What to consider before buying an e-bike? Tax benefits, Registration costs, charging stations, discounts

Date : 20/11/2021
Read: 3 mins

Want to know about e-bikes and two-wheelers? The article educates you about the pricing, tax implication, festive discounts, and much more related to electric two-wheelers.

5 Things you must consider before buying an e-bike

The Government of India has been working tirelessly to promote e-mobility. Thanks to its efforts, sales of electric vehicles are predicted to rise from 20,000 in 2016 to an estimated 1,44,000 by the end of 2021. The government has also promised to make the 100% electric vehicle dream a reality by 2030. This means every vehicle sold in the market after that year will be powered by electricity. Don’t you want to grab the opportunity to be a pioneer before it becomes a mandate?

What to consider before buying an e-bike?

Pollution is leading to global warming, and our fossil fuel-powered vehicles are not helping. We are under threat from this pollution, and it is up to us to do something about it. You would no doubt have heard about the rising pollution levels in metro cities.

Enter e-bikes, an economical and sustainable alternative to conventional transport. Are you interested in buying one? Here are some things you need to consider:

Tax benefits: Many state governments are taking the initiative to create awareness and make people gravitate towards buying e-bikes and other electric vehicles. If you purchase an EV, you will be eligible for certain tax benefits and a lower GST while purchasing. So, consider tax exemptions and claim rates before settling for an electric two-wheeler.

The incentives offered as per states are:

Registration cost: If your electric scooter has a low speed, it does not require registration or insurance. You will not require a driving licence either. In the case of more powerful EVs, you will have to register your car or bike and take vehicle insurance. So, look into this aspect before investing in the e-bike.
Cost of purchase: Be clear with your budget before thinking of investing in an electric two-wheeler. Such bikes could start from Rs 50,000 and go up depending on the top speed, range, and features. So, do some cost analysis before jumping in. For example, Hero Electric Optima starts at Rs 51,440 (ex-showroom), the Okinawa Lite is Rs 66,993 (ex-showroom), and the Bajaj Chetak ranges from Rs 1 lakh onward.
Charging stations: You will get a home charging station with the purchase of an e-bike. However, you should ideally have easy access to public charging stations in case of an emergency. You can look on Google Maps in your city while searching charging stations near you.
Festive discounts: If you plan to buy an e-bike, you will get multiple offers during the festive season. Big brands are offering discounts and lower interest rates on EVs. Yes, October/November 2021 will be the best time to get your hands on your preferred electric two-wheeler! For example, Hero Electric’s “30 days – 30 bikes” initiative will allow you to have a chance at winning a free bike if you bought it between 7th October to 7th November 2021.
Maintenance cost: The repair or maintenance costs for electric bikes are comparatively lesser than petrol scooters. This is because electric scooters have far fewer moving parts, resulting in fewer trips to the service stations for regular servicing.

Last words

Buying bikes powered by electricity can be a no-brainer if you weigh the factors mentioned in this article. Knowledge about tax implications, festive offers, price, charging station network, and registration will equip you to make a wise decision.

What to consider before buying an e-bike?

Enter e-bikes, an economical and sustainable alternative to conventional transport. Are you interested in buying one? Here are some things you need to consider:

Tax benefits: Many state governments are taking the initiative to create awareness and make people gravitate towards buying e-bikes and other electric vehicles. If you purchase an EV, you will be eligible for certain tax benefits and a lower GST while purchasing. So, consider tax exemptions and claim rates before settling for an electric two-wheeler.

The incentives offered as per states are:

Registration cost: If your electric scooter has a low speed, it does not require registration or insurance. You will not require a driving licence either. In the case of more powerful EVs, you will have to register your car or bike and take vehicle insurance. So, look into this aspect before investing in the e-bike.
Cost of purchase: Be clear with your budget before thinking of investing in an electric two-wheeler. Such bikes could start from Rs 50,000 and go up depending on the top speed, range, and features. So, do some cost analysis before jumping in. For example, Hero Electric Optima starts at Rs 51,440 (ex-showroom), the Okinawa Lite is Rs 66,993 (ex-showroom), and the Bajaj Chetak ranges from Rs 1 lakh onward.
Charging stations: You will get a home charging station with the purchase of an e-bike. However, you should ideally have easy access to public charging stations in case of an emergency. You can look on Google Maps in your city while searching charging stations near you.
Festive discounts: If you plan to buy an e-bike, you will get multiple offers during the festive season. Big brands are offering discounts and lower interest rates on EVs. Yes, October/November 2021 will be the best time to get your hands on your preferred electric two-wheeler! For example, Hero Electric’s “30 days – 30 bikes” initiative will allow you to have a chance at winning a free bike if you bought it between 7th October to 7th November 2021.
Maintenance cost: The repair or maintenance costs for electric bikes are comparatively lesser than petrol scooters. This is because electric scooters have far fewer moving parts, resulting in fewer trips to the service stations for regular servicing.