Why Electric Cars Are Expensive In India

Why electric cars are so expensive.

Why electric cars are expensive in india. A glance at the prices of new electric cars will tell you something very quickly. However that is all set to change starting april 1 with prices of evs slashing down by rs 20 000 to rs 2 5 lakh. If you are considering purchasing an electric car this article will outline the most common reasons why electric cars are so expensive. 2 taxes charged by state central governments are very high.

Moreover the second phase of fame india scheme which has total budgetary support of rs 10 000 crore will also support 55 000 electric four wheeler passenger cars. In fact the kona electric is about a shade smaller than the creta. Electric cars are still somewhat new to the car market and because of this they will demand a premium. India s first electric suv is finally here.

The latest vehicle to receive a raised eyebrow is the audi e tron an suv and the company s first all electric car which will be revealed on september 17 and cost from 80 000 93 700 in europe with u s. Prices to come soon. With more than 200 mn electric two wheelers 3 3 to 4 mn low speed electric vehicles lsevs and over 300k electric buses as of 2017 china is currently the global leader in the electric. But in india they are very costly as cpared to most other countries why because 1 volumes are low.

They are all expensive. But despite widespread awareness about their advantages to the environment why hasn t the sale of e bikes or e cars gotten any better. In europe plus israel and turkey where electric cars represent 1 9 percent of the. The hyundai kona electric has been launched at a price of rs.

25 30 lakh ex showroom pan india and is the only one of its kind in the country. The average price of an electric car is 81 percent higher than that of a normal car according to a new study. That really makes it special but it is priced at quite a premium when you consider that the kona is a sibling to the hyundai creta. In the electric vehicle space however demand isn t being met.

It s almost impossible to buy an affordable new ev one that costs less than 500 per month on a typical auto loan. Electric cars should be much cheaper than ice internal combustion engine driven cars.