Buying Electric Cars: Why Common Consumers Should Consider Waiting for the Right Moment

In recent years, electric cars have emerged as a promising alternative to traditional gasoline-powered vehicles, promising cleaner and more sustainable transportation. While the environmental benefits, advancements and global future in electric vehicle (EV) technology are undeniable, the question arises: Is now the right time for the common consumer to make the switch to electric? This article explores the compelling reasons why common individuals might want to consider waiting for the opportune moment before embracing electric cars fully. We’ll delve into various aspects, from purchase costs to charging infrastructure, to paint a comprehensive picture of the current EV landscape and why patience might be a prudent choice for many for buying electric car.

In this insightful article, we embark on a journey through the fascinating world of price dynamics, shining a spotlight on the intriguing choice between electric and petrol versions of the beloved Tata Tiago cars. Through real-world examples and careful analysis, we’ll unravel the complexities of these decisions, helping you navigate the path to informed choices in the ever-evolving automotive landscape.

The Tata Tiago electric car stands out as one of the most affordable electric vehicles available in India today. With its competitive pricing and a focus on affordability, Tata Motors has made electric mobility more accessible to a wider range of consumers in the country. The Tiago electric car not only offers the environmental benefits of zero emissions but also provides a cost-effective solution for Indian drivers looking to make the transition to electric vehicles without breaking the bank. Its affordability, coupled with the reliability and brand reputation of Tata Motors, positions the Tiago electric car as an attractive choice for those seeking an economical and sustainable mode of transportation in India’s evolving automotive landscape.

With a range of options to suit your needs and budget, the Tiago EV offers an impressive lineup:

1. Tiago EV XE Medium Range: Priced at just Rs. 9.19 Lakh, this variant boasts a 19.2 kWh battery, delivering a range of 250 km on a single charge. Experience the future of mobility without breaking the bank.
2. Tiago EV XT Medium Range: For those seeking a bit more luxury, the Tiago EV XT Medium Range is available at Rs. 9.82 Lakh. With the same 19.2 kWh battery and 250 km range, it combines affordability with style.
3. Tiago EV XT Long Range: Enjoy extended journeys with the Tiago EV XT Long Range, equipped with a 24 kWh battery and a remarkable 315 km range, all for just Rs. 10.90 Lakh.
4. Tiago EV XZ Plus Long Range: Elevate your driving experience with the Tiago EV XZ Plus Long Range, offering the same impressive 24 kWh battery and 315 km range at an attractive price of Rs. 11.74 Lakh.
5. Tiago EV XZ Plus Tech LUX Long Range: Indulge in luxury and advanced technology with this variant, priced at Rs. 12.26 Lakh. It provides the same long-range capabilities with added tech features.
6. Tiago EV XZ Plus Long Range Fast Charger: Get back on the road in no time with the fast-charging option, still maintaining a 315 km range, all for Rs. 12.26 Lakh.
7. Tiago EV XZ Plus Tech LUX Long Range Fast Charger: For the ultimate electric driving experience, the Tiago EV XZ Plus Tech LUX Long Range Fast Charger is available at Rs. 12.78 Lakh, combining long-range capabilities with advanced tech and fast-charging convenience.

The above price are on road prices and includes insurance, RTO fees etc.

The  main features and specifications of the Tata Tiago EV, a car that blends innovation and affordability seamlessly:

Price: Starting at just Rs. 9.19 Lakh, the Tiago EV is your gateway to eco-friendly driving without breaking the bank.

Fuel Type: Embrace the electric revolution with the Tiago EV, powered solely by electricity, making your journeys not only economical but also environmentally conscious.

Driving Range: Experience the freedom to roam with a driving range spanning from an impressive 250 km to an astounding 315 km on a single charge, ensuring you’re always ready for your next adventure.

Safety: The Tiago EV boasts a commendable 4-star safety rating from Global NCAP, providing you and your passengers with peace of mind on every drive.

Transmission: Enjoy the ease of automatic transmission, making your daily commute and long trips a breeze.

Seating Capacity: Accommodate your family and friends comfortably with a spacious 5-seater configuration, ensuring no one gets left behind.

Battery Capacity: With battery options ranging from 19.2 kWh to 24 kWh, you can choose the power that suits your needs, whether it’s for city cruising or extended road trip

In a real-world comparison between the petrol and electric versions of the Tata Tiago, we uncover some intriguing insights. The base model of the Tiago EV XE Medium Range with a 19.2 kWh battery, when charged in Delhi at an average rate of Rs. 6.00 per unit, costs Rs. 115.20 to fully charge. With a range of 250 km on a full charge, the mileage cost comes to a mere Rs. 2.17 per km.

On the other hand, the Tata Tiago XE (Petrol), the base model, with a 35-litre fuel tank, costs Rs. 3,395 to fill up the tank at the current price of petrol in Delhi (Rs. 97 per litre). With a fuel efficiency of 19 km per litre, this petrol variant achieves a mileage cost of Rs. 5.10 per km.

Now, let’s consider a case study conducted by UNEP Risø Centre on Energy, Climate, and Sustainable Development at the Technical University of Denmark, which states that the average car usage in Delhi is approximately 12,100 km per year. We’ll compare the total variable costs of both electric and petrol versions of the Tata Tiago over a span of 5 years:

Tiago EV XE Medium Range : Total Cost over 5 years: Rs. 12,09,285

Cost (Estimated)	1st Year	2nd Year	3rd Year	4th Year	5th Year	Total Exp in 5 years
Insurance cost	Included in cost	38000	34000	30000	26000	128000
Maintenance cost	2500	4000	6000	8500	10000	31000
Charging cost	26257	26257	26257	26257	26257	131285
Total Cost	28757	68257	66257	64757	62257	290285
Initial purchase price						919000
Total Cost over 5 years						1209285

Tata Tiago XE (Petrol) Total Cost over 5 years: Rs. 10,66,550

Cost	1st Year	2nd Year	3rd Year	4th Year	5th Year	Total Exp in 5 years
Insurance cost	Included in cost	26000	22000	19000	16000	83000
Maintenance cost	6000	8000	11000	14000	16000	55000
Fuel cost	61710	61710	61710	61710	61710	308550
Total Cost	67710	95710	94710	94710	93710	446550
Initial purchase price						620000
Total Cost over 5 years						1066550

Surprisingly, in the current scenario, the total cost of owning an electric vehicle over 5 years is higher compared to its petrol counterpart. Although the annual cost of running an electric vehicle is lower, the major concern lies in the long-term. Electric vehicles have a lifespan estimated between 100,000 to 200,000 km. Over time, the efficiency of the battery decreases, and the cost of replacement is significantly high, approximately 50% of the vehicle’s cost. Therefore, for the common consumer, it might be prudent to wait until electric vehicle prices further decline, battery performance improves, and costs become more favorable in the long run. The decision to go electric should be carefully considered based on individual needs and circumstances.