5 benefits of buying an electric car

While gasoline and diesel vehicles use internal combustion engines, electric vehicles run entirely or partially on electric power stored in batteries (ICE).

EVs' monthly operating costs are significantly lower than those of gasoline or diesel vehicles because they use energy to charge their batteries.

The power tariff may vary depending on the state, but it will always be less expensive than gasoline or diesel.

Because of how electric cars are constructed, maintenance and repair costs will be reduced.

The absence of carbon emissions and decrease in air pollution influence many consumers.

The efficiency of EV batteries is higher than that of gasoline-powered vehicles, which only convert 17–21% of their energy into movement.

For interest paid on loans taken to purchase EVs, Section 80EEB permits a deduction of Rs. 1.5 lakh starting with the assessment year 2020–21.

The loan can only be approved for individual taxpayers or people who are running their own businesses, and it must be approved between April 1, 2019, and March 31, 2023.