With the trend of modernization and advancements getting higher and higher every single moment, consumers spread across the globe have shown keen interest in improving their 'luxury status' one step ahead with every purchase they make. Electric cars fulfill this need quite better. We share a common feeling of enthusiasm while talking about electric cars in India. So let's drive deep into the topic and get electrified.

A bit of detailing

Electric cars are different from conventional cars with combustion engines since they don't require petrol, diesel, or CNG because they have batteries that can be charged and reused again and again. There are three types of Electric vehicles available in India as of now. They are-

• Battery Electric Vehicle (BEV) - They are entirely battery-operated.
• Plug-In Hybrid (PHEV) - has a medium-sized battery and petrol or diesel-powered engine.
• HEV (Hybrid Electric Vehicle) - Also known as Self-Charging Hybrid cars. It has a battery to take up to 25-30 kmph, after which the petrol/diesel engine takes over.

What makes them different?

'Pocket-friendly'

According to Ergon Energy Network (a subsidiary company of Energy Queensland Limited), the cost of the electricity required to charge an EV (Electric Vehicle) is around 40% less than the cost to use petrol for a similar-sized vehicle driving the same distance.'

Lowers maintenance burden

Most car manufacturers warranty EV batteries to not degrade beyond a certain level for around eight years. Electric cars have fewer moving parts than conventional combustion engine cars. Thus, making it easier to service. Also, it doesn't require you to visit service centers so often.

Eco-friendly

Electric cars are the least polluting vehicles, and therefore, they seem perfect for sustainable growth.

Indiabreifing.com states that 'By making the shift towards electric vehicles (EVs), India stands to benefit on many fronts: it has a relative abundance of renewable energy resources and availability of skilled manpower in the technology and manufacturing sectors.'

Steps were taken by the Indian Government to promote electric cars

With regards to environmental concerns, the government of India is promoting more and more use of electric vehicles in use. The number of charging stations shows growing figures. Department of Heavy Industry (DHI), under the National Electric Mobility Mission Plan (NEMMP) 2020, has prepared the Faster Adoption and Manufacturing of Electric Vehicles (FAME) scheme to support the development of Hybrid Vehicles (HV) and Electric Vehicle (EV) markets as well as that of their manufacturing eco-systems.

Here's how you can save on taxes

In the union budget of 2019, the government has announced an incentive for the purchase of electric vehicles (up to Rs150000 for individuals and beyond for business vehicles).
A new section 80 EEB has been introduced to allow a deduction for interest paid on loans taken for the purchase of electric vehicles from the AY 2020-21.
Under the scheme (FAME - Phase II), the incentives are available for electric two-wheelers, 3-wheelers, and four-wheelers for the loans sanctioned from1 April 2019 till 31 March 2023.

A glimpse of Future in India

Experts say that the future of India in respect to electric cars seems good as the country has begun taking a few important steps to promote manufacturing, marketing, and usage of the same. According to CISION PR NEWSWIRE, 'India's electric vehicle market size is expected to reach USD 152.21 billion by 2030. The market is expected to expand at a CAGR of 94.4% from 2021 to 2030.

Electric cars are beating the trend with their technologically advanced functionality. You can enjoy an affordable, noise-free, pollution-free, and energy-efficient ride that doesn't need to bear the inflated fuel expenses. So don't just wait for the trend to move, join it and be a part of the masses that create the trend! Visit Car Galaxy for more info!