Nexon EV price drop is Tempting ICE users to Switch Electric
H. Karan Kumar
Updated on Sept 19, 2023 | 6 min read
Electric vehicles (EVs) have recently gained significant attention as a sustainable and eco-friendly alternative to traditional internal combustion engine (ICE) vehicles. However, one significant barrier to widespread EV adoption has been the perception of high upfront costs. This perception is gradually changing, thanks to the recent price drop of the Tata Nexon EV and other electric vehicles. In this article, we will explore how the tempting price drop of the Nexon EV is enticing ICE users to make the switch to electric mobility.
Electric VS ICE car Price comparison:
Tata Nexon EV vs Nexon Petrol/Diesel:
- Nexon EV price – Rs 14.5 lakh (after price cut)
- Nexon Petrol price – Rs 14.2 lakh
- Nexon Diesel price – Rs 15.4 lakh
The Nexon EV is slightly more expensive than the petrol variant and cheaper than the diesel. But the running costs tell a completely different story:
- Annual running cost for Nexon EV (15,000 km) – Rs 15,000
- Annual running cost for Nexon Petrol (15,000 km) – Rs 1.2 lakhs
- Annual running cost for Nexon Diesel (15,000 km) – Rs 96,021
So, despite a marginally higher purchase price, the Nexon EV can save over Rs 80,000 per year in fuel costs compared to petrol and Rs 81,021 compared to diesel. The break-even period is less than 1 year.
While the ZS EV is slightly pricier than equivalent petrol/diesel SUVs, its running costs are again dramatically lower. And MG Motor has cut prices further with local manufacturing.
The Tempting Price Drop of Nexon EV
Significant Price Reductions
Tata Motors announced a substantial reduction in the prices of the electric versions of the Nexon SUV and Tiago small car. The Nexon EV received the most significant price cut, with up to Rs 1.2 lakh reduction in its price. The base model of the Tiago EV witnessed a price decrease of up to Rs 70,000. Tata Motors attributed these price reductions to the reduction in battery costs and passed on the benefits directly to customers.
Implications for ICE Users
The tempting price drop of the Nexon EV has caught the attention of ICE vehicle users who were previously hesitant to switch to electric mobility. The reduced upfront cost of the Nexon EV makes it more financially viable and enticing for potential buyers. This price drop has made the Nexon EV competitive with ICE vehicles and positioned it as a game-changer in the electric vehicle market.
The Economics of Electric Vehicles
Lower Total Cost of Ownership
While the initial purchase price of an electric vehicle may be higher than that of an ICE vehicle, the total cost of ownership over the vehicle’s lifetime often proves to be lower for EVs. Electric cars have fewer moving parts, lowering maintenance and repair costs. Additionally, the lower cost of electricity compared to gasoline or diesel contributes to reduced fuel expenses for EV owners.
Subsidies and Incentives
Governments worldwide offer subsidies, tax credits, and other incentives to incentivise further electric vehicle adoption. These financial benefits help offset the higher upfront cost of EVs and encourage consumers to switch. In India, the government has implemented schemes such as the Faster Adoption and Manufacturing of Electric Vehicles (FAME) program to promote the adoption of electric mobility.
Charging Infrastructure Development
The growth of electric vehicle charging infrastructure is another crucial factor in the economics of EV adoption. As the charging network expands, EV owners can access convenient and reliable charging options, reducing range anxiety and making electric vehicles more practical for everyday use. Governments and private entities are actively investing in developing charging infrastructure to support the increasing demand for electric cars.
The Future of Electric Mobility
Technological Advancements
The electric vehicle industry continuously evolves, with rapid advancements in battery technology, charging infrastructure, and vehicle efficiency. As technology improves, electric vehicle costs are expected to decrease further, making them even more affordable and appealing to consumers. Additionally, advancements in battery technology are leading to increased range, faster charging times, and improved overall performance of electric vehicles.
Market Competition
The price drop of the Nexon EV is not an isolated event but part of a broader trend in the electric vehicle market. Other automakers are also reducing the prices of their electric models, making electric mobility increasingly competitive with ICE vehicles. This market competition benefits consumers by providing them with more options at affordable prices, ultimately driving the adoption of electric vehicles.
Conclusion
The tempting price drop of the Nexon EV and other electric vehicles is revolutionising the automotive industry and enticing ICE vehicle users to switch to electric mobility. The reduced upfront cost, lower total cost of ownership, and the environmental benefits of electric vehicles are compelling reasons for consumers to embrace electric mobility. As the electric vehicle market evolves and technology advances, electric cars will become even more affordable, accessible, and appealing. The future of transportation is undoubtedly electric, and the Nexon EV price drop is a significant milestone in this transformative journey.
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Bounce Infinity E1 Price, Range, Specs, & Features – 2024
H. Karan Kumar
Updated on Sept 19, 2023 | 6 min read
Bounce Infinity at a glance:
The Bounce Infinity E1 electric scooter is a compelling choice for eco-conscious commuters seeking a blend of style, performance, and affordability. With its sleek design, impressive range, and a host of smart features, the E1 promises a delightful riding experience in the urban jungle.
At the heart of the E1 lies a robust 2 kW motor that delivers a spirited 55 kmph top speed, ensuring you easily navigate city streets. The scooter’s 2.5kWh Li-ion battery boasts a remarkable range of up to 100 km, keeping you on the move without range anxiety. Moreover, the E1 features regenerative braking, which intelligently converts braking energy back into battery power, extending your range further.
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Bounce infinity specifications:
Bounce Infinity Dimensions:
| Kerb weight | 94kg |
| Load Capacity | – |
| Seat height | 780mm |
| Wheel-base | 1260mm |
| Ground clearance | 155mm |
Bounce Infinity Dimensions:
Kerb weight | 94kg |
Load Capacity | – |
Seat height | 780mm |
Wheel-base | 1260mm |
Ground clearance | 155mm |
Bounce infinity features
- Drive Modes: Eco, Power and Turbo,
- Cruise Control
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- Combi Brake System
- 12 L boot space.
- Regenerative Braking system
Bounce Infinity price and warranty:
With a 100km range and 55km/h top speed, this scooter comes among the average segment electric scooters. The Bounce Infinity E1 is priced at ₹1,12,999/- ex-showroom, but you don’t need to pay all upfront.
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Bounce Infinity E1 Warranty:
Bounce Infinity comes with the best-in-class warranty for both vehicle and battery. Vehicle alone comes with 3 yrs/40000* Kms, whichever comes first. Battery alone comes with 3yrs/45000* Kms, whichever comes first.
Planning to set up a Charging station?
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How to book bounce infinity:
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