Looking to do your bit for the environment? Then think about getting behind the wheel of a green car. With the regular fuel prices surging at a rocket speed, electric vehicles are likely to become more and more popular in the next few years.
However, the production of these electric vehicles has not reached the volume levels that canenable economies of scale in their manufacturing and distribution costs. This makes these vehicles expensive. Not only the vehicles are expensive but finding the best car insurance online for these vehicles is again a challenge. The path may seem a bit dark at first but understanding the critical nuances is the key.
Electric vehicles have a tremendous potential in a country likeIndia where people have been struggling with the pollution problem.Electric vehicles can provide a better opportunity and can ensure clean air to the citizens. We need to understand that, ‘renewable energy and electric vehicles will be complementary to each other in India’.
To give a push to the electric vehicle in India, more emphasis should be paid on the following points:
- Increase the number of charging stations
- Include electric vehicles in public transport
- Provide subsidies
Increase the charging stations
If we want to see growth in the electric car numbers, we need to have adequate public charging points. China and USA have fueled their growth in electric vehicles by introducing plentiful charging points and are also planning to increase the number with each passing day. Along with this, various car insurance companies in India can make car insurance policies attractive for electric vehicle owners by offering them discounted premium rates.
‘Plug In India’, a content platform promoting the use of electric vehicles has listed a growth in the total number of charging stations across the country. The number has gone up to 222 in May 2017 from 194 in July 2016. A similar increase in the number is the need of the hour.
But the irony is that a large number of these stations come from service centres, and showrooms of electric car manufacturers.
This number has to increase for the public transport. Once the public transport starts operating electric vehicles we can expect setting up of more charging points for the public.
If bus stations, shopping malls and complexeshavean adequate charging infrastructure, the electric vehiclescan get a boostin the charging facilities and see the new beginning.
Electric vehicles in public transport
Electric vehicles have a lot to offer to the public transport domain of India. If electrically charged buses are introduced, they can be charged overnight at their depots.
The FAME scheme(Faster Adoption and Manufacturing of (Hybrid and) Electric Vehicles in India) of the government is already looking at pushing the electric buses for public transport. This should be a reality in the coming years. Also, this scheme has special provisions for making some cities turn to electric entirely in the public transport sector.
In the United States, a tax credit is offered to buyers of the electric vehicles. Hong Kong has no registration tax on electric vehicles. Electric cars are known to get tax exemptions in Norway. All these policies have spurred up the usage of electric cars in the respective foreign countries. India needs to adopt such policies.
In India, a subsidy is provided to hybrid vehicles under the FAME scheme. However, the subsidy for the mild-hybrid vehicles was removed by the government in April 2017. Mild-hybrid vehicles are those whoare equipped with a battery that is insufficient to power the motor, but it can assist the regular fuel-powered engine. Thisreduces fuel consumption.
If the government wants to promote the use of electric cars, the subsidy for the mild-hybrid carsmust be more efficient. On the other hand, the government can tax the fuel-based vehiclesfor emissions.
Know About Car Insurance for Electric Cars
If you have an electric car or if you are planning to get one, then the first thing that should come to your mind is ‘car insurance’. We have heard about a standard car insurance policy, but having an insurance policyfor an electric car can raise many questions in our mind.
Just because you are ditching fuel cars by opting for an electric car, it doesn’t mean you can also run away from your duty of buying car insurance, which is equally necessary for electric cars as well. Moreover, whether you are driving an electric car or a conventional car insurance, there would be no change in the norms of car insurance policy. Like fuel-driven vehicles, for electric cars, you should also buy athird-party insurance policy to ply your vehicle on roads, otherwise, you would have to pay fine.
Like other vehicles, electric cars also have to deal with losses or damages, like fire, flood, theft and much more. Also, your carelessness (or of the other person on the road) can lead to anaccident. In order to safeguard yourself and your vehicle from all kinds of hazards, it is important that you purchase a comprehensive car insurance policy that comes with a 360-degree cover.
You can easily get quotes from different car insurance policies online. Your job is to narrow down a proper plan if you are looking for a car insurance online. Look for the plans that come with a proper car insurance renewal. Understand the jargon used and talk to the customer care executive if you have any questions related to the premium rates or the policy.
The smooth process for application of car insurance online has opened the door towards the new horizon for electric cars. If you are investing your money in electric cars, it is essential that you choose the best car insurance in India.
Considering the rise in pollution level across India, it is a good idea to use electric cars. Further, the government’s subsidy has bolstered the electric vehicles market in India. So, it is a good move to incline towards electric cars which not only ease your commuting but also make Mother Nature happy!