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Reasons To Buy An Electric Car In 2023

The new year will offer an amazing array of spectacular new electric vehicles, new tax benefits, increased affordability and, of course, renewed interest in cleaner, greener energy.

2023 will see the arrival of 16 all-new models of electric vehicles. The Chevy Bolt EV, Nissan Leaf, Mini Cooper SE and Chevy Bolt EUV all start under $30,000. The Federal Electric Vehicle Tax Credit began phasing out once a 200,000 units were sold.


Consider this if you still rely on controlled explosions housed in 350 pounds of metal and moving components to go from here to there: The internal combustion engine was invented in 1863, and while it will live to see its 160th birthday, it will face extinction in 2023 as electric cars take even more of its market share.

The new year will usher in an outstanding array of new electric vehicles, new tax advantages, increased affordability, and, of course, renewed interest in cleaner, greener energy.

If you’re in the market for a car, you have two options: invest in the future of ground transportation or invest in a technology that did to horses in the twentieth century what EVs are doing to gas vehicles now.



The shift away from gas cars became a trend for good reason: EVs are cleaner, more efficient, and more sophisticated, and they are becoming less costly to buy and own with each passing year.

“The first area where the electric car does significantly better is the cost of ownership,” said Matas Buzelis, president of the Association of Automotive Intelligence and head of communications at carVertical. “Moreover, it’s not only about charging because the maintenance expenses for an EV are significantly cheaper when compared to a car powered by an internal combustion engine.”

Furthermore, EVs are more likely than equivalent ICE vehicles to have modern amenities and technology. “You can calculate your own EV cost-payback based on your usage, but here’s something purchasers aren’t thinking about,” said Trevor Curwin, head of partnerships at in-car payment tech company Sheeva.AI. “The reconfiguring required to manufacture EVs provides a chance for automakers to redefine how you use your car.” Because they are always connected, EVs tend to be a car that does a lot more for you — stuff you’d typically receive from your smartphone or laptop. An EV outperforms the SUV in your driveway in terms of technology.”

It’s not only a more spaceship-like cockpit; EVs provide advanced performance features that all but the most expensive ICE vehicles lack. “Most jobs need less effort for an EV,” stated Buzelis. “In overall, it seems like a next-generation car because of how it distributes power and, most of the time, remains perfectly silent.”


Electric Cars

Buyers may now choose from inexpensive short-range commuting EVs to ultra-luxurious touring vehicles with 500-mile battery ranges and six-figure price tags.

“More popular manufacturers have lately announced entry in the EV market,” product training director Richard Reina remarked. “Legacy vehicle manufacturers such as Chevrolet, Ford, Nissan, Subaru, Toyota, and Volkswagen sell one or more EVs, which are normally priced substantially lower than EVs from premium brands such as Audi, BMW, and Mercedes-Benz.”

According to Kelley Blue Book (KBB), 16 new models will be introduced in 2023. According to Visual Capitalist, 134 EV vehicles will be in production by 2024, up from 125 in 2023 and 100 in 2022.

In addition, despite the impacts of inflation, the electric category will be more accessible than ever in 2023. According to Edmunds, the 2019 Chevy Bolt EV, Nissan Leaf, Mini Cooper SE, and Chevy Bolt EUV all start around $30,000 — and that doesn’t include government incentives.


The new regulation calls for a 55% reduction in CO2 emissions for new cars and 50% reduction in CO2 emissions for new vans by 2030 compared to 2021 levels, and a 100% reduction in CO2 emissions by 2035, virtually barring the sale of new combustion engine automobiles.

Motorists can continue to drive gas-powered cars purchased before the 2035 deadline and will be able to acquire used gas-powered vehicles after the laws go into effect. Here is a list of states that have taken measures to implement California’s zero-emission car regulations or laws that are comparable to them.

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In India, there will be 25 electric automobiles on the road by 2023. The BMW i7, Tata Tigor EV, Mercedes-Benz EQB, Hyundai Ioniq 5, and BYD Atto 3 are well-known electric vehicles.

The least expensive electric automobile in India is the Hyundai Ioniq 5. Hyundai Ioniq 5’s starting on-road price in Delhi is 44.95 Lakh, and it can seat 5 people. The Hyundai Ioniq 5, whose on-road price in Delhi begins at 44.95 Lakh, is India’s most expensive electric vehicle. 

Any motor vehicle must be operated with a valid driver’s licence. Electric cars are no different. Driving a car without one is prohibited on public roads.

You do not need a driver’s licence to operate an electric two-wheeler with a top speed of up to 25 km/h and a power output of up to 250 watts, though. Students, youths, retirees, and others favour these automobiles because they don’t need to be registered.

All vehicles registered after April 1st, 2019, must have an HSRP by the rules related to the Central Motor Vehicle Rules, 1989. (High-Security Registration Plate). This registration can only be obtained from government agencies, enabling them to keep an exhaustive database of all vehicles and deter theft.

Electric vehicles are now exempt from paying costs for a registration certificate, according to the Ministry of Road Transport and Highways (MoRTH).

All EV owners should be happy about this recent move because they won’t have to pay anything to insure or renew their EVs. More electric vehicles are anticipated to be promoted in India as a result of these adjustments to registration fees.

Additionally, the government exempted owners of electric vehicles from paying road charges. As a result, owners of electric cars will undoubtedly benefit by saving money. According to studies, owning an electric vehicle can significantly save your vehicle expenses.


Public charging is the term for outside-the-home charging, which is an essential addition to inside-the-home charging. The sole subject of this article is public charging. Interoperability between charging stations and electric vehicles produced by various automakers is made possible by the standardisation of public charging infrastructure. 

1. Bharat EV Charger AC001 for AC Charging.
2. Bharat EV Charger DC001 for DC Charging.

Note: Slow, fast, rapid, and super-quick charging can cause confusion because there is no standard definition for each category. So, according to Bharat EV standards, charging choices are categorised according to the quantifiable standard of power rating.

Yes. According to the law, every vehicle, including gasoline, diesel, compressed natural gas (CNG), and electric cars, must have at least a third-party insurance policy. Financial fines may result from not having your electric car insured under this mandated coverage. However, this plan does not protect the insured vehicle in case of damage. Therefore, it is advised to choose the Comprehensive Insurance Policy because it provides both Own Damage (OD) coverage and Third-Party Insurance Plan benefits.

Aside from factors like location, model variation, and EV age, the cost of the vehicle determines the price of all motor insurance plans. You may assess the cost of insurance for electric vehicles by using the car insurance premium calculator for more information.

According to how much electricity is used as a fuel, there are three main categories of electric vehicles (EVs): battery electric vehicles (BEVs), plug-in hybrid electric vehicles (PHEVs), and hybrid electric vehicles (HEVs).