4 mins read

Why You Should Not Buy An Electric Vehicle In India Right Now in 2023?

Rate this post

Why you should not buy an electric vehicle in India in 2023, why you should not buy an electric vehicle in India right now, 5 reasons you should not buy an electric vehicle in India

Why you should not buy an electric vehicle in India in 2022
Electric Vehicle

What is Electric Vehicle

You must have heard that electric vehicle is the future of our country. Before buying an electric vehicle I would like you to read this article to know why you should not buy an electric vehicle in India right now. First, let me explain about an electric vehicle. An electric vehicle is an alternative version of a petrol or diesel engine vehicle. This means the vehicle runs on batteries instead of petrol or diesel.

An electric vehicle is a perfect alternative to petrol and diesel engine vehicle and the cost incurred for the one-time charge is comparatively less. An electric vehicle is indeed going to be the future vehicle and the government will slowly restrict the use of petrol and diesel engine vehicles.

Here are the five reasons why you should not buy an electric vehicle in India right now in 2023 or probably after a year.

1. High cost

The cost of an electric vehicle is almost 20 to 40% more than a petrol or diesel engine vehicle. For example, the cost of the Ford F-150 is Rs 25,18,674 (as per US dollar) and the EV version cost is Rs 31,92,052. 

2. Charging stations

In China, there are 14 lakh charging stations and the US also has millions. However, India has around 2000 charging stations. Moreover, the new charging stations developed are not charging the vehicle as fast as they should be. We don’t have more than 1 lakh charging stations, you should probably delay the plan of buying an EV. 

EV Fleet
EV Fleet

Average charging takes 45 minutes to 2 hours. If another vehicle is already charging at the charging station, then you can imagine how long you have to wait when you are on a long drive on a highway with your family

3. Battery cost

The EV makers claim that the battery has a long life of 10 years, whereas, they give a warranty of only 5 to 7 years. Now assume that you need to replace the battery in the 8th year of buying an EV, are you ready to pay additional Rs 5 to 7 lakhs for battery replacement? The amount is equivalent to an average low-model new car cost.

4. EV is not eco friendly

Although the vehicle does not use petrol or diesel it uses electricity which is produced by burning coal. Coal burning releases millions of tonnes of smoke causing air pollution. This means we are heavily polluting our environment just for the sake of saving petrol and diesel.

Similarly, the manufacturing of lithium-ion batteries also releases a lot of chemicals which indirectly results in land and air pollution. The disposal process of a battery is also a difficult task.

5. Fast charging installation at home

It is not feasible to install fast charging wires just to charge an electric vehicle at home. Moreover, the wiring is not suitable for fast charging EVs. This makes it very difficult to go for a long drive on an EV

Conclusion

The electric vehicle is the future of the world but not for India right now. Let me know in the comment section if you are going to buy an electric vehicle right now or wait for some time. 

Frequently asked questions

1. What are the four types of electric vehicles?

Battery electric vehicles, hybrid electric vehicles, plug-in hybrid electric vehicles, and fuel cell electric vehicle

2. Which are the best electric vehicles in India?

Tata Nexon, MG ZS, Tata Rigor, Hyundai Kona, Mahindra e2o Plus, and Mahindra e-Verito

3. How much does it cost to charge an electric vehicle in India?

The full charge will cost around Rs 100 to 200. The charging cost at home would be around Rs 180 to 400

4. How long does it takes to charge an electric car?

30 minutes to 2 hours at charging station and 30 minutes to 8 hours at home

5. Should I charge my electric car every night?

No, you should not charge your electric car every night

6. How far can an electric car go in a single charge?

More than 200 miles

If you want to open demat account with India’s best broker, click here

Related Searches

How India’s electric vehicle adoption is helping China to earn money?

How this ingredient at your home can help you to get rid of stress?

10 money lessons you should know

(Technical Analysis) Apple Inc Share Price Target 2023 to 2030