Electric Vehicles (EVs) are everywhere — from cool Instagram reels to your neighbor’s brand-new ride. But is an EV really cheaper in the long run? Or is it just cleverly wrapped hype?
Before you take that “eco-friendly” plunge, let’s unpack what an EV actually costs — and how Vizzve Finance can help you plan smartly beyond the buzz.
🧾 What Most EV Ads Don’t Tell You
Sure, you’ve heard:
“Zero fuel cost”
“Low maintenance”
“Govt subsidies”
But what they don’t say is:
Battery replacements aren’t cheap
Charging stations aren’t everywhere
Insurance and interest rates may differ
Subsidies have a cap and conditions
“It’s not just what you pay upfront — it’s what you keep paying after.”
🔍 EV vs Petrol Car: True Cost Breakdown (₹ Perspective)
| Feature | Petrol Car (5 Years) | EV (5 Years) |
|---|---|---|
| On-road Price | ₹8.5L | ₹11L |
| Fuel/Charging | ₹5.2L | ₹1.2L |
| Maintenance | ₹35,000/year | ₹10,000/year |
| Battery Replacement | ❌ | ₹2.5L (after ~8 years) |
| Resale | ₹3.2L | ₹2.5L (varies by tech) |
| Insurance | Slightly lower | Slightly higher |
🔁 Net savings possible, but not automatic.
💸 Hidden Costs of Going Electric
🔌 Home Charging Setup (~₹50,000 extra)
🗺️ Limited charging infra in Tier 2/3 cities
⚡ Fast chargers cost more per unit
🕑 Longer charging = time cost
📉 Depreciation concerns with older battery tech
💡 How Vizzve Finance Makes EV Planning Smarter
Vizzve goes beyond basic loan EMI calculators. Here’s how we help:
✅ EV vs Petrol Comparison Tool – Real-time cost comparisons by city & mileage
✅ Smart EMI Planner – Includes insurance, charging, and setup costs
✅ Fuel Savings Forecast – Track how long it’ll take to actually break even
✅ Green Loan Advisory – Find best financing partners with low EV interest rates
✅ Subsidy Checker – Know if you qualify under FAME or state EV schemes
✅ Service Budget Alerts – Set auto-reminders for battery care and warranty limits
“Hype won’t pay your bills. But Vizzve will help you plan them.”
🔁 Real Buyer Insight: Hype vs Reality
Rohit, a content creator from Pune, booked an EV after seeing low running costs. But he didn’t budget for the ₹40K home charger or ₹8K/year insurance hike. After using Vizzve’s EV planner, he reworked his loan and opted for a hybrid instead — saving ₹1.2L over 3 years.
🧭 Final Word: Make Your EV Move Smart, Not Just Stylish
Buying an EV isn’t just a car decision — it’s a financial decision. One that needs the full picture, not just the shiny part.
With Vizzve Finance, you get clarity, calculators, and confidence to make the right green move — with your money and mindset aligned.
🎯 Sustainable mobility starts with sustainable planning. Choose wisely. Choose Vizzve.
Published on : 7th July
Published by : SMITA
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