Electric Vehicle maintenance is more affordable, simpler compared to Alternate / Fossil Fuel
Electric vehicles (EVs) have become increasingly popular in recent years due to their environmental benefits, efficiency, and affordability. Among EVs, 3-wheeler cargos are gaining popularity as they provide affordable and eco-friendly last mile transportation solutions for small-scale businesses. Compared to alternate fuel or CNG, diesel and petrol run vehicles, the maintenance of Electric three wheeler cargo vehicle is simpler and more affordable.
The electric 3-wheeler cargos have fewer moving parts than fossil fuel vehicles. With a simple design consisting of an electric motor, battery, and controller, they require minimal maintenance. There are no complex engines, transmissions, or exhaust systems, which reduces the overall maintenance cost of the vehicle.
Affordability :
*Low-cost fuel:
Electric cargo vehicles have longer-lasting batteries and do not need continuous refueling. The cost of electricity to charge the battery is generally lower than the cost of traditional fossil fuels such as gasoline and diesel. This makes electric vehicles (EVs) more cost-effective to operate, as they require less energy to travel the same distance as fossil fuel vehicles. For instance, a kilometre on an Altigreen EV costs ₹ 0.92. A kilometre on a diesel 3-wheeler costs ₹ 4.40 and ₹ 3.20 on a CNG vehicle. Which means the owner gets a lifetime savings of up to ₹ 10L.
Also, Adoption of EVs can reduce as much as 54% of your logistics cost, making three wheeler EV cargos a very affordable option for last mile businesses.
*Financing schemes:
Electric three wheeler can be purchased through financing schemes, which provide customers with a range of benefits such as flexibility, affordability, and access to additional services. With options such as leasing or installment payments, customers can spread the cost over a period, take advantage of tax benefits, and even upgrade to the latest technology. Financing schemes also include maintenance and repair services, which can help reduce overall expenses. EV’s like the Altigreen neEV, provide various financing schemes for its buyers – like the Mudra loan, term loan options, battery subscription and leasing.
*Govt Subsidies:
The Indian government provides subsidies on electric vehicles (EVs) as a part of its efforts to promote clean and sustainable transportation. The incentives are provided through the Faster Adoption and Manufacturing of Electric Vehicles (FAME) scheme, which was launched in 2015 and extended until 2024. In addition, some state governments also offer their own incentives and subsidies for EVs.
Low-cost Maintenance:
*Long battery life: Electric cargo vehicles are equipped with long-lasting batteries that do not require constant refueling. The Lithium-ion batteries, which are commonly used in EVs, can last for years without any upgrades or maintenance. Altigreen neEV, for example, has a lithium-ion battery that has a life of up to 3 years or 100,000 kms. Thus, a major overhaul is needed only once in 3 yrs, unlike the CNG / diesel vehicles which require servicing, repairs and part replacements on a regular basis. The Electric cargo vehicle have regenerative braking systems, which help to extend the battery life. When the driver applies the brakes, the regenerative braking system converts the kinetic energy of the vehicle into electrical energy and stores it in the battery. This process not only reduces the wear and tear on the brakes but also charges the battery.
*Lesser moving parts:
In comparison to CNG or diesel fueled cargos, the electric three wheeler cargo are easier to maintain, service and repair as they have lesser no of vehicular components. Apart from charging the battery there are no requirements of changing oil, filter etc.
Moreover, EV manufacturers, like the Altigreen, offer a comprehensive warranty on their products, which covers the cost of repairs and replacement parts. The Electric three wheeler cargo are designed for easy access to components, making it easier to diagnose and repair any issues.
Conclusion: Electric three wheeler cargo are affordable and simple to maintain compared to alternate/ fossil fuel vehicles. They have fewer moving parts, longer-lasting batteries, regenerative braking systems, and are easier to service and repair.
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