Hike in Petrol and Diesel Price? Should I purchase electric vehicles?

Increasing in the rate of Petrol and Diesel

Petrol and Diesel are amongst the prominent fuels used for vehicle transportation. It is due to its combustion rate and efficiency for vehicle engines. It is observed that in spite of CNGs includance as a fuel for vehicle transportation, more than 70 percent of the vehicles are still dependent on petrol and diesel. In countries like India where the rate of the economy is decreasing day by day, the alarm bell rings for the prices of petrol and diesel. 

Price comparison between 2015 vs 2021

Previously, nearly 4 to 5 years ago, the price for petrol in India was 60 Rs per liter, however due to circumstantial changes since Feb 2021 the price for petrol has reached 100 Rs per liter. Now, it has been only imaginable for the majority of households to get their vehicles tank full. If we consider the statistics according to the cost per KM of travel we found that, it costs nearly 10 Rs of petrol individually, 6 Rs of diesel individually, 3 Rs of CNG individually and surprisingly only 1 Rs of EV power. It makes it clear that the priorities according to rate feasibility lie as EVs, CNG, diesel and finally petrol. The increase in petrol price is due to the reduced production requirement in international markets and the rate of production happened in countries. The profit earning propaganda is the main reason for this inflation.

Importance of purchasing electric vehicles

Therefore, Electric Vehicles are proved much efficient regarding the amount spent later. However, what about the prices of EVs? Well, many people will be aware more will be the demand for EVs. The average price for EVs in India is 3.3 Lakhs. According to the research use of EVs is found eco-friendly with respect to pollution occurred due to Fuels. However the electricity charging for 7 hours daily is satisfying for driving for the next 10 hours. If you are having a certain amount to purchase a new EV to replace the fuel vehicle without a loan or something, then definitely it will be a profitable and eco friendly option to pursue.

Best Electric Vehicle options suiting a middle class man's pocket

Electric vehicles though found suitable in case of per km charge however the batter installation and vehicle charge couldn't be neglected. Therefore the customer must me very specific about the future uses related to EVs. So here are some friendly pocket EV options you can purchase without a second thought.

Tata Nexon EV: This car Runs 310 Km with full battery charge. It usually takes 1 and half hour to get completely charged. The price for this starts form 10 lakh.

Ather 450X: This two wheeler EV costs around 1.4 lakhs to 1.5 lakh as a show room price. It can run approximately 100 km with a full battery charge.

There are many other options too in market, for a better deal. So make sure you visit multiple places and consider all the maintenances and costings before signing a deal. So that you can purchase the best one.