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Compare total cost: EV purchase with FAME II subsidy vs. petrol
Cheaper Option
EV Total Cost
Petrol Total Cost
Difference
EV vs petrol comparison: EVs cost 2-3x more upfront but 30-40% cheaper to operate (charging: ₹1-2/km vs fuel: ₹6-8/km). Maintenance: EV ₹20-30k/year, petrol ₹50-80k/year (no oil, spark plugs). Tax: EV registration 50% cheaper in many states. Break-even: 5-7 years for high-mileage drivers (>40k km/year). Long-term (10 years): EV significantly cheaper despite higher purchase price.
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This calculator is provided for informational and educational purposes only. While we strive for accuracy, results should be verified with official sources or by consulting qualified professionals. Tax laws, rates, and regulations are subject to change. GotRedFlags is not responsible for financial decisions made based on these tools.