The Nexon EV is India’s best-selling electric car and has recently been enhanced by a comprehensive software update. Is this the EV you should put your money on?
Published on Jan 22, 2021 02:00:00 PM
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Several state governments are incentivising electric cars with a 100 percent waiver of road tax, and some states are also providing additional monetary subsidies. Delhi provides a subsidy of Rs 1.50 lakh to EV buyers, whereas Maharashtra is offering a Rs 1 lakh rebate to the first 10,000 EV buyers. In addition, owners can also avail of a Rs 1.50 lakh benefit on the interest on a loan taken for the purchase of EVs under Income Tax section 80EEB. FAME subsidies, however, aren’t applicable on the Nexon EV as those are for commercial vehicles only, and Tata has restricted the sale of the Nexon EV to private users for the time being.
The second aspect is the running costs. While the per-unit cost of electricity differs across service providers and household consumption slabs, even at a fairly high Rs 8 per unit, it takes roughly 30 units to charge the EV’s 30.2kWh battery using a 15-ampere wall socket. So a charge from 0-100 percent will cost approximately Rs 240, resulting in a cost of roughly Rs 1.2-1.5 per km, which is nearly a fourth of what diesel compact SUV owners would spend on fuel.
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