Electric vehicles (EVs) have been gaining popularity as a sustainable and economical option for commuters. In this blog, we’ll conduct a practical cost comparison between Electric Bike and Petrol Bike to help you make an informed decision about your next ride.
EV 2-Wheeler:
Initial Cost: ₹1,50,000
Running Cost:
Electricity Cost: ₹0.25 per km (based on the average cost of electricity in Pune)
Emissions Cost: Nil
Maintenance Cost:
Battery Replacement Cost: ₹50,000 (after 5-8 years)
Regular Maintenance: ₹5,000 per year
Insurance Cost: ₹3,000 per year
Total Ownership Cost:
5 years: ₹2,25,000
10 years: ₹3,75,000
Petrol 2-Wheeler:
Initial Cost: ₹80,000
Running Cost:
Petrol Cost: ₹2 per km (based on the average cost of petrol in Mumbai)
Emissions Cost: Nil
Maintenance Cost:
Engine Oil Changes: ₹1,000 per year
Brake Pad Replacements: ₹2,000 per year
Tire Rotations: ₹1,000 per year
Insurance Cost: ₹3,000 per year
Total Ownership Cost:
5 years: ₹2,55,000
10 years: ₹4,55,000
From the comparison, it’s evident that the total ownership cost of an Electric Bike is significantly lower than that of a Petrol Bike, particularly over the long term. The lower running cost of an EV is the primary driver of this difference.
For instance, if you travel 10,000 kilometers in a year, the electricity cost for the EV would be around ₹2,500, while the petrol cost for the Petrol Bike would be around ₹20,000. Over 5 years, the EV would save you approximately ₹75,000 in running costs, and over 10 years, the savings would amount to around ₹1,50,000.
It can be concluded that essential to consider your driving habits, the cost of electricity and petrol in your region, and insurance premiums when evaluating the total ownership cost. However, overall, the EV proves to be a more cost-effective and sustainable option in the long run.
If you’re looking to save on running costs and reduce your environmental impact, choosing an Electric Bike could be the ideal choice for you. Embrace the future of transportation with an electric bike and contribute to a cleaner, greener planet.
