How Switching To An Electric Two-Wheeler Can Cut Costs And Carbon?

The transition from traditional fuel vehicles to electric two-wheelers is gaining momentum as an important step towards sustainable urban mobility.

With economic and environmental benefits that cannot be missed, electric two-wheelers are transforming the future of transportation.

In 2020, India witnessed a surge in Electric Vehicles sales by an extraordinary 168 percent, IBEF Report on EV Market quotes reflecting a sturdy growing market trend. This shift is backed by a combination of government incentives, operational cost-effectiveness, and environmental benefits.

On National Technology Day, Hari Kiran, Co-Founder and COO of eBikeGo, shed light on how switching to electric two-wheelers benefits both finances and the environment.

Economic Benefits and Government Incentives

Electric Two-Wheelers are becoming increasingly accessible with prices ranging from Rs. 50,000 to Rs. 1,50,000. Such price range combined with government subsidies under schemes like FAME-II, strengthens their affordability and makes them a feasible choice for a broad spectrum of consumers. The FAME-II scheme specifically offers considerable financial benefits to buyers, which can dramatically decrease the upfront costs of these vehicles.

The cost-effectiveness of E2Ws stands out as one of their most attractive attributes. Operating costs for these vehicles are about 50 percent cheaper than fuel-operated vehicles. This is major because of the lower costs of electricity in comparison to gasoline and the higher efficiency of electric engines.

In addition, the study by the International Council on Clean Transportation (ICCT) highlights that electric two-wheelers sustain significantly lower maintenance costs over their lifetime due to fewer moving parts and less wear and tear.

Environmental Impact

From an environmental perspective, the advantages of electric two-wheelers are equally compelling. E2Ws emit zero tailpipe emissions, which is very different and better in comparison to the pollutants released by the petrol two-wheelers. The ICCT notes that over the lifetime of an electric two-wheeler, the reduction in Carbon Dioxide emissions is equivalent to planting about 11 trees. This considerable decrease in carbon footprint is pivotal for cities struggling with air quality issues and for global efforts to fight climate change.

Total Cost of Ownership

When assessing the Total Cost of Ownership (TCO), electric two-wheelers present about 30 percent lower costs compared to their petrol counterparts. This estimation considers not only the purchase price and fuel costs but also maintenance expenses along with the longevity of the vehicle. Such savings make electric two-wheelers not just an ecologically sound choice but also a financially smart one.

Energy Efficiency

Motors in electric vehicles are fundamentally more efficient than internal combustion engines. A typical electric motor is almost 90 percent efficient at converting electrical energy into mechanical energy, compared to around 20-30 percent efficiency for most gasoline engines. This elevated efficiency

means that electric two-wheelers use less energy to travel the same distance, contributing to energy conservation and more efficient use of power resources.

Conclusion

The shift to electric two-wheelers offers twin benefits: it significantly reduces environmental impact and yields considerable cost savings. With the backing of government incentives, the assurance of reduced operating costs, less energy consumed, and profound environmental benefits, electric two-wheelers stand out as a captivating choice for consumers aiming to cut both costs and carbon emissions.

As more individuals adopt these sustainable vehicles with open hands, we edge closer to achieving broader environmental goals and promoting a green, efficient, and economically sensible urban mobility landscape.