Petrol vs EV: Which car is best for daily office commuting? Understand with 5 year calculation

Petrol vs EV: Which car is best for daily office commuting? Understand with 5 year calculation

by with No Comment Car Review

Petrol vs Electric Car: Choosing the right car for daily commute is a big decision for every working person. While petrol prices in the country remain around ₹ 100 per litre, on the other hand, electric vehicles (EVs) are attracting everyone's attention with their promise of low running costs. But is buying an EV really beneficial for everyone?

To solve this dilemma, we will understand the complete mathematics of the next 5 years by taking the example of India's most popular compact SUV Tata Nexon and Tata Nexon EV. From this calculation it will become clear to you that which car will be best according to your budget and needs for going to office daily?

Petrol Car vs EV: Daily expense of going to office

Let us assume that your car travels 40 kilometers daily, including the distance from your home to office and weekend travel. According to this, the monthly running of your vehicle will be around 1,200 kilometers and the annual running will be 14,400 kilometers. In 5 years your car will travel a total of 72,000 kilometers.

Tata Nexon Petrol: Its starting on-road price in Delhi starts from around ₹ 8.5 lakh. It gives a mileage of around 14 km/litre in the city. At the rate of ₹100 per liter of petrol, your expenditure on fuel alone in 5 years will be ₹5,14,285.

Tata Nexon EV: The on-road price of its base variant is around ₹ 13.2 lakh. On home charging at the rate of ₹ 8 per unit, this car runs at ₹ 1.1 to ₹ 1.4 per kilometer. In this way, the total cost of charging in 5 years will be only between ₹ 80,000 to ₹ 1,00,000.

5 Year Total Cost of Ownership (TCO)

When buying an EV, you have to pay around ₹4 to ₹4.5 lakh more, which is called 'green premium'. Let us see what is the total cost of ownership including 5 years of service, insurance and fuel/charging-

Type of expenditure (5 year estimate) Tata Nexon Tata Nexon EV
Starting On-Road Price (Approx) ₹8,50,000 ₹13,20,000
Fuel/Charging Cost (72,000 km) ₹5,14,285 ₹96,000
Maintenance and service expenses (5 years) ₹60,000 ₹25,000
Insurance (5 years cumulative) ₹90,000 ₹1,25,000
Total Cost (5 Year TCO) ₹15,14,285 ₹15,66,000

Which car will be best for you?

It is clear from the calculation that if your running is 40 kilometers daily (14,000 km annually), then by the completion of 5 years the total cost of petrol and electric car becomes almost equal.

Electric car is best when: If your daily commute to office is more than 50 kilometers. In this situation, the EV will recover its extra cost (Break-even) in just 3.5 to 4 years and after that your huge savings will start. Also, one can enjoy silent and smooth driving without changing gears in bumper-to-bumper traffic.

Petrol car is best when: If your daily running is less than 20-30 kilometers. In such a situation, it will take 7-8 years to recover the increased price of EV, which will be a loss-making deal. Apart from this, if there is no space for charging setup in your apartment, then petrol car is the most practical option for you.

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Is it more expensive to buy an EV or a Petrol car? Understand the full details of 50,000 KM

Is it more expensive to buy an EV or a Petrol car? Understand the full details of 50,000 KM

by with No Comment Car Review

Amidst rising fuel prices and pollution, there is only one big question in the mind of every car buyer today, whether to buy an electric car (EV) or a petrol car? At first glance, EV seems expensive due to its high price, whereas petrol car fits in the budget. But the real game starts when the car hits the road.

Do you know that after driving just 50,000 kilometers, there is a huge difference in the cost of both? An EV, which may seem heavy in initial investment, can save you lakhs of rupees after covering long distances. Come, without any confusion, let us understand which car will prove to be the real value for money for you with simple mathematics of maintenance, running cost and resale value.

Mathematics of Initial Price (Buying Cost)

There is a big difference in the starting price of petrol and electric cars. Generally, compared to a petrol car of the same segment and model, its EV variant is costlier by around Rs 3 to 5 lakh.

Petrol Car: Low starting price, low down payment and low loan EMI.

Electric Car: Higher starting price, but the difference is reduced slightly due to tax exemptions and subsidies on road tax and registration fees in many states.

Running cost: direct calculation per kilometer

The real cost of driving a car is decided from here. While petrol prices are skyrocketing, electricity rates are quite cheap.

Petrol Car: If the car gives a mileage of 15 km/litre and petrol is ₹100/litre, then the cost per kilometer comes to around ₹6.66.

Electric Car: It takes about 30-40 units of electricity to fully charge a normal EV (costs about ₹ 300), which enables it to travel 300 km. According to this, the cost of EV comes to only ₹ 1 to ₹ 1.50 per kilometer.

Total savings after 50,000 kms

Let us now compare the total expenses on fuel and charging after driving 50,000 kms:

type of expense Petrol Car (Mileage: 15 km/l) EV charging costs
cost per kilometer ₹6.66 ₹1.20
Total cost of 50,000 km ₹3,33,000 ₹60,000
Direct savings (on fuel) – ₹2,73,000

conclusion: The EV saves you around ₹2,73,000 on fuel costs alone, which covers a large part of its higher starting price.

Difference between maintenance and servicing

Maintenance of electric car is very cheap as compared to petrol car. Come, let us know about both-

Petrol Car: Servicing costs for every 10,000 km range from ₹5,000 to ₹8,000 due to engine oil, oil filter, spark plugs, coolant and gearbox. By 50,000 km this cost increases to ₹ 30,000 to ₹ 40,000.

Electric Car: There is no engine in an EV, so neither the oil has to be changed nor the moving parts get damaged. It only costs tyres, brake pads and AC filter. Its maintenance cost in 50,000 km is less than half that of petrol.

What is better for you?

After driving 50,000 kilometers, the EV not only recovers the extra cost of its petrol variant, but also starts saving you lakhs of rupees (about more than Rs 3 lakh including fuel + maintenance).

Buy EV then: If your daily commute is more than 50-60 kms, you want to keep the car for 5-7 years and you have charging facility at home.

Buy a petrol car then: If your annual running is very low (less than 500 km a month), budget is limited or you often travel on long routes where charging infrastructure is weak.

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