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How Much Money You Can Save In India If You Use An EV Daily?

Here's how much money you can expect to save if you drive an EV to work every day in india.
Indian TATA EV parked

Switching to an electric vehicle (EV) can result in significant cost savings for daily commutes in India. With lower electricity prices compared to gasoline prices and the government incentives for EVs, it is estimated that EV owners can save up to Rs. 6,000-8,000 per month in fuel costs. In addition, maintenance costs for EVs are lower due to fewer moving parts, and there are potential savings on tolls, parking, and road tax. These cost savings, along with environmental benefits, make EVs an attractive option for daily commuters in India.


In recent years, there has been a growing push towards electric vehicles (EVs) in India, and for good reason. One major advantage of using an EV daily is the significant cost savings that come with it.

First and foremost, electric vehicles are far more efficient than traditional gasoline or diesel-powered vehicles. EVs convert over 75% of the energy stored in their batteries into motion, while internal combustion engines (ICEs) are only about 20-30% efficient. This means that an EV can travel much further on the same amount of energy compared to a traditional vehicle.


How Much Money You Can Save In India If You Use An EV Daily?

Furthermore, electricity is much cheaper than gasoline or diesel in India. According to a report by the International Energy Agency, the average cost of electricity in India is approximately ₹7 per kilowatt-hour (kWh), while the average price of petrol and diesel is around ₹100 per liter. This means that the cost of driving an EV is much lower than that of a traditional vehicle.

To put this into perspective, let’s take the example of the popular Maruti Suzuki Alto. The Alto has a fuel efficiency of around 22 kilometers per liter and a fuel tank capacity of 35 liters, which means a full tank can take you approximately 770 kilometers. Assuming the price of petrol to be ₹100 per liter, a full tank would cost around ₹3,500.

On the other hand, the Mahindra e2o, an all-electric vehicle, has a range of around 120 kilometers on a single charge, and a full charge of its battery costs approximately ₹250. This means that to cover the same distance as the Alto, you would need to charge the e2o around 6-7 times, which would cost around ₹1,500-₹1,750 in total. This is less than half the cost of running the Alto on petrol.

Moreover, EVs have much lower maintenance costs than ICEs. Since EVs have fewer moving parts than traditional vehicles, there is less wear and tear, and fewer parts that need to be replaced. Additionally, EVs do not require oil changes, spark plug replacements, or other routine maintenance tasks that are required for ICEs. This means that the cost of maintaining an EV is significantly lower than that of a traditional vehicle.

Furthermore, the government of India offers several incentives for EVs. In 2019, the government announced a reduction in Goods and Services Tax (GST) on EVs from 12% to 5%. Additionally, EVs are exempt from road tax and registration fees in many states across the country. These incentives make EVs much more affordable than traditional vehicles, and help to further reduce the cost of owning and operating an EV.

Finally, the environmental benefits of EVs cannot be overlooked. Since EVs do not emit any pollutants from their tailpipes, they have a much smaller carbon footprint than traditional vehicles. This means that EVs are a cleaner and more sustainable form of transportation, and can help to reduce air pollution in India’s cities.

In conclusion, using an EV daily can lead to significant cost savings for Indian consumers. With lower fuel and maintenance costs, as well as government incentives, EVs are becoming an increasingly attractive option for those looking to save money and reduce their environmental impact. As India moves towards a more sustainable future, it is clear that electric vehicles will play an important role in achieving this goal.


The adoption of electric vehicles (EVs) in India can have a significant positive impact on the environment. EVs produce zero emissions, which means they do not contribute to air pollution, a major problem in many cities in India.

Furthermore, EVs can help reduce greenhouse gas emissions and combat climate change. The use of renewable energy sources, such as solar power, to charge EVs can further enhance their environmental benefits.

Therefore, increased adoption of EVs in India can play a crucial role in promoting a cleaner and more sustainable future for the country.

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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).