What is an E-bike or Electronic Bike?
Unlike the traditional bike, an electric bike is equipped with a rechargeable battery and runs on an electric motor. They don't need combustion engines to run, therefore, you don't have to worry about air pollution. Moreover, the Government of India has initiated the EV subsidy program named Faster Adoption & Manufacturing of Electric Vehicles (FAME). This program facilitates the adoption of an electric two-wheeler.
E-bikes Versus Fuel Bikes
Since e-bikes are the future of India, still some people might get confused about whether to buy a petrol bike or an electric bike, below is a comparative study for both-
|Point of Basis
|They are environmentally friendly and emit 50% less carbon than fuel-powered engines.
|Generates more power and emits higher carbon dioxide.
|Seamless riding experience without making any noise or discomfort.
|The loud thumping noise from the fuel bike’s silencers is the biggest cause of noise pollution.
|Currently, e-bikes are more expensive than petrol bikes. However, govt. is offering GST benefits of up to 18-28% on it.
|Comparatively, they are affordable. However, fuel-engine require higher maintenance.
|As e-bikes feature minimal mechanical parts, they are easy to maintain.
|Due to higher regular wear & tear, fuel bikes require basic servicing every 6 months.
|Offers a maximum speed range of 120 to 150 KM making easy for a city commute.
|No range is defined in petrol bikes. There are suitable for shorter as well as longer road trips.
What is Next?
If you are considering the future, an e-bike will help to save you a lot. Apart from this, the Government of India is offering tax benefits on the purchase of battery-operated e-two-wheelers.
The electric bike has an electric motor that gets power from Lead-acid batteries that are pre-installed in the vehicle. After charging for 6-10 hours, you can ride it for about 75-150 kilometers. Usually, the batteries of an e-bike come with a warranty of 3 years.
From lower maintenance costs to being an eco-friendly vehicle, there are numerous reasons why you should consider buying an electric two-wheeler over a fuel bike.
You can also read- Basic Tips to Maintain Your E-bike
Does an Electric Bike Needs Insurance?
As per the Motor Vehicle Act 1988,it is compulsory to purchase third-party liability insurance for your e-bike.However, if you want extensive coverage, you must opt for a comprehensive e-bike insurance policy.
Comprehensive e-bike insurance provides mandatory third-party liability coverage benefits, plus coverage for own damages. At Policybazaar.com, you will find the best e-bike insurance plan within your budget.Moreover, you can compare multiple plans offered by the best two-wheeler insurance companies in India.
With a rising need for an alternative to fuel bikes, an e-bike is a perfect mode of commute. E-bikes play a significant role in maintaining the air quality index. However, you can use the above comparative study to decide which type of two-wheeler suits your needs.
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^The renewal of insurance policy is subject to our operations not being impacted by a system failure or force majeure event or for reasons beyond our control. Actual time for a transaction may vary subject to additional data requirements and operational processes.
^The buying of Insurance policy is subject to our operations not being impacted by a system failure or force majeure event or for reasons beyond our control. Actual time for transaction may vary subject to additional data requirements and operational processes.
#Savings are based on the comparison between highest and the lowest premium for own damage cover (excluding add-on covers) provided by different insurance companies for the same vehicle with the same IDV and same NCB.
*TP price for less than 75 CC two-wheelers. All savings are provided by insurers as per IRDAI-approved insurance plan. Standard T&C apply.
*Rs 538/- per annum is the price for third party motor insurance for two wheelers of not more than 75cc (non-commercial and non-electric)
#Savings are based on the comparison between the highest and the lowest premium for own damage cover (excluding add-on covers) provided by different insurance companies for the same vehicle with the same IDV and same NCB.
*₹ 1.5 is the Comprehensive premium for a 2015 TVS XL Super 70cc, MH02(Mumbai) RTO with an IDV of ₹5,895 and NCB at 50%.
*Rs 457/- per annum (1.3/day) is the price for the third-party motor insurance for private electric two-wheelers of not more than 3KW (non-commercial). Premium is payable on an annual basis