EV per charge is quite higher.

          Price of Fuel is increasing day by day in India even though Crude Oil is at its historic low worldwide. No matter the price of crude oil in the world, in India, the average rate of fuel will remain at Rs. 90/ Ltr & Rs. 100/ Ltr for Diesel & Petrol respectively.

Cost of Running an Electric Vehicle in India: Scenario 1

We will take 2 simple scenarios and calculate the cost of running an EV, Petrol Car & Diesel Car.

Scenario 1: Calculation for 1 month
Assumptions:
a. Daily travel is 50 km
b. Cost of Petrol: Rs. 100/ Ltr
c. Cost of Diesel: Rs. 90/ Ltr
d. Cost of Electricity: Rs. 6 / Unit (Home charging)

Description Electric Vehicle Petrol Vehicle Diesel Vehicle
Range or Mileage 120 (km/ charge) 16 (km/ ltr) 18 (km/ ltr)
Total Electricity Consumption for a single charge (varies for every vehicle) 15 units
Electricity Usage (total electricity 15 units / range 120) 0.125 unit / km
Cost of Electricity per km 0.75 Rs / km
Cost of Running an EV per day (0.75*50) 37.5 Rs
Daily Fuel Consumption (Distance [50kms] / Mileage) 3.125 Ltrs 2.77 Ltrs
Cost of Running per day ( Daily fuel consumption x Fuel Price) 312.5 Rs 249.3 Rs
Hence, the 1-month cost of running a Vehicle 1,125/- Rs 9,375/- Rs 7,479/- Rs
Example of Cost of Running an Electric Vehicle in India

Example of Cost of Running an Electric Vehicle in India


Conclusion: Cost of Running an EV (per month) is 85-90% cheaper as compared to a Fuel Vehicle

Also Read: How to setup Electric Charging station in India

Cost of Running an EV Car in India: Scenario 2

Scenario 2: Calculation for 5 years
Assumptions:
a. 5 years Distance Travel is 60,000 km
b. Cost of Petrol: Rs. 100/ Ltr
c. Cost of Diesel: Rs. 90/ Ltr
d. Cost of Electricity: Rs. 7 / Unit (Home charging)

Description Electric Vehicle Petrol Vehicle Diesel Vehicle
Cost of Vehicle 9,50,000/- 8,00,000/- 9,00,000/-
Range or Mileage 120 (km/ charge) 16 (km/ ltr) 18 (km/ ltr)
Maintenance cost for 5 years 15,000/- 40,000/- 50,000/-
Cost of Battery maintenance 35,000/- 0 0
Units of Power consumed  7,500 Units
Cost of Electricity in Rs. 52,500/-
Fuel Consumption  3,750 Ltrs 3,330 Ltrs
Cost of Fuel in Rs. 3,75,000/- 2,99,700/-
Hence Total Expense on Vehicle in 5 years 10,52,500/- Rs 18,75,000/- Rs 14,98,500/- Rs


Conclusion: Cost of Running an EV (for 5 years including vehicle cost) is 25-30% cheaper as compared to a Fuel Vehicle.

*Above calculations are based on assumptions.

Also Read: Government initiatives for the Electric Vehicle Industry

Points of concern for Electric Vehicle owners today in India: Following are the points of concern for an EV owner in India.

  • Time taken for a Single Charge: Normally a regular Electric Vehicles takes around 5-8 Hrs to get fully charged. On the other side, traditional vehicles can be refuelled within 2-3 minutes.
  • Availability of Charging Stations: In India, there are almost negligible charging stations available on highways and in cities, which makes it difficult to sustain an EV in long-distance runs.

Conclusion & Future: We have seen from the above calculations that Electric Vehicles are way cheaper than the traditional vehicles and not only do they SAVE MONEY; they are saving our PLANET EARTH as well.

EVs are contributing towards a cleaner and greener environment by helping reduce AIR pollution as well as NOISE pollution.

Calculate running cost of your vehicle and compare with EV running cost here at: https://evduniya.com/calculator

source

Arjun D Pawar
Arjun is an engineer having 9+ years of corporate experience. Arjun is an author of Novel “Masters of Lygrenn”. He is passionate about business and loves reading & writing in his free time. Schedule meeting with me

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10 Comments

  1. The calculations are right but the cost of vehicle is not considered as the current price. Because they are almost the double the price of internal combustion engine.

    1. Dear Sir,
      We have considered the cost of Electric Vehicle in scenario 2, major decision factor for Indian conditions is the monthly maintenance.

  2. I think electric vehicles are more beneficial because there have lots of advantages. Thanks for sharing this post

  3. EV’s are future of India. Concern is their charging and pricing. However govt should make it mandatory by making law for oil pumps to insure of installing EV charging set ups. At the same time EV maker automobile companies must do R & D to get install solar paneled EV’s tops, so that most of the time EV’s don’t need a charging outlet.

    1. ……But the price of EV car is almost double of fuel car in India!!!!

      1. 1. Price of EVs are expected to drop drastically in next 2-3 years
        2. Even though EVs are costly, they are still 10% cheaper than ICE overall, please check second scenario in the article.

  4. Sir,
    In future if laws are not properly defined the EV charging station can charge people with what ever they want on hourly or single full charge basis. And concern of environmentalists is that dead batteries after their life is over are very hazardous for environmental as they are non degradable.

    1. Government will come with regulations for the same in future.

  5. HOW TO CALCUTE PER UNIT ELETRCICTY COSUMPTION

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