Is Electric Cars Worth the Money for Regular Car Buyer?

With the advent of electric vehicles, many people began to analyse their recent purchases and wondered if they should wait to buy something that can save them a lot of money in the long run. Especially in the current climate of rising petrol prices, it’s not hard to understand why they are thinking about it again. Understanding the pros and cons of plug-in cars can help you buy your next car with confidence.

The most notable and important thing about electric cars is that they still require money to run. Plugging your electric car into a household outlet will increase your electric bill. Today’s gas prices are around  Rs 110 per litre. For electric vehicles, this is undoubtedly a good idea! You can apply the savings to your car payments, which leads to the next point.

The price of the latest electric cars in India starts from 15lakh, which is feasible compared to the widely available prices of conventional gasoline-powered vehicles. Moreover, you can also save money by not buying gasoline and you will see another professional who advocates plugging in a car. By using the money you save on car payments, you can pay off your car faster and see almost immediate savings.

Latest electric cars have some drawbacks, although they seem to be an alternative to gasoline cars. It takes a few minutes each day to drive to the gas station to fill up with gas, while electric cars take several hours to charge. If you can charge it overnight or at work, that’s great. But let us say you want to take a trip to a nearby city. You’ll need to make sure the destination is less than 100 miles away, otherwise, you can use the charging station on the way there. In the long run, you also need to weigh whether it’s worth adding those hours to your itinerary? If you often drive more than 100 miles, then electric cars do not fit your lifestyle. Since the extra charging time is required while driving, you will lose more time getting to your destination.

Fortunately, unless you are a frequent traveller, the pros outweigh the cons when buying an electric car. With the added benefits of no exhaust fumes being emitted, near-zero vehicle maintenance (oil changes and emissions testing are obsolete on electric vehicles), and very quick acceleration from zero to 60, electric vehicles are indeed worth the money. Unfortunately, the only major problem is that it’s hard to find them. So if you happen to find a dealer selling electric cars in India, you should go for it immediately! More importantly, when buying an efficient car like an electric car, look for the best car insurance.

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