Latest Update: PMV Electric has launched the EaS-E electric vehicle in India and has garnered close to 6,000 bookings globally. Price: It has a starting price of Rs 4. The cheapest used EVs with over 200 miles of range are the Chevy Bolt and Nissan Leaf, often available locally for around $20,000 or less. If you’re looking for an EV with even more range, the Tesla Model 3 is the best value option.The cheapest electric car in india currently is the vayve mobility eva, with a starting ex-showroom price of around ₹3. It is a compact city ev with a range of 125–250 km, making it ideal for short urban commutes.
What happens to electric cars after 5 years?
A 2022 study by Geotab found that most EV batteries degrade at a rate of only 2. That means after 5 years, your battery will still hold over 88% of its original range. Factors that affect battery longevity include: Fast charging too frequently (like using DC fast charging daily) The out-of-pocket cost to replace an electric car battery varies significantly based on different factors, like your vehicle make and model, and whether the EV battery is still under warranty. In general, the price to replace an EV battery no longer under warranty can run anywhere from $5,000 to about $20,000.Modern electric vehicles can retain 80-90% of their original battery capacity after 8-10 years or 100,000+ miles, with the average battery capacity loss at only 2. EV powertrains contain as few as 20 moving parts compared to 2,000+ in petrol engines, resulting in 40% less maintenance over their lifetime.It varies by model, but in general EVs depreciate by 13% more over a five-year period than the overall market, and some plummet in value even more rapidly, according to iSeeCars, which tracks the used car market.The bigger the battery the higher the cost, with a general rule of thumb stating a current figure of around £120 per kWh of battery, meaning a 75 kWh battery could cost around £9,000 to replace.The price ranges from $6,500 to $20,000. While that might seem like a significant amount, remember that EV battery replacement is not a routine part of maintenance, and what’s more, our service and parts specials may help you save.
Is it worth buying a used EV?
With savings on the purchase price, low running costs, and advancing battery technology, used EVs are excellent value for money. Provided you do your research and ensure the vehicle’s battery is in good health, buying a used EV is a smart and eco-friendly choice. Benefits of Buying a Used EV EVs as a whole are much cheaper to maintain and have lower running costs because they don’t need oil changes and have fewer moving parts. EVs are cheaper to run than their petrol or diesel powered equivalents – especially if you charge overnight with an EV specific energy tariff.Lower running costs Historically, battery electric vehicles have been cheaper to charge than petrol or diesel cars (those with combustion engines). Or, at the very least, matched. So, financially, electric cars are worth buying – purely for the savings.
Are EV owners happy?
Electric vehicle (EV) owners are happier with their cars this year than they were last year, according to a new study from J. D. Power. EV owner satisfaction declined in 2024 but has rebounded in 2025. The news comes as EV sales continue to climb. Why Is Leasing an EV a No-Brainer? Leasing an EV offers lower upfront costs, affordable monthly payments, and flexibility to upgrade to newer models as technology advances.Our members report problems with electric drive motors, charging, and batteries. This is largely because it often takes a few years to work out bugs in new technology, and also because many EVs are luxury, tech-laden cars with more features that can go wrong, Knizek says.Electric cars are still a bit more expensive to buy than an internal combustion engine vehicle, but overall they require much less maintenance and cost less to service and maintain as a result.
Which EV car is best value for money?
The best Electric cars under 10 Lakh in India are Tata Tiago EV at Rs. Lakh, MG Comet EV at Rs. Lakh and Tata Punch EV at Rs. Lakh. Q. Which EV has 700 km range in India? Ans: Models offering approximately 700 km range include Mercedes-Benz EQS (around 857 km), Xiaomi SU7 (approx. Kia EV6 (about 708 km).
What is the lifespan of an EV car?
EV batteries now last as long as, or longer than, ICE vehicles. Recent studies show modern EVs can reach lifespans of 15–20 years, often matching or exceeding the average ICE vehicle lifespan of about 12–15 years. Electric car batteries typically last 10–20 years, depending on climate, driving habits, and charging practices. Most automakers guarantee at least 70% capacity for 8–10 years or 100,000 miles under warranty (opens in a new tab) . California extends that warranty to 10 years or 150,000 miles.