Vehicle Details

Monthly Driving (km)

Petrol / Diesel (ICE)

On-Road Price (₹)

Mileage (km/L)

Fuel Price (₹/L)

Annual Maint. (₹)

Electric Vehicle (EV)

On-Road Price (₹)

Real Range (km)

Battery (kWh)

Elect. (₹/Unit)

Maint. (₹/Yr)

Ownership Duration (Years)

Estimated Total Savings

₹0

Calculating your return on investment...

Financial Dashboard

Break-Even Point

0 Months

At 0 km driven

Monthly Running Cost

₹0 Saved / Mo

Fuel vs Electricity

ICE Total Cost EV Total Cost

Total Cost of Ownership (Price + Running + Maintenance)

💡 Economic Insight

Comparing the 2026 automotive cycle...

Yearly Savings Projection

Year	ICE Cost	EV Cost	Net Savings

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TCO Simulation Logic

Total Cost = Purchase Price + (Running Cost × KM) + Maintenance

Running ICE: Monthly KM / Mileage × Fuel Price.

Running EV: (Battery Capacity / Range) × Electricity Price × Monthly KM.

Maintenance: Calculated as (Annual Maintenance Input / (Monthly KM * 12)) per kilometer.

EV vs Petrol: The 2026 Indian Landscape

With the introduction of the PM E-DRIVE Scheme in 2026, the Indian government has further narrowed the gap between Electric Vehicles and traditional internal combustion engines. While EVs carry a higher upfront sticker price, the massive savings in "fuel" costs and the significant reduction in maintenance make them a superior financial choice for high-mileage users.

Typically, if you drive more than 1,200 km per month, an EV will break even against a Petrol equivalent within 3-4 years. You can evaluate how these savings impact your overall portfolio with our Net Worth Calculator or plan your car loan with the EMI Calculator.

Frequently Asked Questions

What are PM E-DRIVE Scheme 2026 extension details?

The PM E-DRIVE scheme for 2026 continues to offer direct subsidies primarily for Electric 2-wheelers and 3-wheelers. For Passenger Cars, the primary benefit comes from the massive ₹2,000 Crore investment in public charging infrastructure and the continued exemption of road tax and registration fees in many Indian states like Tamil Nadu, Delhi, and Maharashtra.

What is the average EV battery life in India?

Modern EV batteries in India are typically warranted for 8 years or 1.6 Lakh km. Even after this period, batteries usually retain 70-80% health, making them viable for over 10-12 years of regular city usage before needing a second-life application.

EV Resale value vs Petrol savings?

While Petrol cars have a more established used car market, the operational savings of an EV (often exceeding ₹5 Lakhs over 5 years of moderate usage) usually far outweigh any higher depreciation costs, resulting in a lower net cost to the owner.