Debunking Myths About Electric Vehicles

The need for, and the importance of, electric vehicles is increasing each day. As pollution levels increase, leading to worsening air quality, more and more people are looking at electric vehicles as a viable alternative. Electric vehicles or EVs are indeed a beacon of sustainable private transport; thanks to their no-fuel, no-emissions, no-noise features. The varying features of EVs make people wonder if such vehicles need car or bike insurance. Ultimately, EVs, too, are plying on the road and are liable to its dangers. Hence, they need vehicle insurance as per prevalent laws. The rapid popularity of EVs has also led to the spread of many myths surrounding them, most of which are incorrect. To lay bare the truth, we list down some common myths about electric vehicles and debunk them for your knowledge.

Myth #1 - Electric vehicles take a long time to charge 

The truth: Nowadays, most EVs get charged quickly without taking as much time as their earlier generations. The first-generation EVs took a large amount of time to charge, making them inconvenient for the average user. However, as with other technology, these vehicles have undergone advancement. An electric car with a strong battery can get fully charged within an hour depending on the charging station and other variables. That is less time that it would take you to purchase an online bike or car insurance for your vehicle.

Myth #2 - Batteries of electric vehicles are not safe

The truth: EV manufacturers have to comply with IP (ingress protection) which shields the vehicle from damage due to dust and water. The electrical components of EVs are also well-protected. It is also to be noted that the safety of your EV’s battery depends on many variables, including the manufacturer. Since the battery quality is important for your safety and that of the vehicle, it is recommended that you purchase your EV from a reliable, established manufacturer only. Ensure that your EV’s battery is equipped with technology that is suitable for all kinds of weather, and is waterproof, shockproof, dustproof, etc. At the same time, you must take all precautions required from your end, such as not overcharging the battery or overexerting it.

Myth #3 - Comprehensive coverage is not required for electric vehicles 

The truth: Since EVs are still a new entrant in the motor market, many owners tend to believe that their electric vehicle may not receive the right amount of coverage under a comprehensive policy. This is not true, as many insurers are undertaking serious measures to provide comprehensive electric vehicle insurance that covers issues related to EVs specifically. * A comprehensive policy helps you comply with the law as well as provide protection against theft, fire, natural disasters, manmade calamities, and so on. Your EV can receive even more protection with the help of add-ons available with your electric car or bike insurance policy.

Myth #4 - There are not enough EV charging stations in India 

The truth: As per NITI Aayog, the government’s resource center, there is around 934 electric vehicle charging stations across the length and breadth of India. Furthermore, measures are being taken by public and private companies to increase this number and introduce more charging stations at a rapid pace. Plans are being made to set up an EV charging station every 25 kilometers on each side of highways and roads. As the acceptance of electric vehicles grows, so will the infrastructure to support these vehicles.

Myth #5 - Electric vehicles are not as eco-friendly as they seem 

The truth: An electric vehicle will emit 3 times lesser carbon dioxide emissions, even when you take the carbon footprint of electric charging under consideration. As compared to fuel-powered conventional vehicles, EVs are also more adept at converting electrical energy to wheel power. As for the carbon footprint emitted in producing electricity to charge EVs, it can be reduced as more non-conventional sources of energy become the norm. One must realize that electric cars or bikes are not magical items that can solve all the woes of pollution and carbon emissions. Rather, they are an advancement to conventional vehicles and mark a step ahead in people’s attempt to make a cleaner and greener world. Ensure to carry out thorough research before buying an electric vehicle, as well as its insurance policy.   *Standard T&C Apply  Insurance is the subject matter of solicitation. For more details on benefits, exclusions, limitations, terms, and conditions, please read the sales brochure/policy wording carefully before concluding a sale.