Inside India s Electric Ambitions: Decoding The Forces Fuelling The EV Revolution – Inc 42

This is important as, despite the higher initial cost, the total cost of ownership (TCO) of a 4wheeler EV is much cheaper than that of ICE counterpart. According to a NASSCOM report, for a period of 10 years, TCO is INR 3.78 per Km cheaper for an EV than that of an ICE counterpart. For 3W, ICE is 60% costlier for the same period.