EV vs Petrol Car: Which Offers Lower Running Costs?

Choosing between an electric vehicle (EV) and a petrol car often comes down to long-term ownership costs. A comparison based on 50,000 km of driving over approximately three years shows that EVs offer a significant advantage in terms of running expenses.

The fuel or electricity cost for an electric vehicle is estimated at ₹61,538, whereas a petrol car would require around ₹3,03,000 for fuel over the same distance.

Maintenance costs are also lower for EVs. The estimated service cost for an electric vehicle is ₹12,500, compared to ₹30,000 for a petrol car. However, the insurance cost remains the same for both vehicles at ₹54,000.

Overall, the total running cost for an electric vehicle comes to approximately ₹1,28,038, while the total cost for a petrol car is about ₹3,87,000 over the same period.

One of the biggest advantages of an electric vehicle is its substantially lower fuel cost. In addition, EVs have fewer moving parts than conventional petrol vehicles, resulting in lower maintenance expenses.

Overall, an electric vehicle can reduce running costs by around 67% compared to a petrol car over three years of regular usage.