For a long time, traditional ICE vehicles were thought to be the only viable option. People are now looking for alternative options with changing circumstances. The rising cost of fuel has been a major source of concern for all ice vehicle owners. The increasing cost of fuel increased the vehicle’s overall operating costs. This is one of the main reasons why people are looking for other options.

Many people still regard Electric Vehicle as an expensive investment and do not see it as a cost-effective option, even in the long run. Some think that charging infrastructure is not good enough in the country. But is this true? Which is more cost-effective in the long run, an EV or an ICE vehicle? New ev charging station manufacturers are emerging in the market everyday leading to robust electric car charger infrastructure.

Let’s debunk a few myths and see which one is more cost-effective in the long run. We compare the Tata Nexon EV and the Tata Nexon ICE to see which one is more cost effective and how much money can be saved by driving an EV.

The ICE model is approximately 4,92,003 less expensive than the EV model. Different state governments are providing subsidies ranging from 1,50,000 to 2,50,000 on EV’s. This will reduce the difference of 4,90,000 to (2,40,000-3,40,000).

After the initial investments, the operational costs add up as the next significant cost to the total costs. Let’s look at the operational costs of both models.

The annual operating cost of the EV model is approximately 90,000 less than that of the ICE model for 12000 kms distance travelled per year. The difference will grow larger as the distance travelled increases.

The difference in initial investment will be covered within the first four years, and with the same amount of savings each year, you will save approximately 540,000 over a ten-year period. This figure will only keep rising as fuel prices rise and consumption rises.

For more such updates on EV charging station manufacturers, visit us on https://efillelectric.com/