Benefits of switching to an electric two-wheeler
10 October, 2023
People are now parting ways with conventional petrol-powered two-wheelers for their electric counterparts. Electric vehicles offer numerous benefits.
In recent years, there has been a growing interest in electric vehicles (EVs) as a sustainable alternative to traditional petroleum-powered vehicles. It is important to understand the benefits of electric vehicles, especially if you are considering buying a two-wheeler shortly. Switching to an electric two-wheeler offers a range of advantages that cannot be neglected, whether it's the environment or your pocket.
Let’s explore the various benefits of switching to an electric two-wheeler, highlighting the potential for both personal financial gain and environmental sustainability.
Benefits of switching to an electric two-wheeler
Low running costs
EVs have a much higher energy efficiency when compared to traditional internal combustion engines. They require less energy to cover the same distance, thus resulting in lower running expenses.
The cost of charging an electric two-wheeler is typically a fraction of the cost of refueling a conventional petrol-powered vehicle.
Electricity prices are generally more stable and less prone to fluctuations when compared to fuel prices. By switching to an electric two-wheeler, you can enjoy greater predictability in terms of operating costs and save thousands of rupees each year in running and fuel expenses.
Subsidy on purchase
Wondering about the electric vehicle bike price?
The cost of purchasing an electric two-wheeler is comparable to that of petrol vehicles.
Purchasing an electric two-wheeler becomes even more pocket-friendly with the availability of governmental subsidies.
Most people buy two-wheelers using EV Loans and avail of the benefit of government subsidies that directly reduce their cost of purchase. HDFC Bank offers highly affordable EV Bike Loans, characterized by low-interest rates and efficient processing. You can also claim an electric vehicle tax exemption on interest paid on Electric Vehicle Loans. This can help you save significant money on taxes.
Reduced noise pollution
Electric two-wheelers are exceptionally quiet compared to their petroleum counterparts.
Conventional combustion engines produce significant noise pollution, particularly in urban areas where they are more in numbers.
The quiet operation of electric two-wheelers not only provides a more pleasant riding experience for you but also contributes to reducing noise pollution in cities.
This reduction in noise pollution can have a positive impact on the overall quality of life, both for riders and the localities they pass through.
Low pollution
One of the most critical benefits of owning electric vehicles is their positive impact on the environment.
Electric vehicles do not run on carbon fuels like petrol and, therefore, produce zero tailpipe emissions. This means that they do not release harmful pollutants such as carbon dioxide, nitrogen oxides and particulate matter into the air.
In contrast, conventional vehicles are a significant source of air pollution, contributing to global warming and respiratory health issues.
Switching to an electric two-wheeler allows you to actively contribute to reducing your carbon footprint and enhancing air quality in your surroundings.
Low insurance costs
Insurance costs are generally lower for electric two-wheelers compared to their fuel counterparts.
The lower maintenance costs of electric vehicles translate into fewer claims and lower overall insurance premiums.
As a result, owning an electric two-wheeler can provide you with savings on insurance costs, contributing to the long-term affordability of these vehicles.
Low maintenance costs
A significant benefit of owning an electric vehicle is that it has fewer moving parts when compared to conventional combustion engines. This results in reduced wear and tear and a lower likelihood of mechanical failures.
Electric vehicles do not require oil changes, spark plug replacements or transmission maintenance.
Overall, the maintenance costs of electric two-wheelers are significantly lower, resulting in long-term savings for you. This financial advantage is an essential consideration for individuals looking to reduce their transportation expenses.
Easy charging
Charging an electric two-wheeler is a convenient and straightforward process. With the growing infrastructure of public charging stations, you can easily find places to charge your vehicle while on the go.
Many electric two-wheelers come with removable batteries, allowing you to charge them at home or work using a regular power outlet.
The ease and accessibility of charging make electric two-wheelers a practical option for daily commuting and longer trips.
Longer lifespan
The simplicity of electric engines and fewer moving parts result in less wear and tear, leading to increased durability and reliability.
With proper maintenance and care, an electric two-wheeler can last longer, providing extended value to you.
This longer lifespan also contributes to sustainability by reducing the number of vehicles that need to be manufactured, thus minimizing the environmental impact of the transportation sector.
What should you do?
Switching to an electric two-wheeler offers a range of benefits, including financial savings and environmental sustainability. The low running costs, reduced noise pollution, low emissions and low maintenance requirements make electric two-wheelers an attractive option if you are looking to reduce your transportation expenses and minimise your carbon footprint.
Government subsidies and low-interest EV Bike Loans from financers like HDFC Bank make it a pocket-friendly option over conventional petrol-powered two-wheelers. You can claim an electric vehicle tax exemption by claiming a deduction of loan interest from your income.
With the advancement of charging infrastructure and improvements in battery technology, the feasibility and convenience of owning electric two-wheelers are steadily increasing.
By embracing electric mobility, you can contribute to a cleaner and more sustainable future while enjoying the personal benefits of electric vehicles. Buy your EV bike now using HDFC Bank EV Bike Loans.
*Terms and conditions apply. The information provided in this article is generic in nature and for informational purposes only. It is not a substitute for specific advice in your own circumstances.