Global markets, including the Indian market for electric vehicles, are expanding at a fast pace. New models of electric cars and electric bikes are being introduced by leading automobile manufacturers each year. Governments, both at that state and center, have introduced a range of attractive subsidy programs to advance the sale of electric vehicles in India.
While the market for electric vehicles is growing, there continues to be a certain degree of hesitancy among consumers when it comes to making a buying decision.
If this is you and you are unsure about whether an electric car is a good choice for you and your family, you’re not alone in your predicament. Electric cars are a relatively new entry within Indian markets and it is only natural that customers have certain reservations about buying an electric car. Questions about sufficient charging points and other electric vehicle infrastructure are a major consideration.
However, with each passing year, the technology and electric vehicle infrastructure ecosystem is improving.
If you are on the fence about making a buying decision, then this post will help highlight some of the top reasons why you should seriously consider investing in an electric car in 2022 in India.
5 Reasons to Buy an Electric Car India in 2022
The push for green energy is one major factor that is driving the electric car market in India today. However, there are several other factors such as rising fuel costs and attractive government subsidies that make this is a good time to buy an electric car.
Here are the top five reasons why you might want to consider buying an electric car in 2022 in India.
Green Energy vs. Fossil Fuels
The impact of vehicle emissions and the ensuing pollution on our environment is well documented. The world today is crying for alternative green energy to drive our vehicles and industries. The dependence on fossil fuels has to reduce substantially if we want to leave a world worth living in for future generations. This is where a “zero-pollution” fuel option such as electric power can have the greatest impact. Your electric car runs on sustainable and green fuel which means zero pollution.
When you switch to an electric car, you also don’t have to bother with constantly renewing your car’s Pollution Certificate every six months!
Rising Cost of Petrol and Diesel
Rising costs of petrol and diesel is an obvious reason for switching to an electric car. The war between Russia and Ukraine could further escalate and what kind of global repercussions it can have is yet to be seen. However, when major oil-supplying nations go to war, rising fuel costs become inevitable. And the rise will be in addition to what it already is right now!
Another factor to consider here is that fossil fuels are not renewable energy. This means the world is going to run out of fossil fuels sooner than later. In such a scenario, having an alternative fuel source that is substantially cheaper than petrol and diesel is a good enough reason to invest in an electric car this year.
Substantially Lower Cost of Maintenance
If you use an Internal Combustion Engine (ICE) car, then you probably are aware of the service and repair costs you have to incur. The maintenance needs and costs are substantial with a petrol or diesel car since the car comes with several movable parts. So routine wear and tear are to be expected. However, these costs come down drastically with an electric car because electric cars use fewer movable parts – the major parts in an electric vehicle are the motor and battery pack. And there is more good news here because most battery packs of electric cars come with an average warranty of eight years. All in all, your overall maintenance costs will be substantially lower with an electric car.
Attractive Government Subsidies
As mentioned above, state and central governments are now offering attractive subsidies and incentivizing electric vehicle adoption. Because the switch to electric vehicles is now only a matter of time, leading car manufacturers are also focusing on advancing electric vehicle technology.
Given the fact that electric vehicle adoption is still relatively new, for electric vehicles to be cost-effective, large-scale production is the way to go. When the cost of production goes down, the market price will also come down substantially. But this can only happen if governments offer their support vis-à-vis attractive subsidies and incentives.
For this reason, state governments across many Indian states, as well as the central government, are now offering consumers an array of electric vehicle subsidies – both for electric cars and electric two-wheelers.
Zero-Pollution, Silent Driving
As mentioned above, pollution is negligible with an electric car. In addition, to zero emissions and pollution, electric cars also cut down on noise pollution both on the outside and for the passengers inside.
Can you imagine waiting at a traffic signal and not having to hear the normal engine noise that comes from ICE vehicles?
If your electric car can cut down on both environmental and noise pollution, then it is a win-win all the way!
Is this a Good Time to Invest in an Electric Car?
Several leading car manufacturers such as Tata, Hyundai, and Mahindra among others have made their entry into the electric vehicle market. The infrastructure setup for both electric cars and electric two-wheelers has also improved drastically. Not to mention tech advances in the field are happening at a faster pace. However, it still brings up one important question – is this a good time to buy an electric car in India?
For many people, the number one criteria will be budget. At present, the cost of an electric car is still high enough for most families to rethink their decision to make a buying decision. Another factor most consumers will take into consideration is the availability of sufficient charging points. Petrol stations are available within less than 2km ranges within cities and spaced at comfortable distances across the highways.
This is not the case with electric vehicle charging points. Even residential charging networks are developing at a slow pace. Of course, in addition to finding enough charging points, another factor to consider is the time an electric car takes to charge completely. Petrol and diesel vehicles can be fuelled-up and ready to move within minutes. This is not the case with electric cars – the average charging time is around 12 hours. Without sufficient and convenient charging points, long-distance driving can be particularly challenging.
These are some of the considerations that will plague a consumer who is in the market for an electric car.
So should you buy an electric car?
With newer models of electric cars making their entry into the market each year, the consumer has a wider choice range. Not to mention the fact that many car manufacturers are coming up with several budget electric cars in India. With both state and the central government offering attractive subsidies and incentives, the price gap between ICE and battery-powered vehicles does come down quite a bit.
With the increase in electric car sales, there is a concerted effort on the parts of car manufacturers and governments to expand and advance the electric car infrastructure.
Another factor as mentioned above is the rising trajectory of fuel prices. It is becoming increasingly difficult for middle-class car driving families to run their vehicles on present fuel prices.
Not to mention the battering that our environment is facing with rising pollution levels. In fact, during the lockdown period, air quality indexes improved to a level that we hadn’t seen in decades. It was a joy to read about the air levels clearing up enough for people across the northernmost states to view the Himalayan peaks.
So while making a buying decision is hugely subject, the fact is that 2022 is a good year to buy an electric car for you and your family in India.