Green Auto Loans: Tackling Hidden EV Costs for Smart Savings
India is committed to achieve the Net Zero emissions target by 2070.
Greener times for the EV industry is upon us. The move to electric vehicles is finally gathering force as environmental concerns and government incentives swell. While the outlay for an EV may be steep, savings from reduced fuel consumption and lower maintenance really begin to add up after time. Then there are often hidden costs associated with EV ownership that demand meticulous financial planning. Green auto loans come into play right here.
Total Cost of Ownership of EVs
Beyond the sticker price, so much more goes into the cost of being an EV owner. These could include:
Home charging infrastructure: Installation of a home charging station can be very costly.
Battery replacement: Whole life expectancy has improved, replacement costs can still be very high.
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