Electric Cars Price: At present, the cheap electric car on the market in the nation is also priced at more than Rs 12 lakh, and many people question if an electric car would ever be accessible in the country for between Rs 5 and Rs 10 lakh. So the answer would be no when considering the immediate options. Based on the idea behind electric cars and the technologies employed, this response can be made. Because of the difficulties involved in steadily expanding the range, a cost reduction is not conceivable.
Maruti abandoned EV plan
Maruti has decided against launching its electric WagonR on the market and is instead planning to launch a new EV at a greater cost. In actuality, there is now no possibility of an affordable EV becoming on the market. The latest EV from MG may cost around Rs 10 lakh. While the Tiago EV can also be required to pay about the same cost.
If the price goes down then the sales will decrease
Manufacturers will have to sacrifice the car’s range in this budget range to keep production costs down. This can cut the range of the electric cars by around 150 km, preventing buyers from purchasing them out of concern over the limited range. While the aforementioned range of vehicles can be purchased in the country with the help of a sizable network of chargers, building such India’s infrastructure will take some time, and even then, it won’t be simple to implement a sizable charging system.
That’s why electric cars are expensive
The most expensive battery type utilized in electric vehicles is lithium-ion. Lithium costs are not likely to decrease due to increasing worldwide EV sales and demand. The only solution to reduce prices is to make electric vehicles and lithium-ion batteries locally. Even so, their costs won’t change significantly as a result.
it will take a long time
These vehicles are currently suitable for the market in the nation as a whole in the price range of Rs 12 to 25 lakhs. Less than this will not be beneficial for the customers in terms of range and battery performance. This demonstrates that Indian consumers expect EVs to be less expensive than Rs 10 lakh, but whether they will be in the future relies on emerging technologies. The moment has arrived for a truly inexpensive electric vehicle.
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