The auto industry is going through a dramatic change. Buyers are more environmentally conscious today, looking at personal vehicles not only in terms of comfort and luxury but CO2 emissions as well. The benefits of EVs have been noticed by governments not only in India but all over the world.
Here are 5 reasons why electric cars are the future:
1. Falling battery cost
With government subsidies and battery technology getting cheaper, it is only a matter of time before there’s an EV for every budget. Currently, EVs cost between Rs 20 lakh-25 lakh in India, which is not a high price to pay given EVs like the MG ZS EV come with sophisticated technology that rival German carmakers.
2. Lower cost of ownership
Cost of ownership is very important for car owners as most cars are picked up on loan. High maintenance cost, fuel bill, and monthly instalment of Rs 20-30 thousand can be quite a financial burden on the owner. This is not the case when it comes to electric vehicles, which are not only cheaper to maintain but are cheaper to run as well.
An average maintenance cost for an EV can be around 50 percent cheaper compared to regular cars. Fuel saving on EVs can be in the region of 70-75 percent when compared to fossil fuel cars.
3. Longer range, shorter charging time
Range anxiety is the one thing that has been a common worry around the world when it comes to EVs. This is especially true for older EVs that did not have much range and took hours to charge. Today we have modern cars like the MG ZS EV that can comfortably offer a range of 260km in one charge and 80 percent battery charge in just 40mins. Perhaps even more significantly, the ZS EV a range of 200km in just a 40min charge.
4. Zero-emission zones in metros
Cities are getting excessively polluted all over the world, and India is no exception. Delhi has been facing this problem for over a decade now. The way things are going, there will be a time when parts of the country, especially big cities, will have zero-emission zones. This basically means no vehicles running on fossil fuel will be allowed within a certain perimeter. Given the climate challenges that the world faces, this will be a reality sooner than expected.
5. Swappable battery tech
As the name suggests, this tech is all about exchanging your discharged batteries for charged ones at a charging station. This tech is something that has still not been widely used but will become a common sight in the near future. Once mass adoption of this technology happens, electric cars will be the preferred mode of transportation for car buyers.
With government regulations and environmental concerns surrounding internal combustion engines, it is only a matter of time before EVs are the preferred choice for everyone. Brands like MG are working on getting this future tech to our country today with cars like the MG ZS EV.