Word is spreading around the world about how we can be more eco-friendly and how we can adopt small changes within our daily activities, people are getting more aware of the hazards in our environment, and they are gradually shifting to EVs, and it has skyrocketed their sales. The cost of ownership of an EV depends upon various parameters like the upfront cost and recurring cost. So, What Is The Total Cost of Ownership for EV scooters can be checked through this blog.
EV Scooter Capital Cost And Government Incentives
Purchase price
Comparatively, the EV scooter may cost more than the gasoline scooter. The basic price may range from INR 70,000 and can even reach up to INR 200,000. Different EVs come with their own set of features and functionality. The range may vary according to the pricing of the EVs. The impact on prices may vary in their features like the battery power, speed, and design. Also, to ease the burden of owning an EV, the government and some concessions have made it easy to buy the scooter. Like subsidies for buying the scooter and decreased road taxes. These incentives have helped entice customers to buy EV scooters.
Financing
Opting for finance may consider the loan interest rate and additional fees.
Insurance
Premiums for EV scooters can vary depending on various factors location, scooter value, and driving record. The cost of insurance might range from INR 2,000 to INR 5,000.
Maintenance and operating cost
EV scooters generally require less maintenance as compared to gasoline scooters. As they have simpler mechanics and fewer moving parts, electricity costs depend upon the local electricity rates. Estimation of the yearly mileage would help with the electricity cost. Battery maintenance potential replacements, and tire wear can vary depending on the area and terrain. Research about all these factors can also help. Annual maintenance costs may vary from INR 2,000 to INR 5,000.
Battery replacement cost
Battery replacement can be expensive and is also very crucial. It depends on the type and quality of the battery. New battery costs between INR 20,000 to INR 40,000. Battery life of the EV might also vary from 5 to 10 years
Depreciation: EV scooters may depreciate over time and should consider the resale value when calculating TCO.
Tools and Resources Cost
- Online TCO calculators are very helpful in knowing the estimation of the cost of ownership.
- Consult with EV scooter dealerships and manufacturers for accurate cost and other information.
- Researching the online reviews and gathering certain insights about the EV scooter owners.
Download the PDF To Calculate Cost By Tools
Conclusion
carefully considering all the parameters of buying an EV scooter is very helpful in tracking all the costs and keeping it up to date. Even though the purchase price may be higher ownership of these EVs is helping to bring change to our environment as compared to owning a gasoline scooter.
