EV vs CNG : Electric or CNG car? Which car saves the most money over 15 years, big reveal from report
- Electric or CNG cars?
- Which car saves you the most money over 15 years?
- A big revelation from the report
Electric Vehicle vs CNG Car: In the past few months, the prices of petrol and diesel have skyrocketed in India. As a result car buyers are now under the illusion of EV or CNG. On the other hand buying a car is now not just about price or looks, but long-term costs, fuel costs and maintenance costs are also considered. This is why Electric vehicle The comparison between (EV) and CNG cars has been a hot topic. Considering the Total Cost of Ownership over a period of 15 years, the advantages and limitations of both the options become clear.
Who wins in terms of fuel costs?
If you buy a new car, an EV model will cost around Rs 2 to 3 lakh more than a CNG car. But the real fun starts when the car hits the road. Let’s say you drive 15,000 kilometers a year, then you will travel a total of 225,000 kilometers in 15 years.
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During this period, charging an EV at home costs approximately ₹1.5 per kilometer, which brings the total cost to ₹337,500 over 15 years. At ₹4 per kilometer for a CNG car, the total cost over 15 years comes to ₹900,000. This means that an EV directly saves you about ₹5.5 lakh in fuel costs, making electric cars more desirable.
This car requires high maintenance
After fuel consumption, the second major issue is maintenance. There is a significant difference between the two vehicles in this regard as well. A CNG car has the same engine, clutch and gearbox as conventional petrol cars. This necessitates changing the engine oil, cleaning the filter and re-testing the CNG kit after a certain period of time, which increases the cost. An electric car, on the other hand, doesn’t have a complicated engine or gearbox, just a motor and a battery. Without the hassle of oil changes, annual servicing of an EV is significantly cheaper than a CNG car.
This car is excellent in terms of resale value
Even though EVs save you millions of rupees in running costs and servicing, there is one aspect that can change the situation. An EV’s biggest expense is its lithium-ion battery. Companies usually offer a warranty of 8 years or 1.6 lakh kilometers. If you plan to keep the car for 15 years, you will have to replace its battery at least once in its lifetime, which costs Rs 2 to 4 lakh today. Moreover, in terms of resale value, used CNG cars sell easily and at good prices in the market, while the price of a used EV depends entirely on its battery condition.
One of the biggest advantages of EVs is lower running costs. As the cost of electricity is lower compared to petrol or CNG, the cost per kilometer is significantly lower. Also, since EVs do not have many mechanical parts like engine oil, clutch, gearbox, the maintenance cost is also relatively low. On the other hand, CNG cars have a lower initial cost than EVs. across the country CNG Many customers prefer CNG cars as the station network is also widely available. However, fluctuating fuel prices and the cost of regular servicing can add to long-term costs.
According to experts, EVs can be a more economical option for consumers who travel a lot every year and have charging facilities at home or office. So, CNG cars are still considered a strong option for those looking for high mileage and convenient fuel options with low initial investment. Hence, which option between EV and CNG is more beneficial depends on your usage patterns, annual commute, charging facilities and long-term financial planning.
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