EV vs Petrol Car & Bike Analysis for 2023| Do Electric Vehicles Make Sense?|Tata Nexon EV Vs Petrol

EV Cars vs Petrol Cars & Bikes. Are electrical vehicles the future of cars? Complete cost & benefit analysis of Tata Nexon EV and Tata Nexon petrol car, EV Car Review, EV vs Petrol cost comparison.
Sign-up to our new app for discounts and early access:
-------------------------------------------------------------------------------------------
Do Your EV vs Petrol Car Analysis👇🏼
-------------------------------------------------------------------------------------------
Time Stamps
00:00 – Intro
00:45 – Should we buy EVs in 2023?
01:12 – Price Analysis of Tata Nexon EV
10:52 – Qualitative Analysis of EV Cars
11:00 – Pros of EV Cars
13:37 – Cons of EV Cars
17:36 – Do EV Cars Make Financial Sense?

About the Video
Around the world, electric vehicles are gaining a lot of popularity. Primarily because they are said to be green and sustainable. But are EV batteries really green? Electric cars do not have net zero carbon emissions. Moreover, electric vehicles are 60-70% more expensive than petrol & diesel cars. And the rates are skyrocketing for the best electric cars. The real question here is whether EV cars are better than petrol cars or not.

In this video, we have done a price comparison of Tata Nexon EV with its petrol variant, and actually see which of the two is economical in terms of money and sustainability. We have tried to cover all running and upfront costs. We’ll also discuss the various advantages and disadvantages of an EV car. From a financial standpoint, EVs don’t make sense as of now. But pollution is a big worry in India, EVs are the future. Going forward battery costs may reduce. As and when upfront cost of EVs can match that of petrol or diesel cars, EVs will definitely make sense financially also. Also, infrastructure will also improve in another 5 years.

In this video, we’ll cover the following concepts and questions:
1. EV Cars in India 2023.
2. EV vs Petrol cars.
3. Are electric vehicles sustainable?
4. Electrical vehicles price in India.
5. Does EV battery have net zero carbon emissions?
6. Best electric cars in India.
7. Is EV better than petrol?
8. Is EV cheaper than gas?
9. Price of Tata Nexon EV in India.
10. EV vs petrol bike.
11. Are electric cars green?
12. Cost & Benefit analysis of Tata Nexon EV.
13. EV vs petrol cost comparison.
14. Electric cars 2022.
15. Pros of electric cars
16. Cons of electric vehicles.
-------------------------------------------------------------------------------------------
Connect with Us
-------------------------------------------------------------------------------------------
Website

#EVCar #ElectricVehicles #EVvsPetrolCars

[AssetYogi]

Enjoy Free Access to select Financial Insights & 1st Chapter of all the courses.

[parasjoshi]

U should have considered fuel price rise by at least 5%p/a. Increasing running charges for more accurate calculation. For example when I bought my car it was 68/ltr, now after 8 years 98/ltr.

[tanmoydas]

This comparison is meaning less. EV and petrol car both has there own advantage and disadvantage, target audience. But everyone should agree that comfort and features wise EV is far far better than their IC engine version. In short EV is more luxurious, you cannot calculate the cost of luxurious feeling or premiumness. Why I am saying this? Just a test drive of EV. It is like you are comparing iPhone with a budget android phone. DO YOU PEOPLE DO SAME TYPE OF CALCULATION WHEN BUYING A MOBILE, CLOTHES OR ANYTHING. HERE I GAVE EXAMPLE WITH IPHONE BUT IT MIGHT BE DIFFERENT FOR U. THANKS FOR READING.

[deepak-grfo]

I have got ₹2.5L subsidy in Maharashtra making cost less. Used this saved ₹2.5L to install solar power and now the running cost of vehicle is ZERO plus 100% savings on electric bill. 😊

[ManthanRana]

Great comparison.
Being a financially savvy & Tech Enthusiast I was also suggested by many to purchase a Petrol vehicle. I have opted to purchase Nexen EV MAX.
These are some points which I think should be considered which would be a fair comparison.
1. Not sure but almost 80% people would be purchasing car with Loan. There is Interest Tax benefit also under 80EEB.
2. Taking account of Tesla's experience, Car batteries last much longer than car itself. They degrade but still are usable up to 80 capacity (Range) after almost 10 years.
3. Having Solar panel installed at home I am virtually running car for free.
4. Maintenance is almost negligible compared to ICE engine as this has only Electric Motor as Engine. Yearly/ 15000Kms needs Gear oil change which costs only 1900 Rupees.
5. Having Regen to slow down the car, tires and brakes are also not used as frequently so they last longer.
Having these benefits, the breakeven would be of higher price would be in almost 3-4 years only.

[damonsalvatore]

But petrol prices bhi continuously rise hote hai rehte hai to calculation me 5-7 saal ke baad ke expected petrol ke prices se calculation Krna chahiye

[adityaparakh]

For Tiago the difference is lesser.
For XTA Petrol vs XT Electric, the difference onRoad in Hyderabad is merely <2.5L.

The smoothness of gearless drive vs jerkiness of AMT itself is worth ~1L if we try to quantify it. The rest can be recovered against fuel cost of drive of just 20, 000 km.

Your thoughts on this ?

Can consider making a video on Tiago (It's a hot new launch).

[jaibhartjaiaryavert]

मैंने पांच साल पहले एक इलेक्ट्रिक सकुटी खरीदी साथ75000 रू में नया खरीदा था, पांच साल जमकर उस पर 5 हजार खर्च मेंटेनेंस आया. चार साल बाद उसमें 12 हजार रू का बैटरी डलवाया.
फिर वो पुरी तरह जाम हो गई, दुकान वाले ने 8 दस हजार का खर्च बताया.
फिर मैंने उस सकुटी को कबाड़ी को विनती करके 1500 रू में बेच दिया.
जबकि मै सकुटी को सिर्फ हर दिन 10 कीलोंमीटर ही चलाता था.
अब मेरे पास होंडा एकटिवा है, शेर की तरह चलता है, ताकत के साथ.

[amitadi]

One flaw on the analysis is - it missing to consider if a person wishes to purchase the vehicle taking a loan.. There is an additional tax deduction available for the Interest paid on the loan, which is meaningful… However overall a good video 👍

[shashiranjanthakur]

बाकी सब तो ठीक है लेकिन यदि 8 से 10 हजार महीने का पेट्रोल की राशि बचती है और उस रूपए का आर डी, मैचुअल फंड, sip इत्यादि में डालते है तो उसका वैल्यू भी देखना होगा।

[darshangujrathi]

Great financial comparision between petrol & EV variant of Tata Nexon! However, what I didn't understand is why you picked up such expensive EV variant when we have affordable option (Tata Tiago EV) also available now which was launched on an aggressive low price.
Secondly, not sure if I have missed anything here, have you considered the fuel price rise for the next 15 years. I know electricity cost also gonna increase, but not at the same rate as petrol.
We should also consider a point that India has to import petrol from foreign countries who are dominating the world now, whereas electricity can be generated at an individual home using solar plates which can be actually free for a lifetime.
I would appreciate if you could include these points while comparing Petrol vs EV vehicle.

[keerthankini]

Dear Yogiji,

I recently came across your theory about electric vehicles (EVs) not being a value-for-money choice compared to petrol cars, and I wanted to share my perspective on the matter.

Firstly, you mentioned that the excess amount spent on purchasing an EV could be invested in the share market or mutual funds to generate good returns. While investing in the financial markets can potentially yield profits, it's important to consider a couple of points regarding your theory.

Nobody buys a car with cash: In reality, most people purchase cars through financing options such as bank loans or leasing. When you opt for a loan, the additional 5 lakh rupees you mentioned would add to the loan amount, resulting in a slightly higher monthly payment. In this case, your theory of investing the excess amount wouldn't apply directly since you are still required to repay the loan.
Where will the excess 5 lakh come from if you are buying it via a bank loan? If you are considering taking a bank loan to buy a car, the loan amount will cover the full cost of the car. In this scenario, there won't be any extra money available to invest in the share market or mutual funds. The loan repayment will be based on the total cost of the vehicle, regardless of whether it's a petrol car or an EV.
Additionally, it's important to note that evaluating the value for money of an EV extends beyond the initial purchase cost. EVs typically have lower operational and maintenance expenses compared to petrol cars. The cost of electricity required to charge an EV is significantly lower than the cost of petrol. Moreover, EVs have fewer moving parts and typically require less frequent maintenance, resulting in potential savings over the long run.

Furthermore, various governments and organizations offer incentives, tax benefits, and subsidies for purchasing EVs, which can help offset the initial higher cost. These incentives, combined with potential fuel and maintenance savings, can make owning an EV a more cost-effective option over time.

It's crucial to consider the broader picture when assessing the value for money of EVs. The transition to electric mobility is gaining momentum globally, with advancements in technology and infrastructure further enhancing the viability and appeal of EVs.

I believe it's worth exploring the comprehensive advantages and disadvantages of EVs before making a judgment solely based on the upfront cost.

[jitendersinghal]

Overall good video. few more points you can add - 1. Petrol price in future 2. Oil extraction from sea or earth. 3 Oil refineries take energy to provide petrol. 4. India is moving away from coal at good speed. 5. Delhi polution need to be fixed, even if it take 2x price.

[amoljoshi]

Hello Sir, I feel you have skipped 2 very important points in this video and I suggest you create part 2 of this video explaining those 2 points. 1 - Buying the vehicle on loan for say 5 years (70% of the on road cost), 2 - If the vehicle is used commercially (my calculations show that you can recover the cost in only 3 years even if you are using it 150 KM daily / 54750 KM per year). I have also found that fast charger will take 60-90 mins to charge the battery for 80% which is okay considering the cost benefits, and all of this considering the per KM cost of Rs. 1.4 (double cost than explained). Thanks

[vinodreddy]

It is wonderful analysis Sir, yes cost wise won't make sense, but we have missed a parameter- petrol price inc last 15 years it increased from 33rs to 100rs avg of 13%

[abhisheksharma-pflx]

if you are adding multiple investment options on Petrol, I believe you should also include 80EEB tax benefit for TVs as well. that will definitely help in saving 40-60K every year on loan Interest. Plus a customer can invest rest of the amount to some FD or MFs and also convert that amount into benefit after purchasing an EV.
Qki sırf petrol vehicle lene wala smart nhi ho sakta, EV wala bhi ho sakta hai. Thank you.

[sanketsarang]

Thank you... I thought I made a mistake buying a petrol vehicle. Your vehicle made me realise I made the right decision. I will buy an EV after 10 years.

[Rn]

For electric vehicles, one can also claim income tax exemption under section 80EEB each year for the interest paid on the loan amount to purchase it. That's yet another benefit.

[navinsatyanna]

Petrol rate inflation and per unit cost cost increase for electric vehicles also need to be taken into consideration

[mridulgupta]

8:40 after 8 years you should also consider replacing of new batteries in EV cars, which will be close to 50-60% of overall car value.