Petrol cars have been in use for a long time and, as the name suggests, run on petrol. On the other hand, electric vehicles use energy stored in a battery to power the car. Each type has its own advantages and disadvantages. Before deciding between an electric car vs. petrol car, it’s important to understand the differences.
Difference between electric cars and petrol cars
It is crucial to know the difference between electric car and petrol car before making an investment. The two types differ in the following ways:
-
How they run
Petrol cars operate by using gasoline to power their engine. In contrast, electric cars utilise batteries and electric motors charged via electricity from an outlet.
-
Cost
A new petrol car typically has a lower initial cost, but ongoing expenses such as fuel costs, oil changes, and repairs can be cumulatively higher compared to other types of cars. While electric cars may have a higher purchase cost, charging their batteries is generally cheaper than fuelling a petrol car, and they require less frequent servicing. For long-term use, an electric-powered car is often recommended due to its lower operational costs and reduced environmental impact.
-
Convenience
Petrol automobiles are convenient to refuel since petrol stations are widely accessible around the globe. You can fill your tank and be on your way within minutes. In contrast, electric cars require charging, which is not as universally available as petrol stations. Charging also takes longer than refuelling at a petrol station, which can be inconvenient for those with tight schedules or on long trips.
-
Impact on the environment
Electric cars are often considered environmentally friendly because they do not emit exhaust fumes. When charged using clean electricity sources such as solar or wind power, they contribute positively to environmental conservation. In contrast, petrol cars emit vehicle exhaust that pollutes the air and contributes to climate change. They rely on fossil fuel energy, which is non-renewable and has significant negative environmental impacts.
-
Insurance
Insurance for both electric and petrol cars is essential. Due to higher acquisition costs and potentially expensive repairs, electric cars tend to have higher insurance premiums. However, the actual cost of four-wheeler insurance or the difference in insurance premiums can vary based on the car make and the insurance company’s policies.
Conclusion
It is wise to consider all the factors before making an investment in either a petrol or electric vehicle. The most suitable car depends on factors such as cost, fuel efficiency and insurance premiums. Conduct thorough research before making your choice.
Disclaimer: The information provided in this blog is for educational and informational purposes only. It may contain outdated data and information regarding the Insurance industry and products. It is advised to verify the currency and relevance of the data and information before taking any major steps. ICICI Lombard is not liable for any inaccuracies or consequences resulting from the use of this outdated information.