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Mint
21 hours ago
- Automotive
- Mint
EV vs Petrol: Electric vehicles prove cheaper to run in India, says CEEW study
As India's vehicle population is set to more than double by 2050, a new study by the Council on Energy, Environment and Water (CEEW) has highlighted a significant shift in cost competitiveness between electric and petrol vehicles. The research shows that electric vehicles (EVs), particularly in the two- and three-wheeler categories, now offer a markedly lower total cost of ownership (TCO) compared to their petrol counterparts, a trend that could redefine the future of personal and commercial mobility in the country. According to the CEEW, electric two-wheelers are already the most economical option on Indian roads, costing just ₹ 1.48 per kilometre to operate, compared to ₹ 2.46 for petrol-powered versions. The advantage is even starker in the three-wheeler segment, where EVs cost ₹ 1.28/km versus ₹ 3.21/km for petrol-driven models. Commercial taxis, where operating costs heavily influence purchasing decisions, also stand to benefit significantly from the EV transition. 'Electric two- and three-wheelers are not just greener, but cheaper to run than petrol models. These segments are ripe for rapid electrification,' said Hemant Mallya, Fellow at CEEW. 'Cost advantages, especially in daily-use scenarios, will likely drive adoption faster in states that offer supportive policies.' The report attributes the shift in TCO dynamics to a combination of declining battery costs, supportive state-level incentives, and improved charging infrastructure. However, the cost competitiveness for private electric cars remains mixed across regions. Variations in state subsidies, electricity tariffs, and initial vehicle prices continue to affect affordability, the study notes. Despite the strong performance of EVs in the lighter vehicle categories, the report finds that electrification in heavier commercial vehicles, such as trucks and buses, lags behind. In 2024, electric medium and heavy goods vehicles remain costlier than those running on diesel, CNG, or LNG. With LNG expected to remain the cheapest fuel option for heavy transport until at least 2040, the study stresses the need for targeted research, infrastructure investments, and cost-reduction strategies to enable a transition in this segment. Without significant progress in electrification and green fuel adoption, diesel is projected to remain dominant in India's road transport sector until the late 2040s. Under a business-as-usual scenario, diesel demand would peak only by 2047, while petrol demand could peak earlier around 2032. Dr Himani Jain, Senior Programme Lead at CEEW, emphasised the broader implications: 'India's transport sector is at the crossroads of an energy, emissions, and urban planning challenge. Rising ownership and usage patterns will only increase congestion and environmental impact if we don't act now. We must prioritise clean, efficient, and cost-effective transport systems.' To manage the evolving cost landscape, the study recommends enhancing access to EV financing, particularly through public banks and non-banking financial companies (NBFCs). Innovative battery rental or EMI-based models could make upfront costs more manageable. In parallel, better data on vehicle ownership at the district level—especially via the VAHAN portal—will help target incentives and infrastructure planning more effectively. As India steers towards a low-carbon future, aligning fuel economics with sustainability goals will be key. The CEEW's Transportation Fuel Forecasting Model (TFFM), which enables granular projections of vehicle stock and energy demand at the district level, is expected to be a critical tool for policymakers, automakers, and energy providers alike.
Time of India
2 days ago
- Automotive
- Time of India
Electric two-wheelers in India: the affordable choice over petrol bikes
If you're still riding a petrol two-wheeler in India, you might be paying more than you need to. A new report by the Council on Energy, Environment and Water (CEEW) finds that electric two-wheelers are already the most affordable ride on the road—costing just ₹1.48 per kilometre, compared to ₹2.46/km for petrol models. That's not a small difference—it's a financial win for millions of Indian riders, from students to gig workers and city commuters. And with India expected to see over 350 million two-wheelers by 2050 (nearly 70% of the automobile market), that cost advantage could have a massive impact on both household budgets and national fuel use. EVs take the lead The CEEW report highlights how electric vehicles, especially two- and three-wheelers, are already cost-competitive across key segments. In the case of two-wheelers, the numbers speak for themselves: Electric two-wheelers: ₹1.48/km Petrol two-wheelers: ₹2.46/km Beyond the fuel savings, EVs come with lower maintenance costs, longer lifespan, and growing support through governtment subsidies and incentives like the PM E-Drive Scheme. "Electric vehicles (EVs) are already cost-competitive across key segments—especially two- and three-wheelers, taxis, and private cars in states with supportive EV policies," said the report. Why this matters: Cleaner, cheaper, smarter With a growing push toward cleaner energy and reduced oil dependency, the affordability of EVs could become a powerful lever for change—especially in cities like Mumbai, Delhi, Pune, Bengaluru, and Ahmedabad, where vehicle density is highest. To make the most of this shift, CEEW recommends a three-pronged approach: expanding EV charging infrastructure , particularly in urban and peri-urban areas; improving financing models—such as EMIs or battery rental options—to make electric vehicles more accessible; and bridging data gaps through platforms like the VAHAN portal to enable smarter, more targeted policy and planning at the district level. "India's transport sector is grappling with a trifecta—energy security, congestion, and emissions. We need walkable, efficient, low-carbon urban transport systems," said Dr Himani Jain, Senior Programme Lead, CEEW. A massive market on the move In addition, the report noted that India's love affair with two-wheelers isn't ending anytime soon. By 2050, the number of two-wheelers on Indian roads is expected to soar to over 350 million, comprising nearly 70% of all vehicles in the country. This projection is based on GDP and population growth trends, and it underscores the central role of two-wheelers in India's transport ecosystem—especially in northern and western states like Uttar Pradesh, Maharashtra, and Gujarat
Time of India
2 days ago
- Automotive
- Time of India
Still riding petrol? Electric two-wheelers cost you just Rs 1.48/km, study says
If you're still riding a petrol two-wheeler in India, you might be paying more than you need to. A new report by the Council on Energy, Environment and Water (CEEW) finds that electric two-wheelers are already the most affordable ride on the road—costing just ₹1.48 per kilometre, compared to ₹2.46/km for petrol models. That's not a small difference—it's a financial win for millions of Indian riders, from students to gig workers and city commuters. And with India expected to see over 350 million two-wheelers by 2050 (nearly 70% of the automobile market), that cost advantage could have a massive impact on both household budgets and national fuel use. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Join new Free to Play WWII MMO War Thunder War Thunder Play Now Undo EVs take the lead The CEEW report highlights how electric vehicles, especially two- and three-wheelers, are already cost-competitive across key segments. In the case of two-wheelers, the numbers speak for themselves: Live Events Electric two-wheelers : ₹1.48/km Petrol two-wheelers : ₹2.46/km Beyond the fuel savings, EVs come with lower maintenance costs, longer lifespan, and growing support through governtment subsidies and incentives like the PM E-Drive Scheme. "Electric vehicles (EVs) are already cost-competitive across key segments—especially two- and three-wheelers, taxis, and private cars in states with supportive EV policies," said the report. Why this matters: Cleaner, cheaper, smarter With a growing push toward cleaner energy and reduced oil dependency, the affordability of EVs could become a powerful lever for change—especially in cities like Mumbai, Delhi, Pune, Bengaluru, and Ahmedabad, where vehicle density is highest. To make the most of this shift, CEEW recommends a three-pronged approach: expanding EV charging infrastructure , particularly in urban and peri-urban areas; improving financing models—such as EMIs or battery rental options—to make electric vehicles more accessible; and bridging data gaps through platforms like the VAHAN portal to enable smarter, more targeted policy and planning at the district level. "India's transport sector is grappling with a trifecta—energy security, congestion, and emissions. We need walkable, efficient, low-carbon urban transport systems," said Dr Himani Jain, Senior Programme Lead, CEEW. A massive market on the move In addition, the report noted that India's love affair with two-wheelers isn't ending anytime soon. By 2050, the number of two-wheelers on Indian roads is expected to soar to over 350 million, comprising nearly 70% of all vehicles in the country. This projection is based on GDP and population growth trends, and it underscores the central role of two-wheelers in India's transport ecosystem—especially in northern and western states like Uttar Pradesh, Maharashtra, and Gujarat
The Print
19-05-2025
- Politics
- The Print
15 MCD councillors resign from AAP, form new Indraprastha Vikas Party
Speaking to ANI, Himani Jain and Mukesh Goel stated that no significant work had been completed in the municipal corporation over the past 2.5 years due to internal conflicts. The councillors led by Himani Jain and Mukesh Goel flagged internal conflicts behind their resignation. They formed a new political party named the 'Indraprastha Vikas Party.' New Delhi: In an another setback for the Aam Aadmi Party months after the assembly poll drubbing, 15 councillors in Municipal Corporation of Delhi (MCD) have resigned from the party's membership and announced the formation of a new party. 'We have formed a new party, Indraprastha Vikas Party. We have resigned from AAP. In the last 2.5 years, no work was done in the corporation which should have been done. We were in power, yet we did nothing… We have formed a new party because our ideology is to work for the development of Delhi… We will support the party which will work for the development of Delhi. So far, 15 councillors have resigned. More may join…,' Jain said. Mukesh Goel said, 'About 15 councillors have resigned from the primary membership of Aam Aadmi Party and formed a new party, Indraprastha Vikas Party. Despite being in power, we could not work for the service of the people of Delhi. We could not work due to internal conflicts…' Meanwhile, Aam Aadmi Party (AAP) leader Priyanka Kakkar alleged that the Bharatiya Janata Party (BJP) is attempting to lure AAP councillors with financial incentives following the resignation of several councillors from the party. The AAP leader accused the BJP of resorting to such tactics to bolster its position in the municipal body. Speaking to ANI, Kakkar claimed, 'We had also told during the mayor election how the BJP had offered Rs five crore to our councillors to join their party. This time also they are trying to buy councillors, because the BJP still does not have enough members to form a standing committee or a ward committee, so they are trying these things…' (ANI) This report is auto-generated from ANI news service. ThePrint holds no responsibility for its content. Also Read: Kejriwal announces 'Nasha Mukti Yatra' in Punjab amid state's 'war against drugs'
India Gazette
18-05-2025
- Politics
- India Gazette
Setback for AAP as 15 councillors resign from party over
New Delhi [India], May 18 (ANI): In an another setback for the Aam Aadmi Party months after the assembly poll drubbing, 15 councillors in Municipal Corporation of Delhi (MCD) have resigned from the party's membership and announced the formation of a new party. The councillors led by Himani Jain and Mukesh Goel flagged internal conflicts behind their resignation. They formed a new political party named the 'Indraprastha Vikas Party.' Speaking to ANI, Himani Jain and Mukesh Goel stated that no significant work had been completed in the municipal corporation over the past 2.5 years due to internal conflicts. 'We have formed a new party, Indraprastha Vikas Party. We have resigned from AAP. In the last 2.5 years, no work was done in the corporation which should have been done. We were in power, yet we did nothing... We have formed a new party because our ideology is to work for the development of Delhi... We will support the party which will work for the development of Delhi. So far, 15 councillors have resigned. More may join...,' Jain said. Mukesh Goel said, 'About 15 councillors have resigned from the primary membership of Aam Aadmi Party and formed a new party, Indraprastha Vikas Party. Despite being in power, we could not work for the service of the people of Delhi. We could not work due to internal conflicts...' Meanwhile, Aam Aadmi Party (AAP) leader Priyanka Kakkar alleged that the Bharatiya Janata Party (BJP) is attempting to lure AAP councillors with financial incentives following the resignation of several councillors from the party. The AAP leader accused the BJP of resorting to such tactics to bolster its position in the municipal body. Speaking to ANI, Kakkar claimed, 'We had also told during the mayor election how the BJP had offered Rs five crore to our councillors to join their party. This time also they are trying to buy councillors, because the BJP still does not have enough members to form a standing committee or a ward committee, so they are trying these things...' (ANI)
