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Tata Capital > Blog > Loan for Vehicle > Electric Cars Vs. Petrol Cars – Which Is Better?

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Electric Cars Vs. Petrol Cars – Which Is Better?

Electric Cars Vs. Petrol Cars – Which Is Better?

In a world increasingly conscious of its environmental footprint, the choice between electric and petrol cars has become a hot topic. It's a decision that can be challenging for consumers, filled with a myriad of advantages and disadvantages. 

Electric cars, powered by batteries, offer the allure of zero emissions, while their petrol counterparts rely on gasoline, producing emissions that contribute to air pollution. 

In this article, we will embark on a journey to explore the differences between electric and petrol cars to help you make a well-informed decision.

Electric Cars Vs Petrol Cars: Cost Comparison

Purchase Cost

When choosing between electric and petrol cars, the initial price is a primary consideration. Electric cars are generally pricier due to battery costs, though prices have been decreasing. In contrast, petrol cars are traditionally more budget-friendly, with variations depending on the make and model.

Maintenance Cost

Maintenance costs favour electric cars. They have fewer parts, reducing maintenance needs. Electric cars don't require oil changes, and their brakes last longer due to regenerative braking. However, battery replacement is an eventual expense. 

Petrol cars typically require more maintenance due to complex internal combustion systems and fuel system upkeep.

Fuel Cost

Running costs present a clear advantage for electric cars. They're cheaper to operate because they use electricity, which is generally more affordable than gasoline. Electric cars are also more efficient at converting energy into motion. 

In contrast, petrol cars tend to be more expensive to run due to higher gasoline costs and lower efficiency.

Traditional Car Vs Electric Car: Performance and Driving Experience

Acceleration and Speed

When comparing electric and petrol cars, performance and the driving experience are crucial considerations. Electric cars hold a unique advantage in this regard. Their instant torque allows for swift acceleration from a standstill. In contrast, petrol cars often exhibit a delay between pressing the accelerator and power delivery, impacting responsiveness. 

Electric cars also excel in reaching top speeds quickly, thanks to their seamless power delivery. In contrast, petrol cars may take longer to reach their top speed due to gear shifting.

Noise Levels

Noise levels significantly affect your driving experience. Electric cars lead in this aspect, being notably quieter than petrol cars due to the absence of an internal combustion engine. 

While electric cars do emit a subtle humming sound, it's far less intrusive than the engine noise of petrol cars.

Other Factors Affecting the Driving Experience

Beyond acceleration and noise, additional factors impact your driving experience. Electric cars feature regenerative braking, aiding in controlled deceleration when you release the accelerator pedal. This contributes to a smoother drive. 

Electric cars also tend to have fewer moving parts, resulting in lower maintenance costs and enhanced reliability. On the other hand, petrol cars offer versatility with a wider range of engine sizes and fuel efficiency options. 

They can also cover longer distances on a full tank of fuel compared to electric cars on a full charge. This can be advantageous for those with extensive travel needs or residing in areas with limited electric vehicle charging infrastructure.

Electric Cars Compared To Petrol Cars: Government Incentives and Policies

The government promotes the installation of electric vehicle charging stations by providing financial support through the FAME India Programme Phase II and state-level initiatives. So far, the Indian government has announced several incentives, which include:

FAME-II: The Indian government launched the FAME India project in 2015 to reduce the use of gasoline and diesel vehicles. This programme aims to promote all types of electric vehicles. The plan encompasses areas such as technology adoption, pilot projects, technological development, and charging infrastructure. FAME-II, initiated in April 2019, had a budget of Rs. 10,000 crore to support various electric vehicles. The plan was set to expire in 2022 but has been extended through March 31, 2024, in the budget for FY 2022–23.

PLI Scheme and Related Initiatives: Production-Linked Incentives (PLIs) are financial incentives designed to enhance productivity and make EVs more affordable for consumers. This scheme offers significant benefits to EV manufacturers. The scheme's total payout is Rs 18,100 crore, distributed over 5 years when the manufacturing plant is operational.

Battery Swapping Policy: This policy aims to standardise the batteries used in EVs across India. Battery swapping can be a more efficient option for time-sensitive services such as delivery and intercity transportation, as it allows for the quick exchange of depleted batteries for fully charged ones. It's projected to gain acceptance in segments like 2W and 3W vehicles.

Duty Reduction on Electric Vehicles: The budget proposes reducing customs charges on essential components for lithium-ion batteries used in EVs. This reduction will assist local EV battery manufacturers in lowering production costs and promoting the adoption of electric vehicles.

Electric Cars Vs Petrol Cars: Future Outlook

Predictions for Future Market Share

The automotive industry is a dynamic landscape, shaped by technological progress and shifting consumer preferences. When contemplating the future market share of electric and petrol cars, it's essential to recognise the profound impact of government policies and consumer choices. Electric cars are expected to capture up to 64% of new car sales by 2040.

These factors encompass adjustments in government policies, advances in battery technology, and fluctuations in oil prices. As the industry advances, these variables will continue to mould the market share of electric and petrol cars. 

Potential Changes in Government Policies or Consumer Preferences

Government policies and consumer preferences will play a substantial role in shaping the future of India's automotive industry. However, it's the choices made by consumers that will ultimately steer the market. 

As consumer awareness of electric cars and their benefits grows, it's likely to impact the future landscape of the automotive industry. Your preferences and choices hold significant sway in this evolving automotive landscape.

New Technology and Innovations

The automotive industry thrives on technological advances, poised to have a profound impact on its future. For example, advancements in battery technology have the potential to make electric cars more cost-effective and efficient. Improvements in autonomous driving technology may revolutionise how Indians commute and drive. Furthermore, the development of hydrogen fuel cell technology and other alternative fuel sources could reshape the industry.

Electric Cars Vs Petrol Cars: Conclusion

In the ever-evolving world of automobiles, the choice between electric and petrol cars is not a one-size-fits-all decision. It's a decision that hinges on your personal needs, preferences, and values. 

If you're environmentally conscious and seek a sustainable mode of transportation, electric cars, with their lower emissions and energy-efficient operation, could be your perfect match. On the other hand, if you prioritise long driving ranges and faster refueling, a petrol car might better suit your needs.

For those interested in transitioning to electric cars, TATA Capital offers exciting offers with its vehicle loan. So drive on, well-informed and confident, towards the transportation solution that best suits you.

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