Electric vehicle (EV) sales are increasing steadily on a worldwide scale, with a compound annual growth rate of 20%. By 2030, it is anticipated to increase from 8 million units to 40 million units. Concerns about pollution are only one of the causes behind this exponential rise.
There is no denying that electric vehicles (EVs) are the way of the future for transportation, and while newer materials may be employed in battery chemistry and advances will continue, with the following benefits
Significant cost savings and maintenance: Operating and maintenance expenses account for a sizable portion of the cost of owning any vehicle, and it is now widely known that EV purchasers pay far less on fuel/energy and maintenance since EVs have fewer moving parts than a gasoline engine, which makes it easier to maintain.
Eco-friendly savings on emissions: By 2030, switching to electric mobility would enable India to reduce carbon emissions. Every electric automobile on the road helps reduce air pollution in the coming years. Two and four-wheeler commutes are prepared to contribute to the environment by switching to electric vehicles (EVs), which have no exhaust emissions and will ultimately aid in the fight against pollution and climate change.
Tax Saving: Tax savings are a benefit of purchasing or leasing an EV. If an electric vehicle is registered in the name of your business, you can take advantage of the first-year depreciation allowance of 40% to reduce your income tax. The government is also in favor of the decision to purchase an electric vehicle and has already put up an EV policy that entitles to cover the additional benefits.
Convenient charging: Instead of utilizing fossil fuels like diesel or petrol, electric vehicles use electricity to recharge their batteries. Now the availability of EV charging stations and infrastructures is emerging, it will be simpler for commuters to charge their vehicles at a local station instead of standing in line at the CNG stations or gas pumps. The EV owners have the benefit of choosing EV charging stations at home using ElectricPe.
The era of electric automobiles is here! Manufacturing firms are working harder to transition to electric vehicles from conventional vehicles. There are several benefits to owning an electric vehicle with the proper infrastructure and functioning. And at ElectricPe, we're on a mission to provide a billion Indians access to clean, smart, and inexpensive electric mobility. We are providing a one-stop shop for all of your EV needs. With so many benefits, this year could be the time to buy a battery-powered vehicle. "Think electric" and move!
