India Ranks Third In The World For Affordable EV Charging: Study

Highlights
- India ranks 3rd globally for affordable EV charging at just Rs 231 per full charge, following Argentina and Malaysia.
- Indian EV owners can save an impressive 88.26% on fuel costs compared to petrol cars, one of the highest savings percentages worldwide.
- Denmark and Italy top the list as the most expensive countries for EV charging, with a full Hyundai Kona EV charge costing Rs 1,823.
India has emerged as one of the most affordable countries in the world for electric vehicle (EV) charging, according to a recent study conducted by Australia-based aggregator Compare the Market. The research compared the cost of charging a Hyundai Kona EV in 50 different countries and ranked them based on the cost of electricity used per 100 kilometres of driving. India secured the third spot in this global ranking, with only Argentina and Malaysia being more affordable for EV owners. In India, it costs just Rs 231 to fully charge a Hyundai Kona EV, making it a cost-effective choice for environmentally conscious consumers. Argentina claimed the top spot with a charging cost of Rs 113, closely followed by Malaysia at Rs 157. Other countries in the affordable EV charging category included the United Arab Emirates, Vietnam, China, and Turkey.
Also Read: Mercedes-Benz India Opens Access To Its Charging Network For Other Electric Vehicles

On the opposite end of the spectrum, Denmark and Italy emerged as the most expensive countries for EV charging, with a full charge for the Hyundai Kona EV costing Rs 1,823. These countries were followed by Germany, Belgium, Lithuania, and Austria, with the Netherlands also ranking among the most expensive nations for EV charging. The study also highlighted regional trends, noting that Europe tended to have higher EV charging costs compared to Asia, where charging was generally more affordable. One of the most significant findings of the research was the substantial cost savings associated with EV ownership in India. On average, it costs Rs 76 worth of electricity per 100 kilometres of driving in an EV, compared to Rs 647 worth of petrol in an equivalent internal combustion engine (ICE) car. This means that Indian EV owners can save 88.26 per cent on their fuel expenses by choosing an electric vehicle over a petrol-powered one. This savings percentage was among the highest globally.
Also Read: Tata Nexon EV Facelift Launched In India; Prices Start From Rs 14.74 Lakh

Norway and Iceland were identified as the two countries with the most significant net savings when charging an EV compared to filling a petrol tank due to the substantial difference in electricity and petrol prices. On the other hand, Italy had the smallest proportional savings per kilometre compared to the fuel bill. On average, across all the countries studied, EVs cost just Rs 267 to charge for every 100 kilometres driven, while their petrol counterparts would cost a considerable Rs 763 for the same distance. This highlights that charging an EV is roughly one-third of the cost of refuelling an equivalent petrol vehicle. The study demonstrated that depending on the country and the difference between petrol and electricity prices, EV drivers could save anywhere from 27.63 per cent to an impressive 92.59 per cent on their fuel bills compared to petrol vehicle owners.
It's important to note that these running cost calculations were based on claimed fuel efficiency and range figures, and real-world costs may vary. Additionally, the research used electricity and petrol price data sourced from GlobalPetrolPrices.com, relying on the most recent publicly available statistics as of September 2022.
Last Updated on September 12, 2023
Great Deals on Used Cars
View All Used Cars
- 65,400 km
- Diesel
- Automatic

- 85,500 km
- Diesel
- Automatic

- 72,000 km
- Petrol
- Manual

- 36,800 km
- Petrol
- Manual

- 48,000 km
- Diesel
- Manual

- 31,000 km
- Diesel
- Manual

- 9,000 km
- Diesel
- Manual

- 14,350 km
- Petrol
- Manual

- 19,200 km
- Petrol
- Manual

- 11,300 km
- Petrol+CNG
- Manual
Upcoming Cars










Upcoming Bikes










Explore More
Latest News
Related Articles

-14366 second ago
The Kia Sonet facelift is slated to be unveiled on December 14. The leaked brochure reveals details about its specifications, features and variants.

-10943 second ago
Enyaq 85 SUV offers over 560 kms of range while the coupe variant sees range increased to over 570 km.

-10271 second ago
The latest spy shots of the Tata Punch EV reveal the new LED DRL design on the offering, while the all-electric offering is expected to bring comprehensive upgrades.

-10267 second ago
This support initiative will run for 10 days from 8 December to 18 December for customers of Tamil Nadu, Andhra Pradesh and Puducherry affected from the flash floods

-9101 second ago
The manufacturer also said that it would hike the prices of its commercial vehicle range

-4823 second ago
The motorcycle is powered by a 457 cc parallel-twin engine that churns out 47 bhp of max power

-3284 second ago
Tata Motors will extend the vehicle warranty of customers affected by Cyclone Michaung, while the company is taking additional measures to improve accessibility to service their vehicles

59 minutes ago
Along with monetary aid, Hyundai Motor India Foundation is also working with the state government to delivery emergency relief and essential commodities

1 hour ago
The carmaker said that rising input costs necessitated the revision in pricing.

6 days ago
The company will be offering electric vehicle chargers through direct sales channels.

7 days ago
The RV400 is priced at Rs 1.39 lakh and is available for sale on Flipkart

7 days ago
The updated Tesla Model 3 gets the “Active Hood” feature to reduce pedestrian injuries in the event of a collision

8 days ago
Owned by Geely, Lotus has pledged to become fully electric by 2028
