How is EV insurance different from ICE cars?

IRDAI mandates specific premium rates for EVs, typically lower than ICE vehicles. However, both follow the same IDV (Insured Declared Value) depreciation slabs: 5% in Yr 1, 15% in Yr 2, up to 50% from Yr 5 onwards.

What is the 'Opportunity Cost' in this calculator?

Since EVs usually have a higher upfront sticker price, the difference in down payment could have been invested elsehwere. This calculator lets you factor in those lost returns (e.g., 10% in a Balanced Advantage Fund) to see the 'true' cost of choosing the EV.

Is Section 80EEB tax benefit included?

No. Section 80EEB (tax deduction on EV loan interest) was only available for loans sanctioned up to March 31, 2023. This calculator is updated for 2026 and ignores this expired benefit.

When does an EV typically break even in India?

For a driver doing 1,500 km/month, an EV typically breaks even in 3-5 years. At 500 km/month, the high upfront cost may never be recovered through fuel savings within a 10-year ownership period.

EV vs ICE TCO Calculator

Comprehensive Total Cost of Ownership (TCO) comparison between EVs and ICE vehicles. Factor in fuel, IRDAI insurance slabs, maintenance, and opportunity costs for a 2026-ready decision.

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Quick Summary: EV vs ICE TCO Calculator

Calculating the Total Cost of Ownership (TCO) compares the high purchase cost of an EV with the ongoing fuel expenses of an ICE vehicle. For FY 2026-27, a driver logging 1,500 km/month typically achieves breakeven within 4 years, factoring in 10% opportunity cost on the down payment difference.

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Regulatory Disclaimer

Last verified May 2026

Statutory Disclosure

Nature:Calculator platform and is NOT a SEBI-registered Investment Adviser. All calculations are indicative.

Risk:"Investments in securities market are subject to market risks. Read all related documents carefully before investing."

Consult a SEBI-registered IA or CA for personalised advice.

9 out of 10 traders in F&O incurred net losses (SEBI 2023). Tax estimates based on IT Act 2025. Trezoriq is not liable for financial decisions based on results.