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Are Electric Vehicles Profitable? Debunking the Myths and Calculating the ‘E’ Factor

Electric vehicles profit or loss? Doubts can be solved – Electric Vehicles | Electric Cars | Manorama Online Premium Electric Vehicles Profit or Loss? Doubts can be solved – Electric Vehicles | Electric Cars | Manorama Online Premium Petrol no longer a nightmare: Electric vehicles profit or loss? Let’s settle the doubt, the answer lies in ‘E’ calculation

Manu Pramad

Published: January 17 , 2024 02:44 PM IST

Updated: January 17, 2024 02:58 PM IST

6 minute Read

  • Is it really profitable to buy an electric car by spending three to four lakh rupees more than a petrol car? How much can you save on fuel by buying an ‘e’ scooter? A look at history and some figures will tell you the answer is ‘profit’. How to make it possible?

A Tesla electric car is being charged at a charging station in a car park. The view from Berlin. Tesla company releases the first electric car in 2008 (Photo by Ina FASSBENDER / AFP)

Increasing fuel prices and environmental pollution are driving people closer to electric vehicles. Rapid growth in the number of charging stations is also a sign of increasing adoption of electric vehicles. It is not an exaggeration to say that electric cars are going to conquer the Indian roads, and the ‘e’ vehicles that are hitting the market every day and the infrastructure they share are proving that there is no exaggeration. The rise of high-speed electric vehicles is far behind petrol-diesel vehicles not only in terms of comfort, but also in range and power. Although the history of the past has a lot to say, the truth is that electric vehicles did not have the acceptance they have today. Is it really profitable to buy electric vehicles by spending three to four lakh rupees more than petrol cars? Why are electric vehicles so celebrated?

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2024-01-17 09:15:25
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