This is a cost comparison between a TVS XL worth Rs. 27,000 and an Electric Bicycle worth Rs. 45,000 over a period of 6 years. You will see how much money you can save by switching to electric transport, even though the electric bicycle costs more initially.
TVS Moped
We assume in this example that you buy a 27,000 Rs TVS Moped with 35 km/L mileage and ride it an average of 20 km per day. We also assume that the price of petrol will remain stable at 85 Rs/L (local price including oil).
If your vehicle has different parameters, you can adjust for your specific case (i.e. more or less km per day, different vehicle price, different mileage, different cost of oil). Calculations DO NOT include the cost of maintenance, license and insurance.
Calculation period |
2 years |
3 years |
6 years |
No of days in the period (d) |
730 |
1095 |
2,190 |
Travel per day (km) |
20 |
20 |
20 |
Total travel (in km) (d x km) = T |
14,600 |
21,900 |
43,800 |
Moped mileage (in km/L) = M |
35 |
35 |
35 |
Total petrol used (in L) |
417 |
626 |
1251 |
Petrol price (Rs/L) = PP |
85 |
85 |
85 |
Total cost of petrol (in Rs) (PU x PP) |
35,445 |
53,210 |
106,335 |
Initial cost of moped (Rs) Moped is not replaced on years 3 and 6. |
27,000 |
0 |
0 |
Total cost of moped + petrol (Rs) |
62,445 |
53,210 |
106,335 |
Electric Bicycle
The example below assumes that you buy a 45,000 Rs Electric Bicycle, ride an average of 20 km/day with a 30 km/charge autonomy, that you recharge the battery every day, and that you buy a new battery every 3 years. No insurance or license required for this vehicle.
Calculation period |
2 years |
3 years |
6 years |
No of days in the period (d) |
730 |
1,095 |
2,190 |
Travel per day (km) |
20 |
20 |
20 |
Total travel (in km) (d x km) = T |
14,600 |
21,900 |
43,800 |
Cost of charging (5.5 Rs/kWh) |
2,007 |
3,011 |
6,022 |
Battery replacement at years 3 and 6 |
0 |
12,600 |
12,600 |
Total cost of electric battery+charging |
2,007 |
15,611 |
18,622 |
Initial cost of Electric Bicycle |
45,000 |
0 |
0 |
Total cost of e-cycle+battery+charging |
47,007 |
15,611 |
18,622 |
SUMMARY – Cost Comparison between moped and e-cycle
Calculation period |
2 years |
3 years |
6 years |
Cost of moped + petrol (Rs) |
62,445 |
53,210 |
106,335 |
Cost of e-cycle+batteries+charging |
47,007 |
15,611 |
18,622 |
Savings (Rs.) |
15,438 |
37,599 |
87,713 |