The amount of money you can save with an EV car depends on several factors, including the cost of electricity, the price of gasoline, your driving habits, and the specific EV model you choose.
On average, EVs are more efficient than gasoline-powered cars and can save you money on fuel costs. According to the US Department of Energy, the cost of electricity to power an EV is generally lower than the cost of gasoline to power a conventional car. In addition, EVs require less maintenance, as they have fewer moving parts than gasoline-powered cars.
The exact amount of money you can save with an EV car will depend on your specific situation. To estimate your potential savings, you can compare the cost of ownership of an EV with that of a comparable gasoline-powered car. This should include the cost of the vehicle, the cost of fuel, and any maintenance or repair expenses.
You can also use online calculators to estimate the cost savings of switching to an EV, taking into account factors such as your daily commute, electricity rates, and the cost of gasoline in your area. Overall, while the initial cost of an EV car may be higher than a comparable gasoline-powered car, the savings on fuel and maintenance costs can make it a more cost-effective option in the long run.
Here are a few examples:
- Mahindra e-Verito: The ex-showroom price of the base variant of Mahindra e-Verito is around Rs. 10.11 lakhs while the price of its petrol counterpart Verito is around Rs. 7.88 lakhs. Assuming that you drive around 1000 km per month and the cost of electricity is Rs. 7 per unit, you can save around Rs. 4000-5000 per month on fuel costs.
- Tata Nexon EV: The ex-showroom price of the base variant of Tata Nexon EV is around Rs. 15.00 lakhs while the price of its petrol counterpart Nexon XE is around Rs. 7.20 lakhs. Assuming that you drive around 1000 km per month and the cost of electricity is Rs. 7 per unit, you can save around Rs. 6000-7000 per month on fuel costs.
- MG ZS EV: The ex-showroom price of the base variant of MG ZS EV is around Rs. 21.00 lakhs while the price of its petrol counterpart MG Hector Style MT is around Rs. 13.18 lakhs. Assuming that you drive around 1000 km per month and the cost of electricity is Rs. 7 per unit, you can save around Rs. 8000-9000 per month on fuel costs.
Please note that these are approximate estimates and the actual savings may vary depending on factors such as your driving style, electricity tariffs, maintenance costs, and more.