Mobility Blog

Are EVs the right choice?

Are EVs the right choice?

The future of mobility is electric. From TATA Motors with its Nexon EV to Hyundai’s Kona Electric, every major car company has recognised this fact and is well on the road to offering Electric Vehicles (EVs) in markets across the globe. Every day, more people are shifting to EVs. While its eco-friendly features are central, the benefits of EVs aren’t limited to the environment. They come with significant cost benefits and an improved driving experience.

The best car leasing companies offer EVs across price ranges. With the upfront costs for purchasing EVs being on the higher side, leasing offers an economical alternative. Now, you can procure the best electric vehicles, and enjoy the host of benefits it comes with, via easy monthly rentals, and no down payment. 

Still wondering whether an EV is a good option? Here are a few things to consider.

The solution for pollution

Eco-friendly has become synonymous with electric vehicles. It is largely accepted that EVs are the best option available for the environment. EVs are a zero-emission mobility solution that can significantly drive down air pollution in cities and towns with saturated commuter traffic. Not only does this reduce our carbon footprint, but it also helps us breathe easier and live healthier lives. So, by choosing EVs, you choose a better world for everyone. 

In the overall lifetime of vehicles, EVs fare better than any Internal Combustion Engine (ICE) vehicle. Besides, the sound of EVs is subdued. They have almost zero in-cabin and propulsion noise. This can help significantly in reducing sound pollution.

Forget fuel price hikes

Fuel prices are increasing rapidly. Today, driving a car is becoming costlier than ever. This affects companies which have a large workforce of field employees. EVs can change this. The cost of running an EV is said to be only one-tenth of running a normal car. EVs run on electricity, available at most places like home and office. They help in cutting down dependence on expensive fossil fuels like petrol and diesel, allowing companies to sidestep higher running costs. 

This can be well leveraged by businesses as they don’t have to be tied down to the ever-fluctuating fuel prices. They don’t have to be tied down to the ever-fluctuating fuel prices. 

Some EVs give impressive mileage for the price. For example, Mahindra E Verito uses just a 21-kWh battery and gives 180 km on a single charge. It needs less than 4 hours to charge in normal house conditions. In a world that is inevitably running out of fossil fuels, EVs are a sustainable blessing. 

Pay less for maintenance

Earlier, maintaining an EV would cost a lot. Now with technological improvements, it has become less expensive. Sometimes, even lesser than ICE vehicles. 

EVs involve fewer parts in their functioning. With a lot of parts like the exhaust, fuel pump and fuel injector being excluded, EVs end up being significantly smaller and lighter. 

An obvious benefit is that the cost of upkeep of all of these parts is cut off. They don’t need frequent oil or fluid changes. The electric motors are more efficient, long-lasting and easy to maintain. They are quiet and don’t have tailpipe emissions. Overall, it leads to lesser maintenance hassles, lower costs and an enhanced driving experience. 

Also, EVs come with long battery warranties. Most EVs offer an 8-year warranty minimum. With the benefits of a long-term lease, this can be utilised to the fullest. 

Charge according to comfort 

Standing in line at the fuel station will soon be a thing of the past. EVs can be charged at the office, at home, or almost anywhere, according to your convenience.

The normal charging time is 8-9 hours. But many vehicles come with fast charging capabilities. Your EV can go from 0 to 100 percent charge in less than 4 hours. 

Businesses can leverage shorter charge times by setting up the required infrastructure early. This will help in cutting vehicle downtime significantly. 

Are EVs difficult to drive? 

Simply put, no. EVs are not quite like an automatic, where you let the transmission shift gears. EVs don't feature a gearbox at all! This is because they have an electric engine that doesn't run using motors. You simply get in, press start and drive away. 

Cars that feature regenerative braking systems work a bit differently. Every time you apply the brake, it charges the battery by a fraction. So, users can get the best out of EVs if they adopt EV-friendly driving practices. Worries such as range anxiety can also be kept at bay, by ensuring drivers understand and optimise their driving behaviour and charging plans to suit their EV. 

Make space for more

One thing people often forget to mention while talking of EVs is their storage capacity. No matter which car you lease, you’ll need space. 

On the outside, both EVs and a normal car look similar. But unlike an ICE car, all the major parts of an EV are packed into the base. All the vacant spaces are available for use. This gives you an abundance of space for both passengers and luggage, resulting in a very comfortable ride.

Avail incentives

Many state and central governments are offering various incentives to drive people to take up electric mobility. Tax cuts, incentives on setting up charging infrastructure and even lower registration costs, as compared to ICEs, are significant advantages worth exploring. A lease plan on an EV may aid in significantly reducing or doing away with upfront costs as well.

EVs are constantly evolving. As battery technology gets better, each EV is a step up from the last one. With car leasing, you can stay on top of your shift to electric mobility. Easy upgrades, hassle-free maintenance and repairs, and a whole host of cost benefits can help you make the most of your EV. 

For assistance with procuring best-in-class business vehicle leasing for corporates, fill out our contact form.