Now that even the government has acknowledged that there will be a multi-million electric vehicle market within the next few years. But the fact is that the Government themselves do not know how this will come about. The government knows one thing, that is is to increase the petrol price slightly, around 5-6 times a year. So much so that in 5 years the price of petrol could be around Rs 138 per liter. It will also indirectly affect the value of our Rupee. Thus if the addiction to oil continues when the price of Petrol is around Rs 138 then the Dollar will be around Rs 100 to 110 although the real price of the Dollar would be less than Rs 20 as they keep printing more Dollars! This will seriously erode any financial stability or improvement as a country. Thus for becoming a stronger economy we have to move away from dependence on Oil and Electric cars can help any country wean away from the Oil addiction!
After the price crosses Rs 100 the rise will multiple quickly and every increase will be painful to the people with a petrol car. Inflation will easily skyrocket, any business depending upon transportation especially food and tourism sectors will experience steep price hikes every year.
So the question is to buy an electric vehicle or not?
These are the two main questions that we get from people we interact with on our site. Everybody is excited about the car but are unsure about how its performance will be and if the car will suit their daily routine.
The electric car saves money for anybody who drives the car even for 1 km but the ones to profit the most from it are the people who dive the car the maximum possible distance per day. The more you drive the more profit you make. Meaning those who drive around 90 km daily. The best example is Mr. Ranjan Ray who drives around in New Delhi, he states “When you compare the kilometers and the money spent on traveling that distance, there is simply no match across any segment of automobiles.” He has driven about 5,000 km in just 54 days traveling at an average of 92 km every single day.
Now suppose he had to travel the same distance using a petrol car, which he previously drove gave him an average of 15 kmpl. Thus 5,000 km/15 kmpl = he would need 333 liters of petrol which would have cost him Rs 79.56 per liter. This would have set him back by Rs 26,493 (333 x Rs 79.56). The charging of the car cost him just Rs 5.27 daily. His total electric bill has been Rs 2898.
This shows that in approximately two months he has saved Rs 23,595 (26,493-2898). Thus in a year he will save Rs 159,484. This is almost the cost of a Nano car!
For more detailed comparison (when petrol price was lesser) you may read here:
The vehicle will enable your college going kids to travel the length and breadth of India opening up his horizons and learn about the country and grow as a person. The kid will be able to take decisions and learn how to fix a flat Tyre. Things you learned much later in life. The e2o is a safe vehicle so they cannot over-speed in it, will always be driving under the speed limit and driving safe.
In most other cars people look outside India to find a better car. But e2o is one of the rare occasions that India has beaten the world and developed a quality electric car that cost only US$ 13,000 (1$=Rs 59). Nano has been another achievement that highlights the frugal aspects that are traditionally ingrained in Indians as individuals.