EV Costs
Immerse yourself in the realm of electric vehicle ownership expenses and witness how driving electric can be a breath of fresh air for your finances. Let us dissect the data to prove that the transition to electric is a wallet-friendly and eco-friendly move.
Invest smartly, drive economically
Being an EV owner is more than just stepping into the future. It’s about being economical and getting the most out of this investment.
Fuel vs. Electricity | Who’s the winner?
More savings, better for you
When it comes to calculating savings, the cost of electricity per kilometre driven is significantly lower than the rates of traditional fuel. Hence, making it evident that they are not only the eco-conscious choice but also a financially responsible one. For example, the cost of running an MG ZS EV will cost you less than ₹1 per kilometre! Therefore, with EVs, you get to take charge of your budget with confidence.
What factors can affect the cost?
In an era of unpredictable fuel price inflated fluctuations, EV owners enjoy consistent and manageable electricity expenses. While fuel costs can fluctuate due to market forces, electricity prices tend to remain steady therefore making EVs an efficient and cost-effective transportation choice.
- Home Charging: Charging at home is not just convenient, but cost-effective as well. Imagine plugging in your car in your parking, and waking up to a fully charged battery. No more trips to the fuel stations, no more waiting in line, and certainly no more dealing with price fluctuations. Home charging puts you in control of your energy costs and time.
- Public Charging: Public charging rates can vary, but they often prove to be convenient and time-saving. With an ever-expanding network of charging stations across India, it's easier than ever to find a convenient and reasonably priced station, giving EV drivers the freedom to explore without worrying about fuel costs.
Effortless maintenance with EVs
Electric vehicles shine when it comes to maintenance. They feature fewer moving parts compared to internal combustion engine (ICE) vehicles, which means less wear and tear over time. This simplicity translates to a hassle-free ownership experience and substantial long-term savings.
- Low Maintenance cost: Electric cars are cheaper to service and maintain than petrol or diesel cars because they have fewer moving parts and require less fluid and filter changes.
- Attractive Maintenance Packages: EV manufacturers are offering attractive maintenance packages to car owners that can reduce costs on car care services during the tenure.
Did you know?
MG ZS EV comes with a comprehensive ownership package!
The MG e-Shield is a thoughtfully designed ownership package that offers assurance and convenience for all MG ZS EV customers.
*Only applicable for private registered vehicles. T&C Apply and details as per owner’s manual. **For first 3 scheduled services.
#Calculated up to 50,000 km of preventive maintenance (including parts, consumables, labour, taxes) along with and as of date electricity charges in Delhi NCR
Long-term savings? Say hello to EVs
1. Potential Long-Term Savings:
When you get started on your EV ownership journey, you're not just making a sound financial choice for today, but for years to come. You'll notice substantial reserve piling up as reduced maintenance and charging savings add up, ensuring that your investment pays off in the long run.
2. Tax Incentives, Rebates, and Grants:
The financial allure of EVs is further enhanced by tax incentives, subsidies, and grants offered by central and state governments. They are aimed at reducing the costs of purchasing an EV to make it a more affordable choice.
3. Saving the environment:
Beyond personal finances, EVs help contribute to a healthier planet. By emitting zero tailpipe emissions and lower carbon emissions, you're not only saving on fuel and maintenance but also investing in a cleaner, more sustainable future.
