With petrol and diesel prices reaching Rs 100 per litre, more people are opting for EVs to save on vehicle expenses. However, there are other costs to consider, such as higher insurance premiums and the expensive replacement of EV batteries. Additionally, charging time and infrastructure remain significant challenges for EV owners.
Ev Tax Benefit: With festival season around the corner, the figures are expected to increase significantly. Due to the fact that petrol and diesel are around INR 100 mark and are less likely to fall in the future, people are increasingly gravitating towards EVs to reduce their expenditure on vehicles.
The electricity-powered and autonomous future of transportation is arriving. EVs are fast taking market share after more than a century of internal combustion engine dominance.
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