India is one of the largest automobile markets of the world. It is only estimated to get bigger in the coming years. Lately, there is a growing consensus among automotive professionals and the public alike that the future of vehicles is electric and this is being reflected in the Indian market as well. An electric vehicle seems like an obvious mode of transportation in an age when the world is in its technological best everywhere. While pollution and rising fuel demands are reasons to switch to an electric vehicle there are more perks to it that would attract the individual buyer.
There are many factors that make an individual buyer question his decision to buy an Electric vehicle and cost tops the list. You might feel that purchasing an electric vehicle is costlier than buying an internal combustion engine vehicle, but that is only because of the higher upfront cost. Effective cost over the lifetime for electric vehicles is still less.
LOWER OPERATING COST OF BUYING AN ELECTRIC CAR
An electric vehicle has much lower operating costs than a comparable petrol or diesel vehicle. Electric vehicles charge their batteries with electricity rather than using fossil fuels such as gasoline or diesel. Thus are more efficient, and when combined with that the cost of electricity, charging an electric vehicle is less expensive than filling up with gasoline or diesel for your travel needs.
TAX EXEMPTION ON BUYING AN ELECTRIC CAR
The government offers different types of financial incentives to make electric vehicles more affordable for you. From the 2021-22 financial year government provide tax exemption to promote e-vehicles. With the addition of section 80 EEB there will tax exemption of upto 1.5 lakhs to an individual who is buying an e-vehicle for the first time with the aid of a loan. This exemption is not applicable to businesses, partnership firms, companies or any other category of tax payers. This can be applied to loans taken from 2019 April 1 to 2023 march 31.
INCREASING FACILITIES FOR THE CUSTOMERS BUYING AN ELECTRIC CAR
The increasing number of electric vehicle charging points can act as a further incentive to buy an e-vehicle. Over the next 3-4 years, India is expected to see around 48,000 additional electric vehicle chargers at an investment of around 14,000 crore according to The Economics Times. All thanks to country’s expected healthy E-vehicle penetration. This will solve the one of the biggest problem that e-vehicle owners face while travelling.
All these have positively aided the growing number of e-vehicles in India. Taking an eco-friendly step is really important and when you can do it with some added benefits why stop. For e-vehicle as well as the petrol or diesel version maintenance is of outmost importance. At schimmer detailing we do graphene coating, corrosion treatment and interior treatment to make sure that your automobile is always in the best condition. For further details contact us at [email protected] .
EVER INCREASING FACILITIES
