Understanding Electric Vehicles: A Greener Approach

Global warming is a reality that we all face every single day. The problem may seem too large for a single person to manage, but if we all decide to make small changes, we can have a positive impact on the world. In India, the government is also attempting to fight global warming and pollution. They have set themselves a target to convert 30% of all on-road vehicles into electric vehicles by the year 2030. There are several electric vehicles already available in our markets, so we must take some time to understand how they work. If you’re planning on going electric, here’s a quick guide on things you should know before you make a purchase or upgrade.

Types Of Electric Vehicles:

Essentially, there are three types of electric vehicles available in the market. The distinction is made based on what powers the engine.

1. Battery Electric Vehicles (BEV)

These vehicles are fully electric and run on rechargeable batteries that are charged by DC level 3 chargers. They are the most eco-friendly as they emit little to no air pollutants and also reduce noise pollution. In India, Hyundai, Mahindra, Tata and Mercedes all have BEV car options available.

2. Plug-in Hybrid Electric Vehicles (PHEV)

Like BEVs, these cars run primarily with the help of rechargeable batteries. However, they can also run-on fuels like petrol and diesel. Typically, the vehicle starts and runs on battery power. Once the battery drains out, it switches to fuel supply.

Hybrid Electric Vehicles (HEV)

These vehicles use electricity to start and move, but then switch automatically to fuel with an increase in speed. In India, there are several hybrid cars available today. While these cars are significantly better for then environment than solely fuel-run counterparts, they aren’t as eco-friendly as PHEVs or BEVs.

The Benefits Of Electric Vehicles

We’re sure you know that electric vehicles are better for the environment – but that isn’t where the advantages end. Here’s a quick look at some of the other benefits of driving an electric vehicle:

1. Save on Fuel Costs

The cost of petrol is continuously on the rise. When you opt for an electric vehicle, you can save on petrol and diesel costs in the long run.

2. Easy to Maintain

Electric cars tend to have fewer parts than their fuel-driven counterparts. So, these vehicles are easier to maintain.

Going Green

Most people assume they will have to buy a new vehicle if they want to switch from a fuel-driven car or bike to an electric vehicle, but this isn’t true. As per the Central Motor Vehicles Rules, 1989, car owners can retrofit an electric-powered core into their fuel-driven car. Of course, if you’ve opted to do this, you must have your paperwork in order. You need written approval from your local RTO office before you change your vehicle’s engine. You must also have a valid insurance policy before you start using your vehicle. In India, having at least third-party cover is mandatory by law. But, we always say that the more cover you have, the better. When it comes to insuring your vehicle, you should always opt for personal accident cover for yourself and your co-riders as well.

Reference: https://www.bbc.com/news/world-asia-india-48961525#:~:text=India%20is%20making%20a%20big,100%25%20electric%20cars%20by%202030.

Disclaimer

Zuno General Insurance Limited does not assume any liability for actions taken based on the information contained in this blog. All insurance products and services are subject to the terms and conditions of the specific policy. Coverage and pricing may vary based on individual circumstances and eligibility.