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5 Things To Know Before Purchasing An Electric Car

Electric vehicles (EVs) are fast becoming the future of automobiles. Buying an electric car protects you from the rising fuel prices. These green vehicles are also better for the environment. The Indian government provides various subsidies under the Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles in India (FAME) Scheme, motivating people to favour EVs over conventional vehicles.

However, to protect your EV from damages from accidents, car insurance is crucial. Along with the car insurance rates, here are some factors you should consider before you opt for an EV.

1. Driving Range

 If you are seeking a vehicle that you can drive across cities, then an EV is not the ideal choice. An EV can run as far as its battery life allows it. And while you can easily refill the fuel tank of a conventional vehicle, you may face difficulty in locating a charging station for your EV.

2. Price

 The purchase price of an EV is high, as are car insurance rates. This is mainly due to the vehicle’s battery. And while manufacturers are trying to replace cobalt with nickel to reduce the final cost of an EV, it will take some years before any prominent improvement comes into effect.

3. Variants

 You have several options for the type of EV you want to purchase. If you wish to go completely eco-friendly, you can select a fully electric car. But if you want to maintain some conventionality with less harm to the environment, then you can go for a hybrid vehicle. Hybrid electric/gas automobiles run on both electricity and fuel.

4. Maintenance

 It is a known fact that electrical equipment is hard to maintain. The same goes for an EV. The battery of an EV is the expensive part. Any damage caused to the battery will attract a lot of expenses as repair or replacement costs. Repairing or replacing any other parts of the vehicle is also not a cheap deal.

*5. Battery Life and Warranty-

*As an EV runs on battery, you need to carefully assess the battery quality. Manufacturers usually offer a warranty on the battery’s charging capacity. But before granting a replacement or free service, the manufacturer will check the duration of vehicle ownership along with the total mileage driven.

10 QUESTIONS TO ASK YOURSELF BEFORE BUYING AN ELECTRIC VEHICLE

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