If you are still entangled in the mathematics of rising prices of petrol and diesel, calculating the mileage or making rounds of the fuel station every week, then just wait! A large population of the country has now moved beyond this problem. Just when you are thinking of standing in petrol pump queues, the footfall of customers at Electric Vehicle (EV) showrooms is increasing.
A silent but very fast revolution is going on in the Indian automobile market. Data is witness that the confidence of Indian customers is now rapidly shifting from traditional fuel to 'green mobility'. If you are planning to buy a car in the coming days and you want to know why your next car should be an electric car, then this article of ours is useful for you.
EV sales are breaking records
If you look at the recent data of Federation of Automobile Dealers Association (FADA) and Government Vehicle Portal, the speed of EV will surprise you. The figures are as follows-
- Huge jump in annual growth: The total sales of electric vehicles in India have registered an annual growth of about 35% to 40% over the previous financial years.
- Dominance of two-wheelers: The youth and middle class of the country have taken charge of the EV revolution. The share of electric two-wheelers (scooters and bikes) alone in the total electric vehicle sales is more than 55%. Companies like Ola, Ather, TVS and Bajaj are selling thousands of units every month.
- Revolution in the three-wheeler segment: The game has completely changed in the commercial segment. More than 50% of the total three-wheelers (auto rickshaws and loaders) sold in the country have now become electric. The entire structure of local transport and delivery is shifting to electricity.
- Speed in car market also: Thanks to companies like Tata Motors, MG and Mahindra, sales of electric cars have also seen a growth of up to 90% annually.
Why are people leaving petrol and diesel and choosing EV?
What happened that people suddenly started saying 'bye-bye' to petrol and diesel? There are some very concrete and practical reasons behind this. Come, let us try to know these also one by one-
1. Huge savings on pocket: While the average cost of driving a petrol car is Rs 7 to 9 per kilometer, an electric car runs for only Rs 1 to 1.5 per kilometer. In two-wheelers this cost is even less (about 25 to 30 paise per kilometer).
2. No maintenance hassles: A conventional engine has hundreds of moving parts. This includes things like engine oil, filter, spark plug, gearbox. There is no hassle in EV. No engine, no oil change, i.e. almost zero maintenance cost.
3. Increasing Range and Infrastructure: Earlier people were afraid what would happen if the battery ran out. But now the vehicles are giving a range of 150 to 500 kilometers in a single charge. Also, a network of charging stations has been spread from the highway to the society.
The future is EV!
Experts believe that the Indian auto market has now reached the turning point from where return is not possible. The government's FAME scheme, PLI scheme and tax exemptions given by state governments have doubled this pace. So next time you think of buying a car or bike, don't just look at petrol and diesel variants. The market trend is clear. The world is changing and vehicles are no longer being charged at petrol pumps but at home plug points.
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