EV vs ICE Calculator

Pricing

ICE Car Price (Petrol)

EV Car Price

EV Subsidy

Upfront Difference: ₹4,00,000

Running Costs

Monthly Usage (km)

Petrol Price (₹/L)

ICE Mileage (km/L)

Yearly Petrol Cost: ₹96,000

Elec. Rate (₹/u)

EV Efficiency (km/u)

Yearly Charging Cost: ₹16,457

Maintenance & Insurance

ICE Maint. (Yearly)

EV Maint. (Yearly)

ICE Insurance

EV Insurance

Opportunity Cost

Return Rate (%)

Inflation Rate (%)

Analysis Period (Yrs)

Return earned if you invested the savings, adjusted for inflation.

Estimated Break-Even

Calculated based on fuel, maintenance, and investment returns.

Financial Breakdown

Upfront Difference₹0

Fuel Savings/Yr₹0

Maint Savings/Yr₹0

Insur Savings/Yr₹0

                            Total Yearly Save
                            ₹0
                        

About This Calculator

This EV vs ICE calculator goes beyond simple fuel savings. It calculates the Total Cost of Ownership (TCO) by factoring in the "Opportunity Cost" of the upfront price difference. If you save money buying a petrol car, you could invest that difference. We calculate if your EV savings beat those potential investment returns.

Frequently Asked Questions

What is Opportunity Cost?

It's the potential gain from other alternatives when one alternative is chosen. Here, it's the interest you could earn if you invested the money saved by buying a cheaper car.

Why is EV insurance higher?

EVs currently have higher insurance premiums because they are more expensive to repair, and parts (like batteries) are costly.

EV vs ICE Calc

Financial Breakdown

About This Calculator

Frequently Asked Questions

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