Cost of ownership

Why EVs are cheaper to own

The purchase price of an EV is higher than its ICE equivalent, but the total cost of ownership (TCO) over 5 years is typically 20-40% lower. This is because:

Fuel cost: ₹1-2/km (electricity) vs ₹5-8/km (petrol)

Maintenance: ₹3,000-8,000/year vs ₹8,000-20,000/year

No road tax: Most states exempt EVs from road tax (saving ₹50,000-3,00,000 depending on vehicle)

Lower insurance: EVs qualify for green vehicle discounts at some insurers

Use our TCO calculator

Every EV model page on ev.care has an interactive TCO calculator. Set your annual km, electricity rate, and ownership period to see exact savings vs a petrol equivalent.

Government subsidies that reduce upfront cost

FAME-II / PM E-DRIVE: Central government subsidy of up to ₹10,000/kWh for 2W/3W

State subsidies: Delhi (₹30,000 for 2W), Maharashtra (₹25,000), Gujarat (₹20,000) — check our subsidy calculator on each model page

Road tax exemption: Most states exempt EVs partially or fully

Registration fee waiver: Several states waive registration fees for EVs