Comparing Costs: Petrol vs Electric Cars for Daily Commuters
Petrol vs Electric Car: Which One Saves More Money for a 30 km Daily Commute?
Asianet Newsable
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With rising petrol prices exceeding ₹102 per litre in Delhi, commuters are questioning whether to switch to electric vehicles (EVs). A typical petrol car costs approximately ₹6,540 monthly, while an EV costs only about ₹1,080, leading to potential savings of ₹5,460 monthly. However, the higher upfront cost of EVs may delay savings recovery.
- 01Petrol costs for a 30 km daily commute amount to ₹6,540 monthly, totaling ₹78,480 annually.
- 02Electric vehicles (EVs) cost around ₹1,080 monthly for the same commute, leading to annual expenses of approximately ₹12,960.
- 03Switching from petrol to an EV could save ₹5,460 per month, translating to ₹65,520 yearly.
- 04The initial purchase price of an EV is ₹3-4 lakh higher than that of a petrol car, impacting the break-even point.
- 05For low daily mileage of 30 km, sticking with a petrol car may be more economical unless future driving patterns change.
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As petrol prices soar, with rates surpassing ₹102 per litre in Delhi, many commuters are evaluating whether to transition to electric vehicles (EVs). A standard petrol car, with a mileage of 14 km per litre, incurs a monthly cost of about ₹6,540 for a daily commute of 30 km. In contrast, an EV costs only around ₹1,080 monthly, thanks to lower electricity costs. This results in potential savings of ₹5,460 each month, or ₹65,520 annually, if one switches to an EV. However, the initial investment for an EV is approximately ₹3 to ₹4 lakh more than a petrol car, making it crucial to consider the break-even point, which could take 5 to 6 years to achieve. Experts suggest that for those who drive only 30 km daily, sticking with a petrol car may be more cost-effective unless they plan to increase their driving distance in the future. Additionally, potential EV buyers should ensure access to charging facilities and consider the higher upfront costs.
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The rising cost of petrol significantly affects daily commuters' budgets, prompting them to consider electric vehicles.
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