In a latest development, online platform, Park+ has released a report recently which is focusing on the experiences of electric vehicle owners in India.
In this survey, they have included responses from 500 EV car India.
The survey participants included responses from 500 EV car owners from the metropoletine including Delhi NCR, Mumbai, and Bangalore.
Almost 91,000 electric passenger vehicles were sold in India during the Financial Year 2023- 24, as indicated by the data from the Federation of Automobile Dealers Associations (FADA).
Park+ Survey Findings
Interestingly, a significant 88 percent of EV owners felt anxiety as a primary concern, surpassing the more commonly discussed range anxiety.
According to several drivers, they preferred to limit their travels to short intercity trips under 50 km due to these challenges.
Out of the total respondents, 73 percent showed concerns over maintenance costs as it was a major gray area for them.
Besides this, many EV owners find it problematic as even local mechanics find it difficult to fix any issues that occur in their EV.
In addition to this, there is an inability to obtain second opinions on repair costs further compounded their concerns.
But biggest of all this,there is a substantial fall in the resale value of EVs, again creating a worry for 33 percent of respondents.
As we know that the resale market for EVs is still developing.
It appears that the lack of standardized tests to evaluate battery quality currently, which constitutes 30 percent of an EV’s value, makes it difficult to assess their true worth.
This uncertainty adds up in contrast sharply with the straightforward valuation of ICE vehicles based on age and mileage.
It won’t be an exaggeration to say that EV owners reported lower satisfaction compared to ICE vehicle owners, primarily due to everyday hassles.
As an effect, 51 percent of the surveyed EV owners expressed a preference for returning to ICE vehicles for their next purchase, notably.
Most Popular EV
When it comes to the most popular EV, the Tata Nexon EV emerged as the most popular choice among current EV owners, with almost 61 percent favoring it.
The next place is occupied by the Tata Punch EV at 19 percent.
Besides this BYD is also worth mentioning as it also attracted attention.
But, according to respondents, they noted its higher pricing and limited test drive availability as drawbacks.
