You could recover additional cost of Tata Nexon EV within a year. Here's the math

MG Motors and Tata Motors have announced deep price cuts for their electric cars, making them quite affordable..

Post the price cuts, the electric cars of these two companies are not that expensive compared to their petrol and diesel counterparts..

In fact, you could recover the additional cost of electric cars within a year itself...

Here's the calculation - The cost of running the Nexon EV for one year or about for 15,000 km would be just about Rs 15,000 compared to Rs 1.2 lakh and Rs 96,000 for the petrol and diesel variants, assuming an efficiency of 12 km/lt for petrol and 14 km/lt for diesel models..

The entry variant of the Nexon EV, priced at Rs 14.5 lakh (ex-showroom), has seen the steepest reduction of Rs 1.2 lakh, while the base model of the Tiago now costs Rs 8 lakh after a reduction of up to Rs 70,000...