Electric vehicles

Due to this reason, the sales of electric vehicles are continuously increasing.

Find out whether you should buy an electric car or petrol-diesel.

In this fiscal year, the sales of electric vehicles will surpass the one million unit mark. This represents an 84 percent increase compared to the previous year. The two-wheeler segment is also included in the race of EVs. The figures indicate that the sales of two-wheelers have reached up to 750,000 units, which is a growth of 117 percent.

The sale of electric vehicles (EVs) is continuously increasing in the country. People are now preferring to buy EVs. The figures of the last five months indicate a rapid increase in the sale of EVs. Car companies are hopeful that the sales of EVs will surpass the one million mark in this financial year.

This is 84% higher compared to the previous year. Two-wheelers are also included in the race of EVs. The figures show that the sale of electric two-wheelers has reached up to 750,000 units, an increase of 117%, while electric three-wheelers have reached up to 200,000 units, an increase of 12%.

Tata Motors and MG Motors are the two major companies in the EV segment. Their sales have increased by 138%. Finally, why is the EV market growing continuously in India and which EV or petrol car will be a profitable deal for you, let's discuss.

India is still far behind in comparison to the global market. If we look at the global market in the EV segment, India is still lagging behind. The country has a long way to go in the EV sector. According to news reports in the ET, EV two-wheelers account for only 3 percent of the total two-wheeler market. On the other hand, the contribution of EVs in the car sector is only around 1 percent.

Has India asignificant market for Electric Vehicles (EVs)?

In contrast to China's dual market, EVs powered by batteries account for up to 50 percent of the market here. In terms of cars, this figure stands at 26 percent. Jato Dynamics estimates that the share of electric cars in the overall market is approximately 11 percent in Europe and 5 percent in America. However, experts believe that India will become a major market for EVs in the near future.

Several EV vehicles are set to be launched in the next 2 years.

According to ET, Hero Electric CEO Sohinder Gill expects the launch of several electric two-wheelers in the next two years. In 2022, the sales of electric cars in China increased by 94 percent. Meanwhile, Europe saw a 30 percent increase and the US witnessed a 48 percent improvement.

Before deciding whether to buy a petrol-diesel car or an EV?

it is important to understand the price difference between them. Currently, electric vehicles in the market are quite expensive. This is why they are out of budget for many people. If we look at the average price of a regular petrol-diesel car, it is up to 5 lakh rupees.

On the other hand, the price of an electric car is 18 lakh rupees or more. However, companies are trying to introduce electric cars at lower prices. In terms of fuel costs, electric vehicles (EVs) are much cheaper to run.

According to a report, the fuel cost of an electric car will be half that of a diesel or petrol car, but charging these cars is a major challenge. The reason is that there are not enough proper charging stations in the country yet. However, the government is working on establishing these charging stations.

Replacing the battery incurs such expenses|

In terms of maintenance, electric cars have lower costs. Regular cars require tasks such as changing engine oil, coolant, and transmission fuel, but these expenses do not exist for electric cars. However, electric cars incur costs related to their batteries. Currently, the production of electric cars is in its early stages, so it is estimated that the lifespan of car batteries will be between 10 to 15 years. Replacing one battery will cost approximately 70,000 to 100,000 rupees.

Due to these 5 reasons, Electric Vehicles are becoming everyone's preference, and the government is also focusing on the EV.

The focus on Electric Vehicles is increasing not only for customers but also for the government. In this article, we will discuss five reasons why there is a growing interest in electric vehicles among customers.

We all know very well that cars that are not electric contribute to carbon emissions. There are many people who do not want pollution to spread in the environment because of their cars. This is the reason why the demand for Electric Vehicles is increasing day by day. If you also want to buy a new electric vehicle, today in this article we are going to tell you about 5 major reasons why electric vehicles are becoming popular among customers and why the government is also focusing on EVs.

Electric vehicles are becoming popular among customers for several reasons. One of the main reasons is their ability to help reduce pollution and improve air quality, which is a growing concern due to increasing pollution levels. Unlike other vehicles, electric cars do not emit carbon and pollutants, making them environmentally friendly.
Just like we can easily upgrade our smartphones, electric vehicles can also be upgraded with ease. This convenience of upgrading is another factor that attracts customers towards electric vehicl
Every car requires maintenance, whether it runs on petrol, diesel, or CNG. However, the interest of customers in electric vehicles is also increasing because these cars require maintenance just like any other car.

What is the Four types of electric cars?

The system architecture of four different types of electric cars can be described as follows:

1. Battery Electric Vehicles (BEVs): BEVs, also referred to as All-Electric Vehicles (AEVs), rely solely on electric power stored in their batteries to operate. These vehicles do not have an internal combustion engine and produce zero tailpipe emissions.

2. Hybrid Electric Vehicles (HEVs): HEVs, also known as series hybrids or parallel hybrids, combine an internal combustion engine with an electric motor and a battery. The engine charges the battery, which in turn powers the electric motor. HEVs can operate using both electric power and gasoline, resulting in improved fuel efficiency and reduced emissions.

3. Plug-in Hybrid Electric Vehicles (PHEVs): PHEVs are similar to HEVs but with a larger battery capacity. These vehicles can be charged by plugging them into an external power source, allowing for extended electric-only driving range. PHEVs offer the flexibility of using both electric power and gasoline, providing a balance between electric range and the convenience of a gasoline engine.

4. Fuel Cell Electric Vehicles (FCEVs): FCEVs use hydrogen fuel cells to generate electricity, which powers an electric motor. These vehicles produce zero emissions as the only byproduct of the fuel cell reaction is water vapor. FCEVs offer longer driving ranges compared to BEVs and can be refueled with hydrogen in a similar manner to gasoline or diesel vehicles.

Each type of electric car has its own unique system architecture, catering to different driving needs and environmental considerations.

Fast Asking Question (FAQ)

Which is India’s No 1 EVs?

The Tata Nexon EV is the top-selling electric car in India.

What type of electric vehicle is best?

The 2023 Chevrolet Bolt is considered the top-notch electric car, achieving an impressive overall score of 8.4 out of 10. On the other hand, when it comes to luxury electric cars, the 2024 Lucid Air takes the lead with an outstanding overall score of 8.5 out of 10. Now, let's shift our focus to electric SUVs. The 2024 Hyundai Ioniq 5 claims the title of the best electric SUV, boasting a commendable overall score of 8.4 out of 10|

What is hybrid cars?

Hybrid electric vehicles utilize both an internal combustion engine and electric motors, drawing energy from batteries. Unlike fully electric vehicles, hybrids do not require plugging in for recharging. Instead, the battery is replenished through regenerative braking and the internal combustion engine.