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Tata Capital > Blog > Loan for Vehicle > Comparison Between EV and ICE / Non-EV

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Comparison Between EV and ICE / Non-EV

Comparison Between EV and ICE / Non-EV

Today, the debate between electric vehicles (EVs) and internal combustion engine (ICE) vehicles is more relevant than ever. With growing environmental concerns and advances in technology, many people are thinking about making the switch to EVs.

But how do electric vehicles compare to traditional ICE cars? Let’s explore EV vs ICE in detail to help you decide.

What is an EV?

An electric vehicle (EV) runs on electricity stored in a rechargeable battery pack. It uses electric motors instead of a traditional engine, making it an eco-friendly alternative to conventional vehicles. EVs have gained immense popularity due to their minimal environmental impact and cutting-edge technology, with more than 1 million EVs sold in 2023.

What is an ICE Vehicle?

ICE (Internal Combustion Engine) vehicles use fossil fuels such as petrol or diesel to power the engine. These have been the backbone of global transportation for over a century, offering reliable performance and widespread availability.

EV vs. ICE Comparison

Let’s analyze the difference between EVs and ICE in terms of various factors to understand their benefits and drawbacks.

1. Fuel and Energy Source

EVs are powered by electricity, which can be sourced from renewable energy. Meanwhile, ICE vehicles depend on non-renewable fossil fuels such as petrol and diesel.

2. Environmental Impact

One of the main benefits of electric vehicles vs ICE is their positive impact on the environment. According to the International Energy Agency (IEA), EVs produce much lower greenhouse gas emissions over their lifetime compared to ICE vehicles.

On the other hand, ICE vehicles contribute significantly to air pollution and greenhouse gas emissions as they waste a lot of energy, such as heat.

3. Running Costs

EVs carry lower operating costs due to cheaper electricity prices than petrol or diesel. Similarly, maintenance is also more affordable, as EVs have fewer moving parts.

Since fuel prices fluctuate and ICE vehicles have more complex maintenance requirements, the running cost of ICE vehicles is typically higher.

4. Refuelling/Charging Time

While improvement in technology has helped to develop EVs with better range, it remains a concern for many people looking to switch to EVs. Charging can take anywhere from 30 minutes (fast charging) to several hours, depending on the vehicle and charger capabilities.

However, ICE vehicles typically offer longer ranges and faster refuelling times, which remain a significant advantage.

5. Performance

EVs are known for instant torque, resulting in smooth and quick acceleration. This offers excellent performance on the road.

ICE Vehicles deliver consistent performance but can’t match the seamless acceleration of EVs.

6. Purchase Price

EVs generally have a higher upfront cost, although government incentives and decreasing battery costs are narrowing the gap. Insurance premiums for EVs can be higher because of the cost of replacing or repairing their batteries.

On the other hand, ICE vehicles are more affordable initially, but long-term ownership costs can be higher due to fuel and maintenance.

7. Availability of Charging and Refuelling Infrastructure

The availability of charging stations is an important factor in choosing an EV. Although the charging points are growing, they are still not as widespread as petrol stations.

However, more people are now using home charging options, which let EV owners conveniently charge their vehicles overnight.

As for ICE vehicles, since fuel stations are easily accessible worldwide, they are highly convenient for long journeys.

Why Choose an EV?

Opting for an electric vehicle vs an ICE vehicle often boils down to your priorities. Here’s why EVs are gaining traction:

1. Sustainability: Perfect for eco-conscious individuals.

2. Advanced Technology: Packed with smart features like regenerative braking, AI-driven systems, and more.

3. Tax Incentives: Governments offer subsidies and tax benefits for EV owners.

Why Stick to ICE Vehicles?

For some, traditional ICE vs EV vehicles still hold their ground:

1. Lower Initial Costs: Affordable for those on a tight budget.

2. Refuelling Speed: No waiting for hours to recharge.

3. Wide Availability: Fuel stations and mechanics are readily accessible.

Conclusion

Deciding between an EV vs ICE vehicle depends on what matters most to you. If you care about protecting the environment and want lower running costs, an EV could be the better option. However, if you need a vehicle with a longer range and a lower purchase price, an ICE vehicle might suit you better.

Once you have compared EV vs ICE, turn to Tata Capital for affordable bike loans at competitive interest rates and flexible repayment plans. You can easily apply online with minimal paperwork and benefit from quick loan processing. Check your two-wheeler loan eligibility and make your dream bike a reality with Tata Capital today!

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FAQs

1. Which is better, EV or ICE?

The choice between an EV (electric vehicle) and an ICE (internal combustion engine) vehicle depends on your needs and priorities. EVs are better for the environment, offer lower running costs, and are ideal for short to medium distances. On the other hand, ICE vehicles are more affordable initially, have a longer range, and benefit from widely available refuelling stations.

2. What is the difference between EV and non-EV?

The key difference lies in how they are powered. EVs run on electricity stored in rechargeable batteries and use electric motors, making them eco-friendly. Non-EVs (ICE vehicles) rely on petrol or diesel to power internal combustion engines, which produce greenhouse gas emissions and require more frequent maintenance.

3. What is the full form of ICE scooter?

The full form of ICE in "ICE scooter" is Internal Combustion Engine. It refers to scooters powered by petrol or diesel engines, as opposed to electric scooters.