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Electric vehicles in India

 Battery Electric Vehicle (BEV):Fully powered by electricity. These are more


efficient compared to hybrid and plug-in hybrids.
 Hybrid Electric Vehicle:
o Hybrid Electric Vehicle (HEV): The vehicle uses both the internal combustion
(usually petrol) engine and the battery-powered motor powertrain. The petrol
engine is used both to drive and charge when the battery is empty. These
vehicles are not as efficient as fully electric or plug-in hybrid vehicles.
o Plug-in Hybrid Electric Vehicle (PHEV): Uses both an internal combustion
engine and a battery charged from an external socket (they have a plug). This
means the vehicle’s battery can be charged with electricity rather than the
engine. PHEVs are more efficient than HEVs but less efficient than BEVs.
 Fuel Cell Electric Vehicle (FCEV):Electric energy is produced from chemical
energy. For example, a hydrogen FCEV.

https://e-amrit.niti.gov.in/types-of-electric-vehicles

Fully electric vehicles (EV) have zero tailpipe emissions (reduce your carbon footprint )

Electric vehicles are more efficient, and that combined with the electricity cost means that
charging an electric vehicle is cheaper than filling petrol or diesel for your travel requirements.

Using renewable energy sources can make the use of electric vehicles more eco-friendly.

The electricity cost can be reduced further if charging is done with the help of renewable energy
sources installed at home, such as solar panels.

Electric vehicles have very low maintenance costs because they don’t have as many moving
parts as an internal combustion vehicle. The servicing requirements for electric vehicles are
lesser than the conventional petrol or diesel vehicles. Therefore, the yearly cost of running an
electric vehicle is significantly low.

Registration fees and road tax on purchasing electric vehicles are lesser than petrol or diesel
vehicles.

https://e-amrit.niti.gov.in/electric-vehicle-incentives

EV may not have a higher upfront cost. However the effective cost over the lifetime for electric
vehicles is still less.
 Purchase Incentives: Direct discount provided to the user on the cost of the
electric vehicle
 Coupons: Financial incentive where the amount is reimbursed later
 Interest Subventions:Discount offered on the interest rate while availing loan
 Road tax exemption:Road tax at the time of purchase is waived off
 Registration fee exemption:One-time registration fee applicable on new vehicle
purchase is waived off
 Income tax benefit: Provided as a deduction on the tax amount payable by an
individual to the government
 Scrapping incentives:Provided upon de-registering old Petrol and Diesel Vehicles
 Others: Incentives such as interest-free loans, top-up subsidies, special
incentives on electric three-wheelers, etc. can also be availed

FAME, or Faster Adoption and Manufacturing of (Hybrid and) Electric vehicles

Electric vehicles don’t have gears and are very convenient to drive. There are no complicated
controls, just accelerate, brake, and steer. When you want to charge your vehicle, just plug it in
to a home or public charger. Electric vehicles are also quiet, so they reduce noise pollution that
traditional vehicles contribute to.

fast chargers or even battery swapping services if you are on a two-wheeler on the road.

Electric vehicles have the silent functioning capability as there is no engine under the hood. No
engine means no noise. The electric motor functions so silently that you need to peek into your
instrument panel to check if it is ON. Electric vehicles are so silent that manufacturers have to
add false sounds in order to make them safe for pedestrians.

https://www.axisbank.com/progress-with-us/money-matters/borrow/know-the-benefits-of-
buying-an-electric-car

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