Electric Vehicle Industry

 Greener future of EV RETROFIT or NEW ELECTRIC VEHICLE: A CLEAR guide

Nowadays electric vehicles (EVs) are more popular because it’s too important to save the world. So, people are moving towards greener transportation, and that is why consumers are faced with a critical decision of whether should they retrofit their current vehicle or buy a new EV. In this article, we discuss both alternatives that help you decide which one is best.

EV Retrofit: A budget-friendly option

Introduction of EV retrofit:

Retrofitting is a mechanical operation where the petrol/diesel engine and fuel tank on an ICE vehicle are removed and replaced with an electric motor and battery, which is turning into an electric vehicle. The electric motor used can just as well run directly off a battery or indirectly off a fuel cell (hydrogen).

Advantages of Retrofitting

1. Retrofitting will immediately stop the carbon emissions caused by old ICE vehicles.

2. Will enjoy second life of vehicles for the next 8 years, again more replacing battery

3. Noise less with easy smooth driving.

4. Contributing green environment.

5. The advantage is sentimental. If you are emotionally attached to your vintage or classic cars or into the hobby of collecting classic cars, or showing them off at classic car shows, then you might have your beloved car converted. Otherwise, purchase a design from the group up EV.

6. Will let us save a lot of fuel bills as electric cars are cheaper for running and maintenance, as the cost of retrofitting is generally ranging from 3 lakhs to 9 Lakhs, depending on factors like the model, weight, size, and manufacturing year of the vehicle, which can be significantly lower than purchasing new one.

Challenges of retrofit

1. The retrofit process can be complex and may lead to reliability issues. Not all vehicles are suitable for conversation.

2. Retrofitted vehicles may not match the range or performance of new EVs. The technology and battery packs used in retrofits might be less advanced compared to those found in modern electric cars, potentially affecting the overall driving experience.

3. The resale market for retrofitted vehicles is still developing, making it difficult to predict future value and market demand.

Buying new EV: the modern solution

What is expected from a new EV?

Purchasing a new EV means a designed vehicle from the ground up to be electric, with the latest in battery technology, and advanced features.

ADVANTAGES OF BUYING NEW

1.  Lower emissions from EVs lead to improved air quality, potentially reducing health issues related to air pollution.

2. Electric motors provide instant torque, and smooth acceleration, which enhance the driving experience.

3. The EV market is leading to advancements in battery technology, charging infrastructure, and the design of vehicles.

4. EV owners can get tax exemptions from the government, depending on where they are living.

Challenges of Buying new

1. The initial cost of new EVs can be substantially higher compared to retrofitting an old vehicle. While incentives can alleviate some of this cost new EVs still represent a large finance investment.

2. New vehicles, including EVs, depreciate rapidly. The value of a new EV can decline significantly be a concern for buyers.

 

      Conclusion

Retrofitting is a cost-effective way to transition to electric power, especially for vintage cars, while buying new offers advanced features and comprehensive support but at a higher cost. So, the Decision between EV retrofit and Buy a new EV depends on you. Evaluate your needs and preferences to make the best choice for you.