Mehta: High-end EVs over ₹40 lakh lack ROI unless driven 100km daily
Tarun Mehta · Ep# 14 | WTF is Happening with EV? Nikhil ft. Founders of Reva, Ather, Blusmart, and Ossus · Nikhil Kamath · Dec 10, 2023 · at 2:52:33
Tarun Mehta, co-founder and CEO of Ather Energy, analyzes EV total cost of ownership across different price segments in India.
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“The problem is the asset cost of an electric car is so high, that the kilometer saving is only worth it if you buy a car in the 10 to 20 lakh range. If you buy like a 80 lakh, 40, even a 40 lakh electric car, you don't have an ROI. Unless you run it like a hundred kilometers a day.”
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