Economics of ICE 2w Vs EV 2w - 3 & 6 yr Case Study

We have quite a few EV options in 2w and people keep arguing that they are expensive. But are they really?

Here at TCIN we break down the economics of owning and operating an ICE 2w vs an EV 2w. Obviously not an exact science, since we are using data from multiple sources. But this should give you a good idea.

For the comparison we will be taking Pulsar 180, Pulsar 150, Splendor+, Activa 5G, Revolt RV400 & Ather 450.

We will be giving ICE some leniency while making some approximations for EVs.

We talked to Bajaj and hero dealers in mumbai for gathering the requisite data.

Lets take a look at our very unscientific study

On road price for pulsar include RTO & first year service. First year service will charge you for consumables but still while adding we didn't take into account first year service. We don’t know if insurance on Pulsars include own damage or not, but seems unlikely beyond the first year. So your TCO will be a bit high.

Also on road price for splendor includes RTO, first year service, accessories & 1 yr insurance.

For fuel economy of ICE 2w we are being a bit generous and for EV we have considered bit less than real world range. Since Ather can easily do 85 km in city and revolt has a 125 km range in city, we have considered only 75 & 100 km respectively.

Also for EVs we included Road Tax , which is not applicable in many states. Ather is currently sold in states with no road tax, yet we have still included road tax at 8%. With all states coming out with EV policies, Road tax will hopefully will be nil in all states. So if you are in state with no road tax, your saving on Revolt & Ather increases by nearly 8.5 to 10k.

On road price of revolt is taking MY Revolt Plan at 3999/month for 37 months & 11000 for RTO & helmet and stuff. We don’t have any data on service and insurance of revolt after first 3 years, so we assumed combination of both 3k a year (both combined written in maintenance). Service and maintenance are included in MRP for first 3 years.

We similarly were not able to get good data on ather insurance, but the amount we are taking for ather insurance includes 3rd party damage and Own damage.

We also chose most expensive Ather subscription- Ather One which is 8400/year. Written in maintenance column. you get whatever you charge reimbursed under it. , sometimes even more. So your fuel cost will be 0.