What Is The Real Cost Of Owning an EV?

What Is The Real Cost Of Owning an EV?

Like an IC engine automobile where the engine and the driveline make up the key aggregates, in EVs the key aggregates are the battery and the motor. While an IC engine may account for 23 to 30 percent of the total cost and the driveline component such as a gearbox, propeller shaft, transaxle or a differential may together cost another 15 to 20 percent of the total vehicle cost, in the case of an EV, it may not be that simple. 

It is therefore necessary to find out about the battery and motor replacement cost before buying an EV. A young Canadian owner – Kyle Hsu – of Hyundai Ioniq 5 was thrown out of his seat almost when he found out that the warranty was void on the battery pack of his one-year-old electric vehicle and it would cost him a little over $ 60,000 to replace it! The car was bought in 2022 for $ 56,000. 

Hsu was driving to the interior of British Columbia, according to the YouTube channel Motormouth which has highlighted the development, when he avoided something on the road. On the cautionary side, he dropped at the dealer to get the car checked after he returned from the trip. 

The battery cover underneath the e-car was founded to have been scratched. The dealer conveyed that the battery behind the cover had been impacted and should be replaced since it may explode. It was not repairable. 

Hsu took the help of the insurance company once he was told that it would cost over $ 60,000 to replace the battery. The insurance company told him that his vehicle IDV was less than the cost of replacing the battery. If he were to choose to replace the battery, the insurance costs were likely to go up by 50 percent despite his clean driving record. 

Responding to Motormouth, the Hyundai Canada PR Manager Jennifer Mcarthy is known to have said that it amounts to a very rare situation and Hyundai Canada’s customer experience team should have had the opportunity to access the situation prior to sharing of costing. 

The cost of battery replacement depends on the nature of the damage, type of battery and repairs required. There is no one set price for ever replacement while battery cost is a challenge for the business. Pricing strategy for batteries that is reasonable, fair and in line with market competitiveness is being worked on, Mcarthy is known to have expressed further.

In his column in The Guardian newspaper recently, actor and automobile enthusiast Rowan Atkinson stated that he loves electric vehicles and was an early adopter. He however felt increasingly duped. 

An electrical and electronic engineer by education, Atkinson is of the opinion that electric motoring does not seem to be quite the environmental panacea it is claimed to be. 

Stating that electric cars have zero exhaust emissions, which is a welcome development, particularly in respect of the air quality in city centres, Atkinson said in his column, if you zoom out a bit and look at a bigger picture that includes the car’s manufacture, the situation is very different. “The problem lies with the lithium-ion batteries fitted currently to nearly all electric vehicles: They’re absurdly heavy, huge amounts of energy are required to make them and they are estimated to last only upwards of 10 years,” he averred. 

Drawing attention to solid-state battery development, Atkinson expressed that if hydrogen wins the race to power trucks and as a result every filling station stocks it, it could be popular and accessible choice for cars. 

Till then, keeping the old petrol vehicle may be better than buying an EV since it costs far less to make and can last for 30 years with tender loving care. 

If the majority of the first owners would retain their vehicles for over five years, it would result in an amount of CO2 reduction brought about by new cars being put on the road. The entire chain of raw material selection to manufacture, to the end of the road has its share of carbon emissions. 

Though it may be better to reduce our reliance of IC engine vehicles, it would be worth considering that the existing vehicles have already paid their environmental dues – cost to the environment – during their manufacturing process. A lot of technological development has also made them far less polluting and reliable than they were a few years or decades ago. 

Also, the possibility of writing off a one-year-old EV because its battery replacement cost exceeds the vehicle purchase cost is countered by the engine, gearbox or a body part being repairable in case of an IC engine vehicle.

Many of you would also remember the head honchos of some auto companies in India saying that BS VI emission compliant vehicles will only emit water through the tailpipe and will be cleaner than the ambient air. 

The time is ripe to understand what is ‘actually’ environment friendly, an EV or an IC vehicle. The time is right to test and analyse if it the automobiles that are causing more pollution in Indian cities or there are other sources. An air filled with so much dust does not seem like the handiwork of automobiles rather than the gigantic civil projects that being worked on. 

Avore Electric Launches EX Electric Motorcycle Series Starting At INR 124,999

Avore Electric

Ahmedabad-based electric two-wheeler brand Avore Electric launched its first electric motorcycle – the Avore Electric EX at prices starting at INR 124,999 (ex-showroom).

The e-motorcycle is available in three variants – the EX 2S, EX 2 and EX 1. The model range was developed over three years using the company's indigenous AVORE Source technology stack and AVR vehicle platform. The development process involved over 120 intellectual property filings across nine vehicle systems, including the battery management system, motor controller, onboard charger and operating system.

The EVs use a rare-earth-free Permanent Magnet Synchronous Motor (PMSM) with peak power output ranging between 7.5 kW and 10.5 kW depending on the variant, while all three models produce 250 Nm of peak wheel torque.

The EX 2S attains a claimed top speed of 114 kmph, whereas the EX 2 and EX 1 reach top speeds of 100 kmph. The powertrain utilises an integrated motor and swingarm structure to manage chassis balance and weight distribution.

The EX 2S and EX 2 carry IDC-certified range ratings of 260 km and 255 km respectively, while the EX 1 carries an IDC-certified range rating of 160 km. All variants include a 1500W onboard charger compatible with standard 5A and 15A domestic sockets, charging the battery from 20 per cent to 80 percent in two hours and reaching a full charge in a claimed four hours. The battery pack is homologated by NATRAX, and the battery management system is validated by ICAT.

Software systems integrated into the platform include the AVORE SENSE operating system, an artificial intelligence (AI) companion named Avore Synapse and an automatic manual gear mode. The platform complies with AIS 156 and AIS 038 safety standards and underwent 100,000 km of road testing alongside 2,500 hours of dynamometer testing prior to commercial introduction.

Priyank Rakholiya, Founder, Avore Electric, said, "We dedicated three years to research, development, testing, and validation before the launch of the EX so as to ensure class-leading engineering and innovation. We are ensuring global-levels of safety and performance, while pushing the frontiers of Indian-developed electric mobility technology stacks that deliver reliability, consistency, and economic viability. Our goal is to improve adoption and accessibility to world-class electric mobility solutions for every Indian and we are confident that the EX is just the start of our journey towards that direction."

Bookings for the EX series have opened on the manufacturer's website at an initial reservation amount of INR 799, with customer deliveries scheduled to begin in two months. The battery pack is supplied with a 5-year or 60,000 km warranty.

Energy In Motion Partners HPCL To Deploy EV Charging And Battery Swapping Infrastructure

Ashwa e-tractor

Energy In Motion, a provider of integrated electric mobility solutions for long-haul freight transportation, has executed an agreement with Hindustan Petroleum Corporation to establish and operate charging and battery swapping infrastructure for heavy commercial vehicles at retail outlets across India.

As per the understanding, Energy In Motion will deploy swap-and-charge hubs on freight corridors including Mumbai–Pune, Delhi–Jaipur and Chennai–Bangalore over the next 18 to 24 months. These stations will support vehicles such as the Ashwa 55-tonne e-tractor, providing battery exchange capability in 7 minutes.

Energy In Motion manages battery inventory and hardware, while Hindustan Petroleum Corporation provides space and utilities across its network of over 25,000 retail outlets.

Narendra Murkumbi, Managing Director, Energy In Motion, said, “Charging infrastructure succeeds or fails on reliability. Working with HPCL allows us to place charging and swapping where drivers already stop – sites with power, space, amenities, safety systems and staff on duty. Combining our battery and fleet expertise with HPCL’s nationwide retail network lets us build dependable swap-and-charge hubs on the corridors that carry India’s freight and to do it at the pace the transition demands.”

Vida - Nepal

Hero MotoCorp's electric mobility brand, VIDA, has made its international market entry into Nepal through a partnership with CG Motors.

The launch was announced by Kausalya Nandakumar, Chief Business Officer, Emerging Mobility Business Unit, Hero MotoCorp and Nirvana Chaudhary, Managing Director, Chaudhary Group.

The introduction features the VIDA VX2 Evooter range – comprising the VX2 Plus and VX2 Go variants – alongside the VIDA DIRT.E K3 youth off-roader. The VX2 Plus features a 4.4 kWh setup, delivering a 140 km range and a top speed of 90 kmph, while the VX2 Go uses a 2.2 kWh battery with a 75 km range. The DIRT.E K3 is an electric off-roader equipped with a 350W motor and app-based parental controls.

Kausalya Nandakumar said, “This launch marks a proud and defining moment as VIDA goes global. We are thrilled to take the very best of our engineering and design capabilities beyond India, starting with Nepal, a strategically crucial market where riders are quickly adopting smart electric mobility. The VIDA VX2 EVOOTER range and the VIDA DIRT.E K3 are built to redefine the future of mobility, and through our collaboration with CG Motors, we are ensuring that the Nepalese customers have access to premium, reliable, and technologically advanced riding experience.”

Nirvana Chaudhary added, “The entry of VIDA perfectly aligns with Nepal's shift towards sustainable mobility. By offering advanced electric products & solutions tailored for both, everyday commuters and the next generation of riders, this product launch redefines our two-wheeler landscape. CG Motors is proud to strengthen its partnership with Hero MotoCorp and partner with VIDA to drive our nation's green transition forward."

EKA Mobility

Pune-headquartered electric commercial vehicle manufacturer EKA Mobility has announced that Dr. Hussein Ali Mwinyi, President of Zanzibar, recently flagged off 15 EKA Mobility electric buses in Zanzibar. The commercial operations for the e-buses is scheduled to begin on 1 August 2026.

The deployment forms part of an initial order of 35 e-buses, with the fleet expected to expand to 150 units by the end of the year.

EKA Mobility is collaborating with Global Rapid Transport and the Zanzibar Social Security Fund to train local personnel in vehicle operations, maintenance and safety systems.

Vijay Yelne, President – Export Marketing & SCM, EKA Mobility, said, "The launch of Zanzibar's first electric bus fleet is a strong validation of EKA's technology and our ability to deliver world-class electric mobility solutions beyond India. It demonstrates that products designed and manufactured in India can successfully meet the evolving mobility needs of international markets. This is another step in taking Indian engineering to the world, and we see Africa as a key growth market in EKA's global expansion journey."