What Makes Electric Three-wheeler a Better Option?

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By Priya SinghUpdated On: 06-May-2023 07:01 AM

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ByPriya Singh |Updated On: 06-May-2023 07:01 AM

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When it comes to purchasing a new vehicle, EVs may be a fantastic alternative because they provide several benefits. Here are the most compelling reasons to acquire a commercial electric vehicle. In this post, we will look at the advantages of the electric three-wheeler.

The auto rickshaw is a compact three-wheeled vehicle that commonly races through the streets of Asian towns. It transports small amounts of cargo and passengers from one location to another and is also known as a motorized rickshaw. Certain advantages of the auto-rickshaw contributed to its popularity in the developing world, but safety and environmental concerns have reduced its attractiveness.

Overview of the Electric Three-Wheeler Market

While mobility is essential in today's environment, the internal-combustion engine is gradually becoming outdated. Vehicles powered by gas or diesel create considerable levels of pollution, which is why they are being phased out in favour of all-electric vehicles. Fully electric vehicles (EVs) emit no exhaust emissions and are therefore significantly better for the environment.

Electric three-wheelers, notably e-rickshaws, have grown in popularity in India during the last several years. Because of the broad popularity of three-wheeled vehicles, this market category is widely seen as low-hanging fruit for the adoption of electric vehicles. Three-wheelers are marketed as a low-cost mode of intermediate public transit for short to medium distances.

When it comes to purchasing a new vehicle, EVs may be a fantastic alternative because they provide several benefits. Here are the most compelling reasons to acquire a commercial electric vehicle.

Here's a basic comparison of electric three-wheelers vs internal combustion engine (ICE) three-wheelers to help you decide which to buy and why.

Initial Cost

Because the vehicle is for business, every penny you spend must be justified and provide value to your company. The purchase of the automobile is the first upfront investment required. Please keep in mind that the cost of an electric vehicle and an ICE vehicle is nearly the same. Both automobiles will set you back roughly 4 lakh rupees. As a result, there is no cost difference between electric three-wheelers and gas automobiles.

Running Costs

Now that you own the rickshaw, it is time to put it to work for your company. The operating costs of an electric vehicle and an ICE vehicle are vastly different. An ICE vehicle's fuel (Patrol/Diesel/Gasoline) is significantly more expensive than electric units.

For example, consider driving a vehicle for three years. An ICE 3-wheeler that travels 70-80 km per day for 20 days per month will cost you roughly 3,60,000 (assuming the cost of petrol/diesel is 100/L).

However, if you choose an electric vehicle, the fuel cost will be roughly 36,000 over the course of three years. Many people are surprised to learn that the cost of running an EV is only Rs 1 per km.

Also Read: Top 5 things to Think About Before Purchasing an Electric Three-Wheeler in India

Maintenance Cost

A diesel or gasoline engine is more complex and contains more moving parts. EVs, on the other hand, have a simpler engine driven by a battery and motor, which considerably reduces maintenance costs.

The parts to be concerned with are the brakes, steering, suspension, electric motor, and battery. Three years of maintenance on an ICE vehicle will cost you about 30,000, however, three years of regular maintenance on an EV will cost you only $3000. EVs offer low operating costs and good mileage.

Value at Resale

Many freight truck buyers are also concerned about resale value. Owners frequently have difficulty selling the vehicle due to its regular use for hefty loads.

The Benefits of Three-Wheeler Electric Vehicles

Three-wheeled electric vehicles (EVs) are gaining popularity because they have several advantages over typical ICE vehicles. Because they are highly efficient, eco-friendly, and economical, these vehicles are ideal for short-distance commuting, city driving, and other light-duty applications. In this post, we will look at the advantages of the electric three-wheeler.

EVs are Quiet and Smooth: A three-wheeled electric vehicle is simple and easy to manoeuvre. EVs' high torque is even more startling. When you press the accelerator, all of the power is instantaneously transferred to the wheels, resulting in an exhilarating ride.

Eco-friendly: An electric three-wheeler emits no harmful pollutants. Electric mobility has the potential to drastically reduce urban air pollution. As a result, electric vehicles have the potential to minimize traffic noise.

Also Read:Top 5 Mahindra three-wheelers available in India

Budget-Friendly: The price of electric three-wheelers (EVs) has dropped dramatically since their launch. Furthermore, the cost of service, upkeep, and maintenance has decreased significantly. Electric vehicles are comparatively inexpensive since electricity is less expensive than fuel.

Easy to Maintain: Compared to traditional cars, EVs require little maintenance. Typically, batteries and motors do not require routine maintenance. Furthermore, using fewer fluids would demand far less regular maintenance.

Simple Home Charging: We won't have to worry about finding a gas station in the immediate vicinity. To charge an electric three-wheeler at home, a simple household charger is all that is required. After overnight charging, you can enjoy a pleasant ride in the morning.

EVs have lower fuel costs because electricity is less expensive in India than petrol and diesel. The battery can be fully charged with 1.5 to 2 units of power. Despite fluctuations in diesel costs, the cost of electricity remains relatively stable throughout time.

Conclusion

With its zero-emission promise, the electric vehicle (EV) is the mobility of the future. Given the number of automakers committing to the Indian market, we can fairly assume that electric three-wheelers will soon rule Indian roadways.

Electric vehicle manufacturers and the government would have to go above and beyond to persuade consumers to convert from traditional modes of transportation to EVs.

Innovative and integrated solutions have taken precedence in the adoption of an electric three-wheeler. We believe that electric cars (EVs) should be available to everyone, and we're working hard to make that a reality by launching products that are both safe and smart.

According to the analysis above, purchasing a commercial electric vehicle is the best option for business. This option improves when purchased through cmv360, which provides a diverse selection of vehicles, and competitive financing.

Visit cmv360 to learn more about commercial vehicles and the finest buying alternatives.