Paying extra to buy EV over petrol car? OpEx advantage may shock you; check break-even point, ROI, cash-flow benefits
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓An electric SUV can offset its higher purchase price through lower running and maintenance costs.
- ✓Driving 40 km daily helps you save nearly ₹90,000 every year.
- ✓While the initial price is high, you recover the extra cost in 40 months.
Story at a Glance
- Category
- BUSINESS
- Reported By
- mint
- Reading Speed
- 3 Minute(s)
- Market Focus
- India Economy
An electric SUV can offset its higher purchase price through lower running and maintenance costs. At 40 km of daily driving, estimated annual savings are nearly ₹90,000.
Paying more for an electric car can feel difficult when comparing showroom prices. However, lower running costs could help recover that extra payment over time. The key question is how much you drive every day.
OpEx advantage
The real advantage lies in the Operating expenses (OpEx). Consider a compact SUV driven 40 km daily, covering around 14,600 km annually. Assume the petrol version delivers 15 km per litre. Let's say petrol costs ₹100 per litre. The electric version covers 8 km per unit of electricity, costing ₹8.
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