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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 almost 5-6 times the mileage of a traditional vehicle.

          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. 70/ Ltr & Rs. 80/ 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. 80/ Ltr
c. Cost of Diesel: Rs. 70/ Ltr
d. Cost of Electricity: Rs. 6 / Unit

DescriptionElectric VehiclePetrol VehicleDiesel Vehicle
Range or Mileage120 (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 km0.75 Rs / km
Cost of Running an EV per day (0.75*50)37.5 Rs
Daily Fuel Consumption (Distance [50kms] / Mileage)3.125 Ltrs2.77 Ltrs
Cost of Running per day ( Daily fuel consumption x Fuel Price)250 Rs194 Rs
Hence, the 1-month cost of running a Vehicle1,125/- Rs7,500/- Rs5,817/- 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. 80/ Ltr
c. Cost of Diesel: Rs. 70/ Ltr
d. Cost of Electricity: Rs. 6 / Unit

DescriptionElectric VehiclePetrol VehicleDiesel Vehicle
Cost of Vehicle8,00,000/-8,00,000/-9,00,000/-
Range or Mileage120 (km/ charge)16 (km/ ltr)18 (km/ ltr)
Maintenance cost for 5 years15,000/-40,000/-50,000/-
Cost of Battery1,50,00000
Units of Power consumed 7,500 Units
Cost of Electricity in Rs.45,000/-
Fuel Consumption 3,750 Ltrs3,330 Ltrs
Cost of Fuel in Rs.3,00,000/-2,33,100/-
Hence Total Expense on Vehicle in 5 years10,10,000/- Rs11,40,000/- Rs11,83,000/- Rs


Conclusion: Cost of Running an EV (for 5 years including vehicle cost) is 20% 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.

 

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 Pawar
Arjun is a civil engineer and has 5 years of corporate experience in purchase & contracts. He is owner of a marketing company & has stakes in a construction firm. 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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4 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

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