Electric vehicles are becoming increasingly popular in the Indian market as a better alternative to conventional fuel-powered vehicles. Electric vehicles not only provide sustainability but also help tackle rising fuel prices. Buyers now have more choices as manufacturers are making more electric cars and introducing more models.
A recent survey by the Economic Times shows that 35 percent of potential buyers of new cars are considering electric vehicles. The market for electric vehicles priced below Rs 5 lakhs has grown in India, where there is a huge demand for affordable and eco-friendly transportation.
If you are also thinking of buying a low-budget electric car and want a pleasant driving experience, then the best Electric Cars in India Under 5 Lakhs are available as an option for you.
In this article, we will talk about the benefits, challenges, and notable options for electric cars in India under 5 lakhs. However, the most basic electric cars in India do not cost more than Rs 5 lakh
Table of Contents
Rise of Electric Cars in India’s Auto Industry
Government pressure for environmentally friendly transportation and growing public awareness of these issues have resulted in increased adoption of electric automobiles in India. Electric vehicles are becoming more popular as a sustainable option due to efforts to reduce air pollution and increasing reliance on fossil fuels.
In India, electric automobiles priced under Rs 5 lakh are a cost-effective and eco-friendly option.
Benefits of Electric Cars
1. Benefits for the environment
Since electric cars do not emit any smoke, the environment remains healthy and air quality improves. This is important in urban areas with high population density when air quality is a major concern.
2. Savings on expenses
Even though electric automobiles may seem expensive initially, they are much less expensive to own in the long run. Because they have fewer moving parts, electric cars require less maintenance and repairs. Furthermore, electricity is less expensive than traditional fuels.
3. Financial Incentives From the Government
To encourage the use of electric vehicles, the Government of India offers several incentives, including lower registration costs, tax exemptions, and subsidies. Thanks to these subsidies, the common consumer can now buy electric cars.
Challenges in the Adoption of Electric Cars
1. Charging Infrastructure
Access to a reliable charging infrastructure is one of the primary issues. A large-scale network of charging stations is essential to reduce range anxiety and promote the adoption of electric vehicles by more people.
2. Limited Range
The range of electric vehicles has improved due to technology. The distance that some competitively priced models under Rs 5 lakh can cover on a single charge may still be limited. In light of this, long journeys may not be advisable.
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Electric Cars in India under 5 lakhs
Electric cars in India under 5 lakhs are detailed below:
| Car Model | Ex-showroom price* |
|---|---|
| Strom Motors R3 | ₹4.50 Lakh |
| Mahindra Reva i (Discontinued) | ₹2.88 Lakh |
| Tata Nano Electric (Jayem Neo) | ₹5 Lakh (Expected) |
1. Strom Motors R3
Strom Motors R3, included in the list of electric cars in India under 5 lakhs, is a powerful 2-seater car. It is available in only one variant and comes with 2 doors. The futuristic design of the car is being liked a lot by the buyers. The automaker offers the Strom-R3 in 4 colors with an all-electric touchscreen interface. Let’s check out some of the key features of this EV:
| Feature | Specification |
| Ex-showroom price | ₹4.50 Lakhs |
| Top speed | 80 kmph |
| Range | 200 km |
| Transmission | Manual |
| Mileage | ₹0.40/km |
| Time for a full charge | 3.4 hours |
| Body type | Hatchback |
| Seating capacity | 2 |
Strom-R3 Electric Vehicle Price in India
The Strom-R3 electric vehicle was launched in India primarily by Mumbai-based Strom Motors in August 2020 with a price tag of Rs 4.5 lakh. According to Strom Motors, India’s electric car is a “Made in India, Made for India” model, designed to serve a range of consumers including families, professionals, and large owners commuting within a 10 km radius of the city.
2. Mahindra REVA I
Mahindra REVAi is no longer in production. However, the vehicle may still be available on the second-hand market. The following are the main specifications of this car:
| Feature | Specification |
| Ex-showroom price | ₹2.88-3.76 Lakhs |
| Top speed | 80 kmph |
| Range | 200 km |
| Transmission | Automatic |
| Mileage | 80.0 km/full charge |
| Body type | Hybrid |
| Seating capacity | 2 |
| Variants | i Standard, i AC, i Classe |
3. Tata Nano Electric
Tata Motors and Jayem Automotives announced in November 2017 that they would be working together to manufacture the Jayem Neo, an electric variant of the Tata Nano. The vehicle might be available shortly. Recently, the car was seen on an electric test drive in Akurdi, Pune. The anticipated attributes and features of Tata Nano are as follows:
| Feature | Specification |
| Ex-showroom price (Mumbai) | ₹2.50 Lakhs |
| Top speed | 80 kmph |
| Time for a full charge | 3 hours |
| Range | 200 km |
| Transmission | Manual |
| Body type | Hatchback |
| Seating capacity | 4 |
Conclusion
The public now has an exciting option of Electric Cars in India Under 5 Lakhs, as India works to establish a greener and more sustainable transportation ecosystem. Despite the existing constraints, the benefits in terms of cost savings and environmental impact cannot be ignored. People can enjoy affordable and effective mobility and help create a green future by switching to electric vehicles.
FAQ’s
What are the main challenges faced by electric vehicles (EVs) in India?
The high cost of EVs in India, the absence of infrastructure for charging them, the scarcity of parking spots, and consumer concerns over range anxiety are some of the major issues they confront.
Concerns exist around the high insurance premium for electric vehicles (EVs) as well as the cost of charging batteries after the warranty term.
What is the current market penetration of electric vehicles in India?
Just 1.3% of all vehicles sold in India in 2021 were electric cars.
Nonetheless, the industry is growing quickly, and from 2021 to 2030, it is expected to increase at a 90% compound annual growth rate (CAGR).
India’s shift to connected, shared, and electric mobility by 2030 may reduce carbon dioxide emissions by almost one gigatonne.
What measures are being taken to address the challenges faced by electric vehicles in India?
The Indian government is aggressively tackling the issues that electric vehicles (EVs) confront, including encouraging public-private partnerships for infrastructure development, standardizing connectors in automobiles, and expanding the number of charging stations.
Additionally, the government has implemented regulations aimed at increasing the efficiency of charging stations and promoting their expansion.
What are the benefits of electric vehicles for India?
India may lessen its reliance on fossil fuels, and fight air pollution, congestion, and carbon emissions by implementing electric vehicle policies. They can also increase energy security.
Making the switch to EVs can also lead to the creation of new jobs and boost the economy of the nation.
How can fleet operators in India benefit from switching to electric vehicles?
Using electric cars can help fleet managers like Amazon, DoorDash, and BigBasket cut operational expenses.
Fleet managers will find it easier to implement electric vehicles as a result of the growing infrastructure for charging EVs brought about by the growing demand for EVs.
