Advantages of Electric Vehicles in India

As the third-largest auto market, India aims to become the top market globally in the near future. By 2030, the central government plans a substantial increase in Electric Vehicle (EV) sales by 30% for private cars, 70% for commercial vehicles, and 80% for two and three-wheelers.

 

India is looking for a transportation revolution, and the transition towards electric vehicles signifies a positive step in this direction. The advantages of electric vehicles include government incentives, environmentally sustainable mobility and lower operational costs. India is at the forefront of the EV revolution, and there are numerous advantages to using electric vehicles (EVs) in the country. Here is a comprehensive list that explains these benefits in detail.

 

Advantages of Buying Electric Vehicles in India

The advantages of electric vehicles in India are numerous, and some important among them are given here:

1.Government Incentives

With programs like FAME II and PLI, the Indian government gives incentives and subsidies to encourage the use of electric vehicles and maximise their benefits. More consumers will be able to afford and have access to EVs because of these advantages, which include lower loan interest rates, lower GST, and lower purchasing costs.

With a maximum subsidy of up to Rs 2.5 lakh depending on the type of vehicle chosen, there are currently many FAME-approved electric car models available in India.

 

2.Reduced Dependency on Fuel Prices 

One of the significant benefits of EV cars is a reduced dependence on traditional fuel sources such as petrol or diesel. India's heavy reliance on imported fossil fuels can be resolved through the use of electric cars, which primarily run on electricity. Using the electricity generated from renewable sources, the country can reduce its reliance on foreign fossil fuels.

 

3. Lower Maintenance Costs

You can save a lot of money on fuel as you don't need to pay for petrol or diesel. Using sustainable energy sources, like solar power, can further lower your electricity costs.

Electric vehicles don't have as many moving parts as other vehicles have. This means that over time, your electric car's maintenance expenses will be reduced to a greater extent.

 

4. Environmental Benefits

Electric vehicles have a significantly positive impact on the environment by contributing to the reduction of air pollution. Unlike traditional vehicles, electric vehicles produce zero emissions, making them an excellent choice for India, where air pollution is a grave concern. By opting for electric vehicles, India can take substantive steps towards becoming a greener and cleaner nation, effectively decreasing its carbon footprint.

 

5. Lesser Noise

Compared with petrol or diesel vehicles, electric vehicles produce minimal noise, so they help in reducing noise pollution. As there would be engine vibrations, traditional vehicles that run on petrol or diesel produce unpleasant noise. EVs produce no vibration at all, so if you want to enjoy more peaceful travel, driving an EV is always the best option.

 

6. Wonderful Driving Experience

Vehicle manufacturers use the latest manufacturing guidelines, superior components, and highly advanced technical concepts for making electric vehicles. To provide an enjoyable driving experience, EVs also have improved interiors, strong torque, sophisticated braking and upgraded steering.

 

7. Easy To Charge

The next electric car advantage is the convenience of charging at home, which eliminates the need to wait in long queues at fuel stations. By plugging the electric vehicle into a home charging facility, it takes approximately 4 to 5 hours to charge (it varies for different models), saving time and offering an easy charging experience.

 

In case of time constraints, fast-charging facilities or battery-swapping services can provide quick solutions. This ensures that drivers can reach their destination without significant delays.

 

8. Comfortable and Spacious

Electric vehicles don't have Internal Combustion Engines (ICE), so they provide an advantageous design element, which allows manufacturers to create more spacious and comfortable interiors.

 

The absence of large engines creates ample cabin space in EVs and offers additional storage areas. These design features improve the comfort of passengers, providing a more open and accommodating environment inside the vehicle.

 

9. Insurance Benefits

Electric cars come with insurance advantages due to their inherent characteristics. Insurance providers offer Comprehensive and Third-Party Electric Car Insurance policies. Also, there are add-on covers such as personal accident cover and other coverage. These additional policy features offer extended protection and reassurance to the policyholder.

 

Initiatives to Promote EVs in India

In India, the government has introduced several initiatives to encourage the adoption of EVs. These include:

 

FAME I & II (Faster Adoption and Manufacturing of Hybrid and Electric Vehicles): This governmental program incentivizes the purchase of EVs and facilitates the installation of charging infrastructure.

 

NEMMP (National Electric Mobility Mission Plan): Launched in 2020, this plan aims to achieve a target of 30% electric vehicles on Indian roads by 2030.

 

Tax Benefits: The government plans to offer an additional income tax deduction on interest paid for loans used to purchase electric vehicles.

 

PLI (Production Linked Incentive): This scheme is aimed at improving domestic manufacturing and attracting global companies to invest in the Indian market.

 

Promotion of EVs Government Fleet: To encourage the use of electric vehicles in the public sector, the government plans to replace existing government vehicles with electric ones.

 

Conclusion

The advantages of EV vehicles go beyond just cost savings. As technology improves and charging infrastructure expands, the benefits of electric cars are going to revolutionise the automotive industry. As the time has come for you to consider electric cars for mobility, don't forget to insure your car from top Electric Car Insurers like Shriram General Insurance.

 

FAQs

1. Which insurance is suitable for electric cars?

Electric cars can suffer from damage through collisions, fires, theft and other natural or man-made disasters. Having Electric Car Insurance in such situations is essential for covering such damages. Opt for Comprehensive Electric Car Insurance for broader coverage.

 

2. Do EVs need to have regular maintenance?

EVs require less maintenance than petrol or diesel vehicles, even though their condition depends on driving habits and the weather.

 

3. What would be the future of electric cars in India?

With government incentives, growing infrastructure for charging, reasonably priced models, and rising customer awareness, the future of electric automobiles in India is bright.