Fuel prices have surged past ₹130 per litre in several Indian cities. For daily commuters, that’s a hard hit to the wallet. Whether you ride solo or drive your family, the cost of mobility is rising — fast.
So is now the right time to ditch fuel dependency and explore public transport or electric vehicles (EVs)? Let’s break it down with Vizzve Finance.
⛽ Fuel Cost: How Much Are You Really Spending?
If you commute 30 km/day in a petrol car:
Mileage: 12–15 km/l
Daily fuel need: ~2–2.5 litres
Daily cost: ₹260–₹325
Monthly (22 working days): ₹5,500–₹7,000
That's ₹84,000+ a year — just on petrol.
🛺 Public Transport vs EV vs Petrol Car
| Mode | Avg. Daily Cost | Monthly Cost | Yearly Cost |
|---|---|---|---|
| Petrol Car | ₹260–₹325 | ₹6,000–₹7,000 | ₹84,000–₹1L+ |
| Public Transport | ₹30–₹80 | ₹1,000–₹2,000 | ₹12,000–₹24,000 |
| EV Scooter | ₹10–₹15 (charge) | ₹300–₹500 | ₹4,000–₹6,000 |
💡Switching could save you ₹60,000+ annually.
🔋 Is It the Right Time to Buy an EV?
Pros:
Lower running cost (₹0.25/km)
Govt subsidies via FAME-II and state EV policies
No fuel dependence
Reduced servicing & maintenance costs
Cons:
Higher upfront cost
Limited charging infra in some cities
Battery replacement after 6–8 years
💡 Break-even in 2–3 years if you commute daily.
🧠 How Vizzve Finance Helps You Switch Smart
EV Loan Planning: Use our loan calculator to plan EV purchases
EMI Breakdown: Compare fuel vs EV EMI monthly
Goal Setting: Set a “Switch to EV” fund goal
Smart Tracker: See how much you’re burning on fuel every week
🚶 Thinking Public Transport? Here’s How to Budget Better
Monthly metro passes or bus cards can save 20–50%
Vizzve can help track your daily commute spend
Try combining public transport + walking + bike for maximum health and savings
💰 Real Impact: What You Could Do with the Savings
If you save ₹60,000/year:
Invest it in SIP (₹5,000/month) → ₹3.5–₹4L in 5 years
Build an emergency fund
Pay off short-term loans faster
❓FAQs
Q1. Should I buy an EV or wait?
If you commute daily and your city has charging infra, now is a good time — subsidies may reduce soon.
Q2. What if I can’t afford an EV yet?
Start by switching 1–2 days a week to public transport, or save up using Vizzve’s goal feature.
Q3. Are EVs really cheaper to maintain?
Yes. No engine oil, no clutch, fewer moving parts — maintenance costs drop by 40–60% over time.
Q4. Does Vizzve offer EV loan tracking?
Yes. We help you plan, track EMIs, and even calculate fuel vs EMI trade-offs.
Published on : 19th July
Published by : SMITA
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RBI-Registered Loan Partner | 10 Lakh+ Customers | ₹600 Cr+ Disbursed