Hidden costs of owning an electric car are often overlooked when buyers compare EV vs petrol vehicles. While EVs promise lower running costs and eco-friendliness, factors like battery replacement, charging infrastructure, and insurance can add to expenses. This guide explores the electric vs petrol car debate and helps you make an informed decision.
If you’re still debating whether an EV is right for you, check out our guide on Pros & Cons of Buying an Electric Car.
Cost Comparison: Electric Car vs Petrol Car
| Expense Category | Electric Car Cost | Petrol Car Cost |
| Initial Purchase Price | Higher | Lower |
| Fuel/Charging Cost | Lower (₹1-2/km) | Higher (₹7-10/km) |
| Battery Replacement | ₹4-10 lakhs | Not applicable |
| Insurance Premium | Higher | Lower |
| Maintenance | Lower | Higher |
| Resale Value | Unpredictable | More Stable |
For a deeper EV vs petrol car cost comparison, read Electric Vehicles Vs. Petrol-Powered Cars: In-Depth Cost Comparison.
1. High Initial Purchase Price
One of the most significant challenges of buying an electric car vs petrol car is the higher upfront cost. This is mainly due to advanced battery technology.
Solution: Look for government incentives and subsidies that can help offset the purchase cost.
For a detailed comparison, check out Electric Vehicles Vs. Petrol-Powered Cars.
2. Expensive Battery Replacement
The battery is the most expensive component of an EV. Most electric car batteries last 8-15 years, but replacing them costs ₹4-10 lakhs.
Solution: Opt for an extended battery warranty and follow best charging practices to extend battery life.
3. Charging Infrastructure Costs
Unlike petrol cars, EVs require dedicated charging stations. Setting up a home charging unit can cost ₹50,000 – ₹1,50,000.
Solution: Check if your apartment or housing society allows installation. Government subsidies are also available.
4. Higher Insurance Premiums
Insurance for EVs is higher than petrol cars due to expensive repairs and battery costs.
Solution: Compare insurance plans specifically designed for electric vehicles.
5. Limited Service Centers & Costly Repairs
EV technology is still evolving, and not all service centers have skilled professionals to repair them.
Solution: Choose an EV brand with a strong service network.
For first-time EV buyers, check out Best Electric Cars in India for First-Time Buyers.
6. Lower Resale Value
The resale value of electric cars is still uncertain due to rapid advancements in battery technology.
Solution: Opt for an EV with long-range battery life and software updates.
If you’re debating between hybrid and electric vehicles, read Hybrid Cars vs. Electric Cars: Which One is Right for You?.
Conclusion
While EVs offer environmental benefits and lower fuel costs, the hidden costs of owning an electric car can impact long-term savings. If you’re considering an EV, factor in battery replacement, insurance, maintenance, and charging costs to avoid unexpected expenses.
Are you still debating whether an EV is right for you? Check out Pros & Cons of Buying an Electric Car to make a well-informed decision.
